Orion Properties Inc, which has been fine-tuning its portfolio and making efforts to pay down certain debt, has proposed modifying the terms of a $355 million CMBS loan against 19 of its office properties That prompted the loan's transfer to special...
Commercial Observer JPMorgan Chase Bank, Tyko Capital, and Apollo Global Management have provided $867 million of financing for the conversion of the 12 million-square-foot office building at 111 Wall St in Lower Manhattan into more than 1,500...
The venture between Witkoff Group and hotelier Ian Schrager that owns the 367-room Public Hotel in Lower Manhattan has lined up $310 million of financing against the property JPMorgan Chase Bank has provided $253 million of senior financing...
Helaba Bank and DekaBank have provided a $16343 million loan against 122 Fifth Ave, a 300,000-square-foot office building in Manhattan’s Midtown South submarket The loan, arranged by Walker & Dunlop, allowed the building’s owner,...
Commercial Real Estate Direct Staff Report The CMBS trust that holds a $5185 million loan against the Worldgate Centre in the Washington, DC, suburb of Herndon, Va, is close to taking title to the 229,326-square-foot retail property Its owner,...
Commercial Real Estate Direct Staff Report Greystone has provided a $30 million Freddie Mac loan to facilitate the purchase of the 102-unit Lock Vista apartments in Seattle The property, at 3025 NW Market St, was purchased for $437 million by a...
Commercial Real Estate Direct Staff Report East Capital Partners has paid $925 million, or $18763/sf, for a pair of small-bay industrial properties with nine buildings and 493,000 square feet in Tampa, Fla The 20-year-old Darien, Conn, investment...
Manulife has provided a $23 million loan against the 65-unit apartment property at 1008 Massachusetts Ave in Cambridge, Mass The property is owned by Boston Residential Group, which will use the financing to retire a $20 million loan provided in...
Major apartment-owning REITs have bought and sold $69 billion of properties this year through September, marking a significant increase from last year, when they completed only $37 billion of deals...
Oaktree Capital Management has provided $125 million of mortgage financing against the 228-unit TenTen Campus apartment property in the Los Angeles suburb of Glendale, Calif JLL Capital Markets arranged the loan on behalf of the property’s...
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.
