The pace of transfers of CMBS loans into special servicing slowed appreciably in January, resulting in a 038 percent drop in the total volume of loans with special servicers, to $3162 billion, according to Trepp Inc That amounts to 511 percent of...
Walker Brown has been named executive director of Cushman & Wakefield’s equity, debt and structured finance team in Atlanta The 18-year industry veteran joins the company from 3650 REIT, where he oversaw the alternative investment...
Commercial Real Estate Direct Staff Report Chatham Lodging Trust has lined up a $90 million unsecured term loan that it has tapped to retire $7333 million of mortgage debt, including $34 million of maturing CMBS loans against two of its hotels The...
Newmark has hired Dane Hooks as director in the company’s Denver office, where he will focus on the leasing and investment sales of office and life-sciences properties Hooks joined from Cresa, where he was senior vice president, and prior to...
Commercial Real Estate Direct Staff Report Bank of Montreal, Deutsche Bank and Goldman Sachs have provided $370 million of financing against the Green Acres Mall and the adjoining Green Acres Commons shopping center in Valley Stream, NY The...
The Real Deal RXR, which last week said it would give some of its properties to its lenders, has clarified that it was in talks over only two properties, in Brooklyn, NY, and lower Manhattan The Uniondale, NY, developer owns 83 properties valued at...
Paramount Realty Services has paid $365 million, or nearly $401/sf, for the 91,069-square-foot View at Marlton retail center in the Philadelphia suburb of Marlton, NJ The Lakewood, NJ, investor bought the property as part of a tax-deferred exchange...
Steps are being taken that might indicate that the 346-room Club Quarters Hotel in San Francisco is close to selling, according to a report in the San Francisco Business Times Last month, a consultant requested a zoning verification letter for the...
High Street Residential has named Michael Adamo senior vice president, putting him in charge of expanding its apartment development business in the New York, New Jersey and southern Connecticut areas Adamo joins the Trammell Crow Co subsidiary from...
The Holiday Inn FiDi, with 492 rooms at 99 Washington St in lower Manhattan, has received court approval to be used as a shelter for illegal immigrants, according to a report in Crain’s New York Business The hotel serves as collateral for...
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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