Commercial Real Estate Direct Staff Report Downtown Chicago’s office vacancy rate jumped to 207 percent at the end of 2022, putting it at its highest level ever, according to Colliers It was up from 203 percent in the third quarter and 179...
The Bronx Times Camber Property Group has acquired a pair of apartment buildings with 187 units in the Bronx, NY, for $564 million The New York company paid $29 million, or $261,261/unit, for the 111-unit Morris Heights Mews at 1695 Grand Ave, and...
The Real Deal Callisto Media is offering for sublease 78,000 square feet of office space at Uptown Station, a 356,000-sf office property in Oakland, Calif The book publisher, which recently laid off 200 employees, hired Avison Young to market the...
Multi-Housing News The Gotham Organization is scheduled to open The Suffolk, a 378-unit apartment building at 55 Suffolk St in Manhattan’s Lower East Side neighborhood The doorman-serviced property includes a fitness center as well as a...
Commercial Real Estate Direct Staff Report Fannie Mae last year funded $69 billion of financing for apartment properties, just less than the nearly $70 billion it had originated in 2021 and far less than its $78 billion lending cap The...
Provender Partners has recapitalized a portfolio of six cold-storage assets with 113 million square feet by bringing in StepStone Real Estate as partner StepStone, a San Francisco investment manager, effectively acquired the stake in the portfolio...
Pacific Life Insurance Co has provided $40 million of financing against Edens Collection, a 142,740-square-foot retail center in Chicago JLL Capital Markets arranged the five-year loan, which pays a floating rate It allows the owner of the property,...
An affiliate of Belpointe Capital has come up with an innovative structure that would allow developers of properties in Opportunity Zones to complete capital events without triggering any capital-gains tax liabilities...
Värde Partners has provided $30 million of financing against The Madeline Hotel – Auberge Resorts Collection, an 83-room property in Telluride, Colo JLL Capital Markets arranged the loan, which has a five-year term It allows the owner of the...
New York YIMBY The exterior construction of the 190-unit apartment property at 278 Eighth Ave in Manhattan’s Chelsea neighborhood has been completed The 14-story building, between 23rd and 24th streets, also will have 33,000 square feet of...
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.
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