Commercial Observer TD Bank has provided a $725 million construction loan for a 133-unit apartment project that’s being developed at 544 Carol St in the Gowanus section of Brooklyn, NY JLL arranged the financing The property is being developed...
Commercial Observer Customers Bank has provided $64 million of financing for the construction of a 197-unit apartment property at 580 Gerard Ave in the Mott Haven section of the Bronx, NY The property is being developed by a venture of Stellar...
The Real Deal Hotel Capital, which owns the 135-room Tremont Chicago Hotel, has been hit with a foreclosure lawsuit LaSalle Investment Management filed the suit, alleging that Hotel Capital, of Newport Beach, Calif, defaulted on the $1943 million...
The volume of CMBS loans that are more than 30 days late with their payments increased again in September, to $2656 billion, or 44 percent of the universe tracked by Trepp Inc That's in sharp contrast to August, when volumes had declined by 45...
Philadelphia Business Journal The $3736 million loan against the 463,988-square-foot office building at One South Broad St in Philadelphia has been extended through September 2025 The loan, securitized through JPMorgan Chase Commercial Mortgage...
REBusiness Online Douglaston Development has completed construction of a 188-unit seniors-housing property at 2856 Webster Ave in the Bronx, NY The property, which will be part of a larger complex, is subject to a ground lease with the New York...
The Crowne Plaza JFK Airport hotel, with 335 rooms in the Jamaica section of Queens, NY, has been sold for $84 million, or $250,746/room The property's sale will result in the defeasance or likely pay off of a $377 million CMBS mortgage that doesn't...
REBusiness Online Construction of Overlook Flats, a 297-unit apartment property in the Journal Square section of Jersey City, NJ, has been completed and leasing has gotten underway The property, at 32 Oakland Ave, was developed by Milton Fantin It...
New York Post Wells Fargo has agreed to pay $550 million, or $1,375/sf, for the 400,000-square-foot retail property at 20 Hudson Yards in Manhattan’s Hudson Yards area The property once was fully leased by department store Neiman Marcus and is...
Commercial Real Estate Direct Staff Report Morgan Stanley, Citigroup, Goldman Sachs and Wells Fargo Bank have originated a $700 million mortgage against the Oakbrook Center shopping mall in the Chicago suburb of Oakbrook, Ill, owned by a venture led...
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