Commercial Real Estate Direct Staff Report Manchester Financial Group, which owns the 1,048-room Fairmont Austin hotel in Austin, Texas, tapped a reserve fund to pay some of the property’s taxes It evidently did that without consent of its...
ConnectCRE Secure Source America LLC has fully leased the 100,800-square-foot industrial building at 1215 101st St in Woodridge, Ill, about 26 miles west of Chicago The manufacturing company is taking the space from the property owner, Rediehs &...
Crain’s Chicago Business Barings is offering for sale Millennium on LaSalle, a 211-unit apartment property in Chicago The Charlotte, NC, asset manager hired CBRE to market the property, which was an office to residential conversion Barings...
Commercial Real Estate Direct Staff Report The 21 million-square-foot Illinois Center office complex in Chicago’s East Loop submarket has been reappraised at a value of $665 million The two-building property, at 111 East Wacker Drive and 233...
A total of 35 CMBS loans with a balance of $271 billion were transferred to special servicers last month But they worked out $149 billion of loans during that time, so the net increase in special servicing volumes was $122...
San Antonio Business Journal Net Lease Office Properties is offering for sale the 120,147-square-foot office building at 20880 Stone Oak Parkway in San Antonio CBRE has been tapped to market the three-story property, which serves as the headquarters...
Since 2024, conduit loan spreads have varied by region and metropolitan statistical area despite stable national median spreads, creating a clear—though narrower—pricing hierarchy than in...
The securitized world has $11 trillion of mortgages against multifamily properties An overwhelming majority were originated by government-sponsored enterprises, with a relatively tiny portion by CMBS lenders The latter have higher delinquency rates,...
Commercial Property Executive Genworth Financial has provided a $495 million loan against Infor Commons, a 436,478-square-foot office property in St Paul, Minn The financing allows the owner, Frauenshuh of Minneapolis, to retire a $495 million...
Orlando Business Journal Seabreeze Office Associates is offering for sale the 121,746-square-foot office building at 444 Seabreeze Blvd in Daytona Beach, Fla NAI Realvest has been tapped to market the property, which comes to market without an...
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.
