Commercial Real Estate Direct Staff Report JRK Property Holdings has paid $400 million for three apartment properties totaling 803 units in Seattle, Los Angeles, and Hoboken, NJ The Los Angeles investment manager bought the properties from Equity...
Accesso, owner of the 235,620-square-foot 3900 Essex Lane office property in Houston, has negotiated a two-year term extension of the property’s $1475 million loan, taking its maturity to October 2027 The loan, provided by Benefit Street...
Wells Fargo Bank, JPMorgan Chase Bank, and Bank of America are providing $480 million of mortgage financing to facilitate SL Green Realty Corp’s $730 million, or $1,173/sf, purchase of the 621,824-square-foot Park Avenue Tower office building...
South Florida Business Journal Related Ross has lined up $772 million of financing for the construction of two office buildings totaling nearly 1 million square feet in downtown West Palm Beach, Fla The local developer, led by Stephen M Ross, owner...
Commercial Real Estate Direct Staff Report The CMBS trusts that hold a $558 million loan against the San Francisco Centre retail and office property in San Francisco have taken ownership of it The trusts placed a winning credit bid of $1302 million...
PCCP has provided $76 million of senior mortgage financing against the 384-unit Overall Creek apartment property in Murfreesboro, Tenn The loan, arranged by Cushman & Wakefield, allowed the property’s owner, Denholtz of Red Bank, NJ, to...
Commercial Real Estate Direct Staff Report PCCP has provided $84 million of financing against the 335-unit Montreux apartment property in Phoenix CBRE arranged the loan on behalf of the property’s owner, Pacific Development Partners of Los...
Commercial Observer Rialto Capital has provided a $150 million loan against the 270,000-square-foot office building at 100 Fifth Ave in the Union Square area of Manhattan The property is owned by Sovereign Partners, which bought it in 2023 for $1265...
Commercial Observer Bank of America, Standard Chartered PLC, and Wells Fargo Bank have provided $16 billion of financing for the development of the 14 million-square-foot 70 Hudson Yards office building in Manhattan The loan is the largest for a New...
The volume of CMBS loans that are more than 30 days late with their payments declined by $264 million in December to $4358 billion, marking the fifth time that delinquency volumes declined last...
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