Mesa West Capital has provided a $5872 million loan against the 445,187-square-foot Northern Parkway Logistics Center in Glendale, Ariz The three-building property, at 12815 West Northern Ave and 12795 West Northern Ave, about 23 miles northwest of...
Commercial Real Estate Direct Staff Report Braemar Hotels & Resorts Inc has lined up $358 million of mortgage financing against four of its properties with a total of 1,200 rooms in Chicago, Philadelphia, Puerto Rico, and the Virgin Islands...
Greystone has provided $3924 million of Fannie Mae financing against the 334-unit Evolv apartment property in the Dallas suburb of Mansfield, Texas The 14-year-old property, on 186 acres at 370 North State Highway 360, is owned by Greybrook Realty...
Commercial Real Estate Direct Staff Report The $150 million CMBS loan against the Quaker Bridge Mall near Princeton, NJ, which wasn’t paid off when it matured in May, has been granted an 18-month reprieve The loan is securitized through JPMDB...
Commercial Real Estate Direct Staff Report Tanger Inc, which last year purchased the former Legends Outlets in Kansas City, Kan, expects to pay off the retail property’s $115 million CMBS loan next month, when it becomes open to prepayment The...
Commercial Real Estate Direct Staff Report The venture that owns the Prince Building in Manhattan’s SoHo area has lined up $216 million of financing, allowing it to retire a $200 million CMBS loan that became delinquent earlier this year The...
Just more than $3 billion of CMBS loans transferred to special servicers last month That's 14% more than the average that has transferred monthly over the previous 12 months But special servicers worked out, or otherwise resolved, $135 billion of...
Crain’s Chicago Business An affiliate of Community America Credit Union has filed a $236 million foreclosure lawsuit against the owner of the 11 million square-foot office property at 35 West Wacker Drive in downtown Chicago The credit union...
Commercial Real Estate Direct Staff Report Freddie Mac funded $16 billion of multifamily loans during the third quarter, down 36% from the $25 billion it funded a year ago and 11% from the $18 billion it funded in the second quarter The...
Washington Business Journal JBG Smith Properties has sold a 90% interest in 800 North Glebe Road in the Washington, DC, suburb of Arlington, Va, in a deal that values the 306,200-square-foot office building at $79 million The buyer of the stake was...
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.
