Commercial Real Estate Direct Staff Report The $375 million loan against the 58,850-square-foot Ditson Building in Lower Manhattan has been transferred to special servicing due to imminent default The loan, securitized through BANK, 2018-BN13, pays...
Crain’s Chicago Business Stripe has agreed to renew and expand its lease at the 13 million-square-foot office property at 350 North Orleans St in Chicago The online payment company, which had been in 89,000 sf, will now lease 222,000 sf at the...
Boston Business Journal A venture of Lincoln Property Co and investors advised by JPMorgan Asset Management has bought The Edge, a 962,000-square-foot office complex in Wakefield, Mass, for $61 million, or $6341/sf Hobbs Brook Real Estate of...
Commercial Observer Delshah Capital has paid $1278 million for a portfolio of three mixed-use properties in the Williamsburg section of Brooklyn, NY, in separate deals The New York real estate developer paid $458 million for 227 Grand St, which has...
About 250 years after the original 13 colonies declared their independence from England, their commercial real estate markets are facing a very different battle: CMBS office...
Boston Business Journal Driscoll Foods has paid $43 million, or $12898/sf, for a 333,386-square-foot industrial facility at 1 Van Bergen Lane in West Coxsackie, NY The Wayne, NJ, family-owned food distributor purchased the property from Winstanley...
Boston Business Journal Northeastern University has paid $169 million, or $241,429/bed, for the East Village student-housing property in Boston The university acquired the building from Phoenix Property Co and Lincoln Property Co, both of Dallas...
Commercial Real Estate Direct Staff Report Target Corp has signed a 15-year lease for 135,000 square feet at the Rego Park Shopping Center in Queens, NY The Minneapolis retailer leased the space from Alexander’s Inc of Paramus, NJ, which is...
New York Business Journal Sioni Group has paid $31 million, or $44286/sf, for 38 West 21st St, a 70,000-square-foot office building in Manhattan The local developer bought the property from Jack Vogel Associates, which was represented in the deal by...
Commercial Observer Stockbridge has paid $461 million, or $2,634/sf, for the nearly 17,500-square-foot retail building at 1511 Third Ave in Manhattan’s Upper East Side The San Francisco investor acquired the property from a venture of Union...
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.
