Camden Property Trust has placed 11 apartment properties with 3,609 units it owns in California on the sales block and expects to generate $15 billion to $2 billion of proceeds It would redeploy most of the proceeds into properties in the...
Austin Business Journal Spire Realty Group is offering for sale the two-building Bridgepoint Plaza office complex in Austin, Texas The Dallas company has owned the 177,973-square-foot property since 2017 An asking price is not known, but the...
REBusiness Online Kaden Cos has paid $224 million, or $17920/sf, for the 125,000-square-foot Eastland Plaza shopping center in Bloomington, Ind The Louisville, Ky, company purchased the retail property from a company calling itself Eastland Plaza...
Morningstar DBRS has sharply downgraded the two most senior classes of the CMBS deal that holds a $16142 million mortgage against nine office properties with 139 million square feet owned by a Brookfield Asset Management-sponsored fund It downgraded...
Hull Property Group has acquired the Dayton Mall in Dayton, Ohio, for $37 million, resolving a long-troubled CMBS loan that had a $2078 million balance at the time of the retail property's purchase The transaction resulted in an $115 million loss to...
Commercial Real Estate Direct Staff Report The continued weak performance of 521 Fifth Ave in Midtown Manhattan has prompted S&P Global Ratings to downgrade three bond classes of COMM, 2019-521F, the CMBS deal that holds the 494,527-square-foot...
A total of $536 billion of CMBS loans were newly classified as being more than 30 days late with their payments last month That more than offset the reclassification of another $264 billion of previously delinquent loans to performing and the payoff...
Crain’s Chicago Business Artisan Capital Group has paid $314 million, or $157,000/unit, for the 200-unit Arrowhead Apartments in Palatine, Ill, a northwestern suburb of Chicago The Chicago investor acquired the property from Hispanic Housing...
REBusiness Online RJW Logistics Group has renewed its lease for the entire 512,265-square-foot industrial building at 14908 South Gougar Road in Lockport, Ill, a southwestern suburb of Chicago The retail logistics provider originally agreed to...
The $725 million CMBS loan against the 1,024-room Hilton Parc 55 and 1,919-room Hilton San Francisco Union Square hotels was split into two pieces and had its term extended through November...
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.
