Commercial Real Estate Direct Staff Report The Heinz 57 Center office and retail building in downtown Pittsburgh has been reappraised at a value of only $198 million The 14-story building was constructed in 1913 at 339-357 6th Ave as a Kaufmann...
Commercial Real Estate Direct Staff Report The Macerich Co venture that owns the Deptford Mall in the southern New Jersey township of Deptford paid off the property’s $13174 million mortgage when it matured last month The loan, securitized...
The Real Deal KDC has lined up $400 million of construction financing for AT&T’s planned corporate headquarters campus in the Dallas suburb of Plano, Texas JPMorgan Chase provided the financing, terms of which were not known The 54‑acre...
Sonnenblick-Eichner Co has arranged $110 million of mortgage debt against the 250-room Hotel NIA in the Silicon Valley city of Menlo Park, Calif The five-year loan was provided by Madison Newbond, a lending venture between alternative lender Madison...
The US Department of Housing and Urban Development's multifamily and healthcare lending programs were on fire during the first half of the agency's fiscal year, with a total of $1095 billion of loans being originated That puts the year on track to...
Jacksonville Business Journal Redfearn Capital has lined up $48 million of financing against a portfolio of eight light industrial properties totaling 380,589 square feet in Jacksonville, Fla Prospect Ridge provided the financing The properties are...
South Florida Business Journal A venture of Artifact Group and Rok Acquisitions has bought the Sheraton Suites Fort Lauderdale West, a 265‑room hotel in Plantation, Fla, for $266 million, or $100,377/room Artifact, of Montreal, and Rok, of Miami,...
New York YIMBY Silverstein Properties will soon restart construction of the 55 story 2 World Trade Center office building in Lower Manhattan The New York developer and Port Authority of New York and New Jersey started building out the...
The Real Deal Extell Development has acquired the development site at 405-417 Park Ave, between 54th and 55th streets, in Midtown Manhattan for $500 million The New York developer purchased the site from a venture between GDS Development and Swedish...
Commercial Real Estate Direct Staff Report An estimated $7971 billion of loans against commercial properties come due this year, according to Trepp Inc That’s roughly 16% of the $503 trillion universe of loans against income-producing...
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.
