The volume of CMBS loans in the hands of special servicers increased last month only marginally - 051 percent - to $4109 billion, according to Trepp Inc A total of 45 loans with a balance of $224 billion were newly transferred in November But...
The Real Deal The 640,000-square-foot office property at 251 South Lake Ave in Pasadena, Calif, is scheduled to be sold at a foreclosure auction on Dec 20 Coretrust Capital Partners of Los Angeles had defaulted on a $271 million loan against the...
Opus Group has broken ground on Alsip Park 294, a two-building industrial property with 360,000 square feet in Alsip, Ill The Minnetonka, Minn, developer is building the property at the northwest corner of Interstate 294 and 127th Street, about 26...
Throckmorton Partners has paid $731 million, or $276,894/room, for the 264-room South Tower of the former Fairmont Hotel in downtown San Jose, Calif That will result in a substantial paydown of a troubled $1735 million loan, held by BrightSpire...
Crain’s Chicago Business NTT Global Data Centers has paid $275 million, or $11957/sf, for two office buildings with 230,000 square feet at 1200 and 1250 North Arlington Heights Road in Itasca, Ill, about 27 miles west of Chicago The Japanese...
Commercial Observer The venture between Tamares Group and Atlantic Realty Co that owns Towers III and IV within the Plaza America office complex in Reston, Va, has negotiated a three-year extension of the buildings’ $97 million of total...
Dallas Morning News JLL has been tapped to market for sale The Shops at Park Lane, a nearly 665,000-square-foot retail property in Dallas An asking price is not known Northwood Retail owns the property, at 8080 Park Lane and across the North Central...
ConnectCRE A venture of Clear Heights and MLG Capital has secured a tenant to fully lease the 290,573-square-foot industrial property at 1675 Watkins Road in Columbus, Ohio Clear Heights of Oak Brook, Ill, and MLG of Brookfield, Wis, were...
The Real Deal LaSalle Investment Management is offering for sale two office properties with a total of 180,354 square feet at 5340 Alla Road and 12901 West Jefferson Blvd in Los Angeles The Chicago firm has hired Newmark to market the properties...
Crain’s Chicago Business Coastal Partners has paid $17 million, or $10941/sf, for the 155,385-square-foot office property at 213 West Institute Place in Chicago The Roseville, Calif, investment firm purchase the property from KBS Growth &...
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