Commercial Real Estate Direct Staff Report The Melohn Group, which owns the 574,878-square-foot office building at 111 West Jackson Blvd within Chicago’s Loop, is attempting to negotiate a workout of the property’s $105 million of CMBS...
Commercial Real Estate Direct Staff Report Pinnacle II, a 230,000-square-foot office building in Burbank, Calif, that serves as collateral for an $87 million CMBS loan has gone vacant The vacancy was highlighted in a TreppWire report The property,...
Philadelphia Business Journal The $2737 million CMBS loan against a portfolio of four Club Quarters hotels with a total of 1,228 rooms has defaulted and is headed toward foreclosure The loan is securitized through BX Trust, 2017-CQHP, and is senior...
Commercial Real Estate Direct Staff Report Freddie Mac has provided $40 million of financing to facilitate MG Properties’ purchase of the Artesia, a 192-unit apartment property in Everett, Wash The San Diego investment manager purchased the...
The Real Deal The RXR Realty venture that owns the 786,985-sf office building at 61 Broadway in lower Manhattan has defaulted on its $325 million of financing Lenders led by Aareal Bank, which hold the loan, are slated to offer it for sale in the...
AZ Big Media Cohen Asset Management has paid $817 million, or $13628/sf, for the 599,489-square-foot initial phase of Falcon Park 303 in Glendale, Ariz The Los Angeles investor purchased the industrial property from its developer, US Capital...
Commercial Real Estate Direct Staff Report TriGate Capital has bought the Shops at Wiregrass, a 760,379-square-foot retail property in Wesley Chapel, Fla, for $705 million, or about $9272/sf The Dallas real estate investor financed its purchased in...
Commercial Real Estate Direct Staff Report JPMorgan Chase has provided $41 million of financing to facilitate Weidner Apartment Homes’ purchase of Joy on 4th, a 234-unit apartment property in Phoenix The Kirkland, Wash, company purchased the...
Dallas Morning News ZOM Living has lined up $109 million of financing against the Atelier, a 417-unit apartment property in downtown Dallas The Orlando, Fla, developer built the 41-story building at 1801 North Pearl St It has a mix of studio, one-,...
Morgan Stanley has provided $50 million of financing against Tice’s Corner, a 119,197-square-foot shopping center in Woodcliff Lake, NJ, owned by David Adam Realty Inc The loan requires only interest payments for its 10-year term and pays a...
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.
