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...
WP Carey Inc, among the largest REITs focusing on the net-leased property sector, is quitting the office-owning business It's spinning off 59 of its properties through a newly formed company charged with eventually disposing of those properties and...
Commercial Real Estate Direct Staff Report The $73 million loan against the Regions Tower, a 687,237-square-foot office property in Indianapolis has transferred to special servicing because it’s expected to default at its maturity next month...
The Chicago investor has launched its Outbound Hotel brand, which will focus on buying and developing hospitality properties that accommodate travelers pursuing outdoor experiences It began assembling properties for the brand three years...
The volume of multifamily sales nationwide totaled $282 billion in the second quarter - down 718 percent from a year ago - according to Newmark Meanwhile, multifamily debt originations totaled $723 billion through the first half of 2023, down 58...
The vacancy rate for retail properties along Chicago's Magnificent Mile was 141 percent in the second quarter, according to Cushman & Wakefield That's down from 163 percent in the second quarter of last year, but well more than the 33 percent rate...
The sale-leaseback sector had an 83 percent increase in transaction volume in the second quarter, to $513 billion, according to SLB Capital Advisors That remains well less than the $617 billion quarterly average since the third quarter of 2020...
Major apartment-owning REITs that have a portfolio concentration in the country's Sunbelt region reported the smallest growth in rents in the second quarter, at 068 percent...
Commercial Real Estate Direct Staff Report Chicago’s Aon Center, a 278 million-square-foot office property in downtown Chicago, has had its appraised value slashed by nearly half to $414 million, according to a CMBS Newsflash by Morningstar...
Momentum Real Estate Partners has raised $14002 million of investor commitments for its latest apartment investment fund The fund, Momentum Real Estate Fund IV, is a follow-up to Fund III, through which the Miami investment manager had raised $1085...
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.
