The two shopping malls that had backed the $14117 million of mortgage financing securitized through WFRBS Commercial Mortgage Trust, 2012-C7, carry a combined appraised value of only $11828 million It's likely the transaction will get hit with...
Fortress Investment Group has provided $269 million of financing for the construction of Nautilus 220, a proposed residential condominium project in Lake Park, Fla The loan was arranged by Concord Summit Capital of Denver, while law firm Arnstein...
Healthy CMBS issuance this year through May was enough to push volume to $4718 billion for the first half, up a tad from the $4626 billion during the same period a year ago Conduit issuance volume was up nearly 5 percent, while issuance of...
Alternative lender 3650 REIT provided the $170 million of financing for the construction of the 364-unit LOFTY Brickell, a luxury residential condominium building that Newgard Development Group is building along the Rio Miami waterfront in...
The Real Deal Two Kings Real Estate has bought the 226-room Holiday Inn Hotel in the Chelsea section of Manhattan for $803 million, or $335,309/room Watermark Lodging Trust sold the property, at 125 West 36th St, which has been struggling...
NewPoint Real Estate Capital has provided $69 million of mortgage financing under the US Department of Housing and Urban Development’s 223(f) program against the 255-unit Ascent apartment property in the Denver suburb of Westminster, Colo The...
Sales volume in the small-capitalization property market has started to slow, according to Boxwood Means, with $57 billion of properties changing hands That compares with a quarterly average pace of $865 billion last year, when sales volume was up...
Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc has offered to purchase, at a discount, the two loans totaling $1121 million against its Jefferson Mall in Louisville, Ky, and Southpark Mall in suburban Richmond, Va The...
SL Green Realty Corp has partnered with a group of institutional investors from South Korea and Israel on its $445 million, or $1,320/sf, purchase of the 337,000-square-foot office building at 450 Park Ave in midtown Manhattan The group funded its...
An affiliate of Hampshire Properties has purchased the 276-unit Mansion at Bala apartment property in Philadelphia The Brooklyn, NY, affiliate, Rose Valley Capital, bought the 12-year-old property from Winther Investment Inc of Houston It funded the...
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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