Commercial Real Estate Direct Staff Report GFP Real Estate has negotiated a three-year term extension of the $10297 million mortgage against its 515 Madison Ave office building in midtown Manhattan The loan, securitized through WFRBS Commercial...
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...
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...
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 Staff Report The owner of Chicago’s massive Aon Center, at 200 East Randolph St, could be close to refinancing the 278 million-square-foot office property’s $6775 million financing package, which includes...
Commercial Real Estate Direct Staff Report Thor Equities and its partner, ASB Real Estate Investments, have sold the 14,589 square feet of retail space at 155 Mercer St in Manhattan’s SoHo neighborhood for $60 million, or $4,113/sf The venture...
Commercial Real Estate Direct Staff Report Cash flow at the 502,000-square-office building at 1515 Market St in downtown, or Center City, Philadelphia had declined by 30 percent last year, pushing it to a level below that needed to fully service its...
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.
