Commercial Real Estate Direct Staff Report Principal Life Insurance Co has provided $662 million of financing for the construction of Eastrail Flats, which will have 207 apartment units and 63 townhomes in Woodinville, Wash The financing was...
Park Plaza Mall in Little Rock, Ark, has been acquired by Second Horizon Capital for what is said to have been between $25 million and $27 million The company bought the property from a CMBS trust that had taken it by foreclosing on what was a $738...
Commercial Real Estate Direct Staff Report The Vornado Realty Trust venture that owns the 182 million-square-foot office complex at 555 California St in San Francisco is seeking to extend the term of property’s $12 billion mortgage The loan is...
JLL Capital Markets has arranged an $1824 million Freddie Mac loan for the 358-unit Cambridge Estates apartment property in Lafayette, Ind The property, constructed in phases from 1973 to 1977, is owned by Brikwell of Denver, which had acquired it...
South Florida Business Journal Ground recently broke on the $50 million initial phase of the Southpointe Vista affordable-housing property in Miami McDowell Housing Partners is building the property on a 346-acre site at the northeast corner of SW...
Commercial Real Estate Direct Staff Report Trinity Place Holdings Inc, which was created with the real estate assets of the former Syms Corp clothing retailer, has launched a review of potential strategic alternatives The New York company has hired...
Mortgage REITs saw their originations plunge during the latter half of last year as they adopted a cautious stance and built up liquidity to take advantage of what they hope soon will be better investing opportunities Last year, 13 publicly...
Deloitte has not renewed its lease for 260,000 square feet at 191 Peachtree, a 12 million-square-foot office building in Atlanta The consulting giant’s decision to not renew was first reported in the Atlanta Business Chronicle Deloitte has...
Commercial Real Estate Direct Staff Report Midtown Manhattan’s 515 Madison Ave has been re-appraised at a value of $155 million, one-third less than its appraised value 10 years ago, but well more than the $10297 million loan against the...
Commercial Real Estate Direct Staff Report NGI East Bay Portfolio LLC, which indirectly owns the 236-bed Garden Village student-housing property in Berkeley, Calif, has filed for bankruptcy in US Bankruptcy Court for the Northern District of...
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.
