Owners of office properties whose mortgages mature from now through 2025 could face a funding gap of $727 billion, according to analysis by CBRE Econometric Advisors The funding gap is the difference between the size of an existing loan and the...
Commercial Real Estate Direct Staff Report Accesso Partners has paid off a pair of CMBS loans totaling $7886 million against office properties it owns and exercised an option to extend the maturity of a third loan totaling $68 million The Hallandale...
Triangle Business Journal An affiliate of Fidelity Investments has bought the 60,000-square-foot medical-office building at 4709 Creekstone Drive in Durham, NC, for $207 million, or $345/sf The Boston company acquired the property from Highwoods...
Charlotte Business Journal Childress Klein Properties has bought Esplanade at SouthPark, a 202,000-square-foot office property in Charlotte, NC, for $31 million, or about $15347/sf The local company purchased the building from LRC Properties of New...
Charlotte Business Journal The planning staff of Cornelius, NC, has recommended the approval of a rezoning request pertaining to a planned flex-industrial project in that town Greenberg Gibbons Properties has proposed building the five-building...
Madison Realty Capital has provided $262 million of construction financing for the proposed 550-unit E11EVEN Residences Beyond residential condominium project in Miami’s District 11 area The loan, with a 35-year term, was arranged by JLL...
Cain International has partnered with Security Benefit Life Insurance Co to buy a portfolio of 10 construction loans with a total commitment of $12 billion from Pacific Western Bank The loans, against apartment and student-housing properties in New...
Tampa Bay Business Journal Altis Cardinal has filed plans to redevelop a 34-acre office campus in the Skyway Marina District of St Petersburg, Fla, into a massive mixed-use project The Coral Gables, Fla, developer’s plans for the site call for...
Charlotte Business Journal InvenTrust Properties has paid $224 million, or about $24664/sf, for the Shoppes at Davis Lake, a 90,820-square-foot shopping center in Charlotte, NC The Downers Grove, Ill, company bought the retail property from...
Atlanta Business Chronicle Blackstone Real Estate Income Trust Inc has brought to the sales market Three Ravinia Drive, an 814,000-square-foot office building in Atlanta’s Dunwoody submarket The buzz is that the 31-story property is expected...
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.
