The Real Deal The venture that owns 300 East 42nd St in midtown Manhattan has handed the 236,392-square-foot office building over to its lender, Fortress Investment Group, which has tapped JLL Capital Markets to market it for sale The venture,...
The Real Deal Goldman Sachs Urban Investment Group has taken through foreclosure the Empire Outlets, a 340,000-square-foot retail property at 55 Richmond Terrace in Staten Island, NY The property had been owned by BFC Partners of Brooklyn, NY, A...
The Real Deal Marathon Asset Management has taken the 40,542-square-foot office/retail building at 263 West 34th St in midtown Manhattan through foreclosure The New York investment manager had provided $50 million of financing to fund the...
A unit of Silver Star Properties REIT Inc, a non-traded REIT formerly known as Hartman Short-Term Income Properties XX Inc, has filed for bankruptcy, which would trigger an event of default for a $21728 million CMBS loan backed by its properties But...
Philadelphia Business Journal Trigild has been named receiver of Philadelphia’s Wanamaker Building, a 954,363-square-foot office property in downtown, or Center City, Philadelphia The historic building, at 100 Penn Square East, which was built...
Kayne Anderson Real Estate has acquired a portfolio of $13 billion of loans against medical office properties from Synovus Financial Corp, which was represented in the transaction by JLL Capital Markets’ loan-sales group The portfolio of 106...
Commercial Real Estate Direct Staff Report The $308 million loan against 1740 Broadway, a 603,928-square-foot office building in midtown Manhattan, is being offered for sale CWCapital, the loan’s special servicer, expects to begin taking...
The buzz is that a Brookfield Corp affiliate is Ballast Investment's capital partner in its purchase of $802 million of mortgage debt against a portfolio of San Francisco apartment properties The debt is part of a larger financing package against 95...
Commercial Observer Yellowstone Real Estate Investments has purchased the $106 million loan against the New Yorker Hotel in the Hell’s Kitchen section of Manhattan The New York private-equity firm acquired the loan from M&T Bank for what...
Commercial Real Estate Direct Staff Report The FDIC has formally launched marketing for the $3322 billion of commercial real estate loans that had been held by Signature Bank, which failed on March 12 The agency’s loan-sales adviser, Newmark...
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.
