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Home > Blackstone Seen Turning Over 1,228-Room Club Quarters Hotel Portfolio in Deed-in-Lieu of Foreclosure
The volume of delinquency in the CMBS universe ballooned by 74 percent last month to $2971 billion, according to Trepp Inc, putting that metric at a level not seen since late 2021 as the market was recovering from the Covid lockdowns The office...
Host Hotels & Resorts Inc has paid $530 million, or $735,090/room, for a two-hotel complex with 721 rooms in Nashville, Tenn The Bethesda, Md, REIT bought the property, comprised of the 215-room 1 Hotel Nashville and 506-room Embassy Suites by...
Commercial Real Estate Direct Staff Report The $3896 million CMBS loan against 100 Westminster, a 361,462-square-foot office building in Providence, RI, has been extended by a year through next February, with an option that would allow it to be...
Crain’s Chicago Business The group that owns the 14 million-square-foot office building at 70 West Madison St in Chicago has been hit with a foreclosure lawsuit The group, comprised of Hearn, GEM Realty Capital and Farallon Capital, had...
The Real Deal Fortress Investment Group has filed to foreclose, under the Uniform Commercial Code, against a portfolio of real estate in Florida, Manhattan and Westchester County, NY, owned by Cohen Brothers Realty Corp The investment bank claims...
Commercial Real Estate Direct Staff Report The two-building office complex at 760 and 800 Westchester Ave in Rye Brook, NY, last year had absorbed a 13 percent increase in utility expenses, helping offset the 64 percent increase in rental income it...
Commercial Real Estate Direct Staff Report American Eagle will vacate the 192,322 square feet it occupies at 393-401 Fifth Ave in midtown Manhattan as part of a broader consolidation As reported, the retailer had signed a lease for 338,035 sf at 63...
The Real Deal Bristol Myers Squibb is planning to vacate Woodside Technology Park, a 256,000-square-foot office campus in Redwood City, Calif The New York drug manufacturer’s lease for the entire property is set to mature in March 2027 It...
Washington Business Journal An affiliate of lender Peachtree Group has taken the 247-room Holiday Inn Express hotel in Washington, DC, through foreclosure The Atlanta lender had provided $83 million of financing against the property, developed in...
Commercial Real Estate Direct Staff Report Columbia St Mary’s Inc has decided not to renew its lease for 130,901 square feet at the East Lake Tower Corporate Center office property in Glendale, Wis The exit was highlighted recently in a CMBS...
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© 2023 Commercial Real Estate Direct All rights reserved..
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