CMBS lenders appear to have remained relatively conservative in their lending practices so far this year One large multifamily loan skewed the data in a positive way...
South Florida Business Journal Empira Group has lined up $81 million of construction financing for The Aurelian, a 160-unit apartment project that’s under construction in Coral Gables, Fla Pearlmark provided the loan, which was arranged by...
PCCP has provided $41 million of senior mortgage financing against the 125-unit Tenney North Park apartment property in the North Park area of San Diego The loan allowed developer Foulger-Pratt to retire construction financing and fund its...
BXP Inc has sold a 106% equity stake in the roughly 930,000-square-foot office building it’s constructing at 343 Madison Ave next to the Grand Central Terminal in Midtown Manhattan to AVRS Partners of New York The Boston REIT hasn’t yet...
CMBS special servicers worked out, or otherwise resolved, 47 loans with a balance of $199 billion in September That, however, wasn't enough to offset the volume of loans that transferred to special servicing during the month...
KPMG is in talks to lease about 250,000 square feet at the 13 million-sf office building at 300 North LaSalle St in Chicago The accounting firm would relocate from Aon Center, where it occupies about 236,000 sf under a lease that expires in 2029 The...
South Florida Business Journal An affiliate of Miso Scale Diagnostics has paid $2752 million, or $32762/sf, for the 84,000-square-foot warehouse at 1114 North Congress Ave in West Palm Beach, Fla The Rockville, Md, biotechnology company acquired the...
South Florida Business Journal An affiliate of Riverside District Development has paid $2203 million, or $60588/sf, for the 36,377-square-foot retail building at 930 Lincoln Road in Miami Beach, Fla The local developer acquired the property from a...
The Denver metropolitan statistical area is the 14th largest apartment market in the country by number of units But it's among the most distressed, at least when measured by the percentage of securitized loans that are on servicer watchlists...
A total of $116 billion of the $63582 billion universe of securitized multifamily loans is delinquent That amounts to a delinquency rate of only 182% But the delinquencies aren't evenly distributed among securitization...
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