Crain’s New York Business Tishman Speyer is in advanced talks to purchase the 12 million-square-foot Chrysler Building in Manhattan The New York investor would acquire the property from Cooper Union, which last year hired Savills to market...
Commercial Observer JP Real Estate Group has paid $236 million for the mixed-use property at 1057-1059 Lexington Ave on Manhattan’s Upper East Side The New York investor acquired the property from Rudd Realty Management, also of New York,...
Bisnow Blackstone is considering selling Willis Tower, a 379 million-square-foot office property in Chicago The New York investment manager has reportedly had conversions with a group of investors that are willing to assume the property’s $133...
Commercial Observer Keystone Equities has provided an $84 million loan against the 152-unit Nova Astoria apartment property at 11-14 35th Ave in the Astoria section of Queens, NY The New York investment manager writes loans of at least $30 million...
Commercial Observer Bain Capital has provided a $213 million loan against the 513,000-square-foot office building at 1375 Broadway in Manhattan’s Garment District The property is owned by American Exchange Group, which took it over after its...
Net Lease Office Properties, which was formed nearly three years ago through the spin-off of WP Carey Inc's office portfolio, so far has sold 37 of its original 59 properties, leaving it with 22 properties that generate $2891 million of annualized...
The Real Deal The CMBS trusts that held the $12293 million loan against the 750 Lexington Ave office property in Midtown Manhattan have taken title to the property through a foreclosure held last week The two trusts are GS Mortgage Securities Corp,...
Crain’s Chicago Business Sterling Bay is offering for sale the 197,433-square-foot office property at 345 North Morgan St in Chicago The local developer has tapped JLL to market the property, which was developed in 2022 The 11-story building...
New York Business Journal Evergreen Peak has paid $437 million, or $2,731/sf, for the 16,000-square-foot mixed-use property at 90 Wooster St in the SoHo section of Manhattan The New York developer acquired the property, with office and retail...
The collateral pool for what originally was a $3848 million CMBS loan against a portfolio of apartment properties that Chetrit Group purchased in 2019 for $522 million is likely to shrink further in the coming months...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
