For the first time in a decade, institutional investors didn't increase their target allocations to real estate this year, leaving them flat at a weighted average 108 percent of total assets The expectation is that allocations would remain flat...
The average monthly rent for an apartment unit nationally was $1,824 in the third quarter, increasing by less than 1 percent from the second quarter's $1,809 average Meanwhile, the median home mortgage payment had increased by nearly 10 percent in...
Denver Energy Center, a two-building office property with 770,583 square feet in Denver's Uptown area, failed to sell recently, which could very well make it a drag on the CMBS deal that had held a $9722 million loan against it The offering marks...
A total of 487,512 apartment units are projected to be brought online nationwide this year, according to Yardi Matrix That's an increase from the previous projection, made during the third quarter, that 484,943 units would be delivered this year...
STR and Tourism Economics have again upgraded their view of the US hotel sector and now are projecting that revenue per available room would increase by 48 percent this year after previously forecasting a 45 percent increase STR, of Hendersonville,...
Commercial Real Estate Direct Staff Report The owner of a portfolio of five West Texas office buildings has plans to turn the properties over to its lender That’s according to a TreppWire report this morning, which cited comments from the...
Commercial Real Estate Direct Staff Report The Nashua Mall in Nashua, NH, has continued to suffer from occupancy declines, impacting its ability to refinance its $37 million mortgage, which matured earlier this month The 311,313-square-foot retail...
Commercial Real Estate Direct Staff Report The Wanamaker Building, a historic property with 954,363 square feet of office space in downtown, or Center City, Philadelphia, has had its appraised value slashed by 71 percent, to $524 million The latest...
Commercial Real Estate Direct Staff Report The $8588 million CMBS loan against the Fashion Outlets of Niagara Falls has formally transferred to special servicer Midland Loan Services as it’s expected to default at its maturity next month The...
Commercial Real Estate Direct Staff Report The $12362 million CMBS loan against 750 Lexington Ave in midtown Manhattan once again has transferred to special servicer LNR Partners It marks the third time in two years the loan has transferred This...
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.
