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...
Commercial Real Estate Direct Staff Report Accesso Partners has paid off a pair of CMBS loans totaling $7886 million against office properties it owns and exercised an option to extend the maturity of a third loan totaling $68 million The Hallandale...
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...
The Real Deal A special referee appointed by a New York Supreme Court judge has ruled in favor of the CMBS trust that holds a $33 million loan against the 155-room Distrikt Hotel in midtown Manhattan The special referee, John A Owens, entered a...
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...
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.
