The appraised value of a 738-unit apartment property in suburban Cleveland, which was financed with a $53 million CMBS loan just two years ago, has been reduced by just more than 84%, to only $181...
Commercial Real Estate Direct Staff Report The 42,000 square feet of retail space at the base of the 12-story 599 Broadway office building in Manhattan’s SoHo neighborhood has had its appraised value slashed by nearly 80% to $32 million The...
New York Real Estate Journal National Realty & Development Corp has lined up $75 million of financing against Orange Plaza, an 811,272‑square‑foot retail property in Middletown, NY, about 70 miles northwest of Manhattan An undisclosed life...
Commercial Real Estate Direct Staff Report Braven Office Commons, a 749,694-square-foot property in Bellevue, Wash, has been placed on the sales block by its receiver as its foreclosure process begins Eastdil Secured has been tapped to market the...
Half of all data-center operators reported that their properties had experienced power outages within the past three years, according to data compiled by the Uptime Institute That was down from 53% in...
Commercial Real Estate Direct Staff Report The appraised value of the 781,426-square-foot office property at 10 South LaSalle St in Chicago has been reduced once again, this time to $272 million Last September, the property had its value slashed by...
Bisnow Lightstone Group has paid $165 million, or $9429/sf, for 3 Burlington Woods, a 175,000-square-foot life-sciences building in the Boston suburb of Burlington, Mass The New York company purchased the four-story property from GI Partners, a...
New York Business Journal An affiliate of Valeray Real Estate has paid $433 million, or $394 million/unit, for an 11‑unit apartment building at 73-75 Sullivan St in Manhattan The local developer purchased the property from affiliates of P Zaccaro...
Commercial Real Estate Direct Staff Report A portfolio of three Wilmington, Del, office buildings backing distressed CMBS debt are scheduled for sheriff’s sale next month The buildings, with 305,398 square feet at 200, 300, and 400 Bellevue...
Commercial Real Estate Direct Staff Report The appraised value of the 448-room Hilton Houston Post Oak hotel in the city’s Uptown area has been reduced again, this time by more than half to $31 million The property, constructed in 1982 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.
