Rent growth in the multifamily sector nationwide is stabilizing after the record increases achieved following the coronavirus pandemic The country's hottest markets, including Phoenix and Las Vegas, saw asking rents fall in the first quarter They...
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,...
Commercial real estate brokers in New York have become even more pessimistic than they had been, according to a survey by the Real Estate Board of New York, or REBNY The trade group, which represents brokers, building owners, managers and developers...
LaPour Partners has received approvals for Arista 26, a 359,800-square-foot industrial property in Broomfield, Colo The Las Vegas developer will build the property at 11250, 11230 and 11210 Wadsworth Parkway, about 16 miles north of Denver It will...
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...
REBusiness Online LCOR has begun leasing The Ryland, a 267-unit apartment property in the Society Hill of neighborhood of Philadelphia The 31-story property, at 1 Dock St, has 44 studios, 154 one-bedroom units, 44 two-bedroom apartments and 25...
The Real Deal Uber is offering for sublease Chase Center Tower II, a 268,500-square-foot office property in San Francisco The rideshare company in 2019 started paying $85/sf for space at the building, but never moved in as it was having the property...
Multi-Housing News Banco Inbursa and Pearlmark have provided $233 million of financing for the construction of the first phase of the South Pier at Tempe Town Lake mixed-use development in Tempe, Ariz McBride Cohen Co of Tacoma, Wash, is teaming...
The Real Deal Ohana Real Estate has paid $1633 million, or $591,666/room, for the 276-room Claremont Hotel & Spa in Claremont, Calif The Redwood City, Calif, investment firm purchased the property from a venture of FRHI Hotels & Resorts and...
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.
