Four CMBS trusts that hold $13198 million of loans against six Houston-area apartment properties are on the cusp of taking, or already have taken, title to the properties Two loans were originated less than two years...
The Parkhill City apartment complex, with 538 units in the Jamaica section of Queens, NY, has been reappraised at a value of only $1786 million, or nearly half the $325 million value pegged to it in...
The direct office vacancy rate in the Chicago central business district declined in the second quarter for the first time in 26 quarter, according to Transwestern...
New York Business Journal Terreno Realty has paid $263 million, or $93929/sf, for a 28,000-square-foot industrial building at 659 Court St in Brooklyn, NY The Bellevue, Wash, REIT purchased the property from a company calling itself 659 Court Street...
Commercial Real Estate Direct Staff Report The 561-room Hilton Cincinnati Netherland Plaza hotel has been reappraised at a value of $383 million, nearly three times less than the $1055 million value pegged to the 95-year-old property just six years...
The volume of CMBS loans in special servicing last month was just about unchanged from June at $668 billion But as the universe of CMBS grew by more than 1%, the special servicing rate actually declined, to 1109% in July from 112% the preceding...
CMBS lenders appear to be easing their underwriting standards when it comes to leverage levels for office loans that have been securitized through conduit deals...
Bisnow Management of the 2 million-square-foot Worldwide Plaza office property in Manhattan has been transferred to Cushman & Wakefield from SL Green Realty Corp The property, which was placed in the hands of receiver Hilco Global in March,...
Boston Business Journal Panera Bread has signed a 12-year lease for 102,000 square feet at 133 Boston Post Road, a 356,995-sf office building in Weston, Mass The space will serve as the restaurant chain’s new headquarters after it relocates...
New York Business Journal An affiliate of Phoenix Realty Group has purchased Dunwell Plaza, a 182-unit apartment building in Manhattan for $80 million, or $439,560/unit The locally based company bought the affordable housing property from L+M...
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