The CMBS trusts that hold a $167 million loan against the fee interest in, or ground beneath, the 11 million-sf office building at 300 South Riverside Plaza in Chicago have filed to take the asset through foreclosure...
Commercial Real Estate Direct Staff Report Romspen Holdings Inc has placed the $54 million stalking horse bid for the equity interest in the entity that owns the former Motorola campus in Austin, Texas Bids are due today The property, which sits on...
Commercial Real Estate Direct Staff Report Walker & Dunlop, among the top agency lenders in the country, was asked last year to buy back $100 million of loans it originated on behalf of Freddie Mac as a result of fraud committed by a borrower...
New York City Mayor Zohran Mamdani is proposing an increase in property taxes in the five boroughs to help address a $54 billion gap in the city’s preliminary $127 billion budget In an address at City Hall, the first-time mayor noted he had a...
Commercial Real Estate Direct Staff Report Last year, Colorado House Bill 25-1090: Protections Against Deceptive Pricing Practices, was signed into law The legislation, which went into effect at the start of January, requires businesses to present...
Commercial Real Estate Direct Staff Report The New York City Council failed to muster the votes needed to override former Mayor Eric Adams’ veto of the New York Community Opportunity to Purchase Act, or COPA, that would have given nonprofit...
New York State’s attorney general, Letitia James, has gotten involved in the proposed bankruptcy sale of 93 apartment properties with 5,100 units owned by Pinnacle Group Pinnacle threw them into bankruptcy last May to avoid foreclosure by...
Gothamist The judge overseeing the bankruptcy of 93 apartment buildings with 5,100 units in New York City has blocked an effort by the city’s newly inaugurated mayor to delay a proposed sale of the properties by 30 days Mayor Zohran...
Gothamist Zohran Mamdani, who was sworn in as New York City’s mayor on New Year’s Day, will soon get a majority of seats on the Rent Guidelines Board, which governs rate increases at the city’s roughly 1 million rent-stabilized...
Massachusetts residents likely will vote in November on whether to overturn a 32-year-old law that banned statewide rent control in the commonwealth But the state's governor has gone on the record opposing the effort, arguing that what the state...
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.
