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...
Marcus & Millichap Capital Corp has arranged $85 million of financing for the construction of a 140-unit apartment property at 55 North La Cienega Blvd in Beverly Hills, Calif The four-year loan was provided by a national bank on behalf of the...
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...
The Real Deal Investment firm 601W Cos has acquired the Wells Fargo Center North Tower, a 14 million-square-foot office property in downtown Los Angeles The purchase price could not yet be learned, but reports on the sale from earlier this year...
LA Business First Hoa’s Global Pet Nutrition has agreed to lease the 163,300-square-foot industrial property at 1930 South Parco Ave in Ontario, Calif The manufacturer of pet foods was represented by Maple Commercial Real Estate, while NAI...
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...
REBusiness Online Bluhm Family Foundation has broken ground on Marisol, a 214-unit seniors-housing property in Huntington Beach, Calif The Chicago company is building the property at 2120 Main St, about 35 miles south of Los Angeles The project has...
Multi-Housing News Affinius Capital has provided $120 million of financing against the 302-unit Elowen apartment property in San Diego JLL arranged the debt on behalf of the local developer and owner, AAA Management The property was developed with...
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 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.
