The volume of CMBS loans in the hands of special servicers increased last month only marginally - 051 percent - to $4109 billion, according to Trepp Inc A total of 45 loans with a balance of $224 billion were newly transferred in November But...
Commercial Real Estate Direct Staff Report Nationwide Life Insurance Co has provided $43 million of mortgage financing to facilitate the purchase of Curvee, a 310-unit apartment property in Glendale, Ariz Pillar Communities of Scottsdale, Ariz,...
The Real Deal Parkview Financial, which had provided $66 million of financing against a 131-unit apartment project in Brooklyn, NY, has filed a lawsuit against its developer, Aview Equities, in an effort to collect on the financing Parkview claimed...
Commercial Real Estate Direct Staff Report The New York State Teachers’ Retirement System has provided $23205 million of mortgage financing against the 654,834-square-foot office building at 300 Mission St in San Francisco The loan pays a 45...
Throckmorton Partners has paid $731 million, or $276,894/room, for the 264-room South Tower of the former Fairmont Hotel in downtown San Jose, Calif That will result in a substantial paydown of a troubled $1735 million loan, held by BrightSpire...
Commercial Real Estate Direct Staff Report Unibail-Rodamco-Westfield has refinanced the $525 million of mortgage debt against its 206 million-square-foot Garden State Plaza shopping mall in the northern New Jersey borough of Paramus The Paris...
Commercial Observer The venture between Tamares Group and Atlantic Realty Co that owns Towers III and IV within the Plaza America office complex in Reston, Va, has negotiated a three-year extension of the buildings’ $97 million of total...
San Antonio Business Journal The $253 million loan against the Melia Apartment Homes in San Antonio has been transferred to special servicing as the borrower defaulted on its payments GVA, an Austin, Texas, investor and property manager, had...
Commercial Real Estate Direct Staff Report Pyramid Management Group has negotiated a five-year extension of the loan against its Crossgates Mall in Albany, NY The loan, with a balance of $24196 million, earlier this year was acquired by a venture of...
Commercial Real Estate Direct Staff Report Connor Group has acquired the 322-unit Carmel Center Apartments in Carmel, Ind, funding its purchase with a $575 million mortgage from UMB Bank The price that the Dayton, Ohio, investor paid could not be...
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.
