Owners of office properties whose mortgages mature from now through 2025 could face a funding gap of $727 billion, according to analysis by CBRE Econometric Advisors The funding gap is the difference between the size of an existing loan and the...
Triangle Business Journal An affiliate of Fidelity Investments has bought the 60,000-square-foot medical-office building at 4709 Creekstone Drive in Durham, NC, for $207 million, or $345/sf The Boston company acquired the property from Highwoods...
Charlotte Business Journal Childress Klein Properties has bought Esplanade at SouthPark, a 202,000-square-foot office property in Charlotte, NC, for $31 million, or about $15347/sf The local company purchased the building from LRC Properties of New...
Commercial Real Estate Direct Staff Report Capital Square Realty Advisors has paid $391 million, or $383,333/unit, for Aspen Vista, a 102-unit apartment property in Reno, Nev The Glen Allen, Va, investment manager purchased the property from a...
Ryman Hospitality Properties Inc, which earlier this week had struck a deal to pay $800 million, or $798,403/room, for the 1,002-room JW Marriott San Antonio Hill Country Resort & Spa, is funding the purchase with proceeds from an offering of...
Herrick Co has paid $150 million, or $35589/sf, for Huntington Tower, a 421,481-square-foot office property in Detroit The Cedar Knoll, NJ, investment firm purchased the property from an affiliate of Sterling Group, according to a report from The...
Charlotte Business Journal InvenTrust Properties has paid $224 million, or about $24664/sf, for the Shoppes at Davis Lake, a 90,820-square-foot shopping center in Charlotte, NC The Downers Grove, Ill, company bought the retail property from...
CMBS special servicing volumes jumped last month by a whopping 804 percent, to $3759 billion, according to Trepp Inc It now amounts to 611 percent of the $61553 billion universe the company tracks The volume is now nearly where it was in December...
Cedar and Sage Homes has sold Tides at Willow Pointe, a 126-unit apartment property in Richland, Wash, for $2973 million, or $235,952/unit The Atlanta developer was represented by Kidder Mathews The buyer could not be identified immediately The...
San Antonio Business Journal Dogwood Commercial Real Estate has purchased the 355,000-square-foot retail property at 8800 Broadway in San Antonio for an undisclosed price The Dallas investment firm bought the property from a company calling itself...
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.
