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...
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...
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...
Commercial property prices continued their downward trend, declining by 113 percent in April, according to the MSCI Real Assets Commercial Property Price Index That marks the ninth straight month of declines for the index, a repeat-sales gauge...
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...
Prices for office properties could fall by more than 30 percent from their peaks, according to analysis by Barclays Capital The investment bank warned that the sector could face even greater value declines, given continued high interest rates,...
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...
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.
