Commercial Real Estate Direct Staff Report The volume of office space leased in Manhattan totaled 63 million square feet in the third quarter, nearly 31 percent behind the pace set at the same time last year, according to Savills Despite this...
The Real Deal Hotel Capital, which owns the 135-room Tremont Chicago Hotel, has been hit with a foreclosure lawsuit LaSalle Investment Management filed the suit, alleging that Hotel Capital, of Newport Beach, Calif, defaulted on the $1943 million...
BisNow CareFirst BlueCross BlueShield has reduced the space it leases at the 840 First St NE office building in Washington, DC, by 140,000 square feet to 62,000 sf The 245,000-sf building in the city’s north of Massachusetts Avenue, or NoMA...
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,...
REJournals Advanced Plastic Corp has agreed to fully lease the 87,703-square-foot industrial property at 1723-1757 Marshall Drive in Des Plaines, Ill Lee & Associates brokered the deal between the plastics company and the owner of the property,...
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...
Rentvcom AM Castle & Co has agreed to renew its lease at 14001 to 14003 Orange Ave in Paramount, Calif As a result, the provider of metals will fully lease the 282,000-square-foot industrial property for an additional seven years in a deal...
Houston Business Journal Power Electronics USA has agreed to fully lease the Airtex Commerce Center, a 166,250-square-foot industrial property in Houston The US division of the Spanish renewable energy manufacturer is leasing the warehouse, at 431...
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...
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.
