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...
Berkadia has provided $352 million of Freddie Mac financing against the 394-unit Lake Village Apartments in Lake Orion, Mich, a northern suburb of Detroit The 10-year loan allowed the property’s owner, Fenton Management Co of Farmington Hills,...
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...
Commercial Real Estate Direct Staff Report Square Deal Investment Management has tapped JLL to secure financing against Indianapolis’ Salesforce Tower, a 11 million-square-foot office property The building backs a $108 million CMBS loan that...
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...
Commercial Real Estate Direct Staff Report A venture of Cohen & Steers Income Opportunities REIT Inc and Phillips Edison & Co has paid $5385 million, or $20280/sf, for the 265,530-square-foot Oracle Crossings retail property just north of...
San Antonio Business Journal Scenic Capital Advisors has lined up $368 million of financing for its acquisition of the 367-rpp, Marriott San Antonio Airport hotel Frost Bank provided the loan Scenic Capital, of Austin, Texas, purchased the property...
Commercial Real Estate Direct Staff Report Argentic Real Estate Finance has provided $67 million of senior financing against the Westroads Mall in Omaha, Neb The loan, along with a $12 million mezzanine loan funded by Principal Life Insurance Co,...
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...
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...
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.
