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...
Kansas City Business Journal The Federal Aviation Administration has agreed to lease 80,000 square feet of space at the Lightwell, a 667,222-sf office property in Kansas City, Mo The government transportation agency will take the space in 2025 The...
Commercial Observer Urban Standard Capital has provided $38 million of construction financing for a 76-unit apartment project at 827 Sterling Place in the Crown Heights section of Brooklyn, NY Haussmann Development of New York is developing the...
Commercial Real Estate Direct Staff Report The universe of commercial mortgages outstanding in the United States increased by $377 billion in the second quarter, to $46 trillion, according to the Mortgage Bankers Association The increase was driven...
Tampa Bay Business Journal Ocean Bank has provided $176 million of financing for the construction of the 128-room Hilton Home2 Suites hotel in Clearwater, Fla An affiliate of Baywood Hotels of Columbia, Md, is developing the five-story property on a...
Commercial Real Estate Direct Staff Report JLL Income Property Trust has funded its first-ever mortgage The non-traded REIT, managed by LaSalle Investment Management Inc, owns equity interests in 136 properties, mostly apartments and industrial...
The Real Deal Gene Staples has paid $30 million, or $9934/sf, for International Tower, a 302,000-square-foot office property in Chicago The local investor purchased the property from an affiliate of Bridge Investment Group, which was represented by...
Commercial Real Estate Direct Staff Report M&T Realty Capital Corp has provided $2106 million of Freddie Mac financing to facilitate the purchase, by a Prime Residential fund, of the Trellis, a 111-unit apartment property in Federal Way, Wash...
Commercial Observer Bank Hapoalim International has provided $92 million of financing for the construction of a 270-unit apartment property at 401 West 207th St in Manhattan’s Inwood area The property is being developed by Jay Group of New...
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...
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.
