Commercial Real Estate Direct Staff Report The Simon Property Group venture that owns the Penn Square Mall in Oklahoma City has negotiated a two-year extension of the property’s $310 million CMBS loan through January 2028 The loan, scattered...
Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc has lined up $425 million of mortgage financing against a portfolio of 12 of its enclosed shopping malls and one open-air center The Chattanooga, Tenn, REIT is...
The CBL & Associates Properties Inc venture that owns the Coastal Grand Mall in Myrtle Beach, SC, has negotiated a four-year term extension, through August 2028, of the property's CMBS loan It has paid down principal and is now paying a higher...
South Florida Business Journal Acevedo Investments Corp has bought the Regency Club Apartments, a 74-unit complex in Hialeah, Fla, for $2122 million, or $286,757/unit The Coral Gables, Fla, company purchased the three-story property from Royal...
Commercial Real Estate Direct Staff Report The owner of the 278 million-square-foot Aon Center office property in downtown Chicago has indicated it won’t be able to retire the property’s $536 million loan at its maturity this summer As a...
CMBS special servicers received 50 loans with a balance of $266 billion last month, marking the most active month since last June, when $291 billion of loans transferred However, they resolved, or otherwise worked out, $325 billion of other loans,...
Truist Bank has provided $6825 million of financing against the 269-unit Millyard at Meadow Commons apartment property in Newington, Conn, about 10 miles south of Hartford, Conn The five-year loan, which pays a fixed rate, was arranged by JLL...
JLL Real Estate Capital has provided $12554 million of Freddie Mac financing against the 244-unit Union Channel apartment property in the Gowanus section of Brooklyn, NY The five-story property was developed last year at 240 Third Ave, the site of...
Ramsfield Hospitality Finance has provided $336 million of mortgage financing against the 175-room Hyatt Place Atlanta/Centennial Park in downtown Atlanta The loan allows the property’s developer and owner, a venture of Songy Highroads of...
Dwight Capital has provided $54 million of financing under the US Department of Housing and Urban Development’s 223(f) program against the 92-unit Amara apartment property in the Astoria section of Queens, NY The property, at 31-90 29th St,...
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.
