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...
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...
Boston Business Journal An entity managed by Mai Luo has paid $30 million, or $14416/sf, for 18 Tremont St, a 208,097-square-foot office building in Boston’s Financial District The local investor acquired the building from an affiliate of...
New York Business Journal An affiliate of Melia Hotels International has paid $203 million, or $648,562/room, for the Innside New York NoMad hotel in Manhattan The Palma de Mallorca, Spain, hospitality company bought the 313-room property from its...
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...
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...
Commercial Observer Kaufman Investments is said to have agreed to pay $125 million for a pair of office properties across Madison Square Park in Manhattan’s Midtown South submarket The New York investor is buying the properties—the...
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,...
Phoenix Business Journal Microsoft has paid $130 million for a 100-acre development site in Goodyear, Ariz, about 27 miles west of Phoenix The tech giant acquired the property from First Industrial Realty Trust The site, at North Citrus and West...
Commercial Real Estate Direct Staff Report RXR Realty is offering for sale the Helmsley Building, a 14 million-square-foot office property in Manhattan The offering, which was first reported by Commercial Observer, comes more than two years after...
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.
