As a percentage of the overall CMBS universe, the special servicing rate is the highest it has been since February 2013, when it was 1152% But the universe back then was smaller than it is today Meanwhile, given the recent workout of a large loan,...
Minneapolis/St Paul Business Journal Blu Dot has leased River Edge Business Center, a 250,000-square-foot industrial property in Fridley, Minn The furniture maker will move into the building, at 7350 Commerce Lane Northeast, in November The property...
CMBS lenders securitized $1493 billion of loans against industrial properties this year through August At the current pace, the full year's volume of industrial loans should top last year's $1856...
Commercial Observer S3 Capital has provided $45 million of construction financing for a planned 99-unit apartment property in the Williamsburg section of Brooklyn, NY GW Infinity of Brooklyn is developing the 17-story project at 277 North Eighth St...
Commercial Observer Roadway Moving and Contenur have signed leases totaling 231,000 square feet at the Review Avenue Complex, a six-story industrial property at 28-90 Review Ave in the Long Island City section of Queens, NY Roadway, a moving and...
Commercial Observer O’Melveny & Myers has signed a 15-year renewal for about 100,000 square feet of office space at 1625 Eye St NW in Washington, DC The law firm, which has been at the 405,000-sf property since 2003, occupies its top three...
Commercial Observer Kolter Urban and BH Group have lined up $197 million of construction financing for Olana Naples Residences, a 12-unit condominium project in Naples, Fla Apollo Global Management and BDT & MSD Partners provided the debt Units...
Boston Business Journal Affinius Capital and Axonic Capital have provided $46 million of financing for a proposed 130-unit apartment property in Lexington, Mass Dinosaur Capital of Newton, Mass, is developing the project at 7 Hartwell Ave, on the...
Tampa Bay Business Journal Porter Development of Clearwater, Fla, has lined up $635 million of financing for Azalea Cay, a planned 1,056-unit apartment complex in St Petersburg, Fla Valley National Bank provided the loan The developer also received...
Dallas Business Journal Morgan Stanley plans to lease about 255,000 square feet of office space at the 12 million-sf Fountain Place in downtown Dallas while its new regional headquarters is developed in the city’s Uptown neighborhood The giant...
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