Commercial Real Estate Direct Staff Report Black Diamond Capital Management, which late last year bought the distressed $4185 million CMBS loan against the Palisades Center Mall in Rockland County, NY, has taken over the 23 million-square-foot...
Commercial Real Estate Direct Staff Report The recent sale of 175 West Jackson Blvd in Chicago has resulted in a complete wipe out of the $25047 million CMBS loan that encumbered the 145 million-square-foot office building As reported, the...
Charlotte Business Journal National Kitchen & Bath Cabinetry Inc has bought a 247,000-square-foot industrial building within the Axial Bonds Farm industrial complex in Concord, NC, for $30 million, or $12146/sf The local cabinet supplier for...
South Florida Business Journal Ocean Bank has originated $433 million of construction financing for Nexus Leah, a 189-unit apartment building in Hialeah, Fla The eight-story project is being developed by a venture of Development Alliance and 1140...
ConnectCRE Equus Capital Partners has paid $469 million, or $13719/sf, for the Falls Lake Commerce Center, a 341,867-square-foot industrial complex in Butner, NC, about 14 miles northeast of Durham, NC The Newtown Square, Pa, company purchased the...
Commercial Observer GDC Properties has paid $241 million, or $803,333/unit, for the 30-unit apartment property at 335 Carroll St in the Carroll Gardens section of Brooklyn, NY The Hawthorne, NY, developer acquired the property from Solon Mack...
The Real Deal The Gutow Co has teamed with Vertical Partners LLC to buy the 246,955-square-foot office building at 12001 North Central Expressway in Dallas The locally based companies purchased the 13-story property from Atlas Coit Central LLC,...
Multi-Housing News New York Life Insurance Co has provided $61 million of financing for the purchase of the 424-unit Capitol at Stonebriar apartment complex in the Dallas suburb of Frisco, Texas Tanglewood Property Group of Houston purchased the...
South Florida Business Journal An affiliate of RK Centers has sold the 31,835-square-foot shopping center at 2178 NE 123rd St in North Miami for $1576 million, or $49505/sf The Sunny Isles Beach, Fla, company sold the retail property to a company...
A total of 38 CMBS loans with a balance of $227 billion transferred to special servicers in January At the same time, special servicers worked out or otherwise resolved 44 loans with a balance of $201...
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.
