Washington Business Journal White & Case LLP has leased 196,000 square feet of office space at 1701 Pennsylvania Ave NW in Washington, DC The law firm is leasing its space from Grosvenor of London, which was represented in the lease by JLL...
Commercial Real Estate Direct Staff Report The owner of Chicago’s 278 million-square-foot Aon Center office property is looking to negotiate a term extension of the property’s $536 million senior mortgage The loan, which is senior to...
New York Post Citadel Securities isn’t the only company rethinking its New York City expansion plans Apollo Global Management, which is planning a second headquarters, is eyeing Florida or Texas And it has said the bulk of its future hiring...
Commercial Real Estate Direct Staff Report Verizon Communications Inc, which last year signed for 203,000 square feet at the 162 million-square-foot Penn 2 office building in Midtown Manhattan, has decided against building out its space and instead...
Last month, $183 billion of CMBS loans transferred to special servicing, according to Trepp Inc That was the smallest volume of transfers since the end of last year But special servicers didn't keep pace in their workouts, as $12 billion of loans...
Commercial Real Estate Direct Staff Report The commercial real estate market is enjoying a period of substantial lender liquidity Properties that have been stabilized will generally be able to get financing and often will find offers from a number...
Atlanta Business Chronicle Infor is leasing 82,000 square feet of office space at Campus 244, a nearly 13-acre mixed-use development in the Atlanta suburb of Dunwoody, Ga The software provider, a subsidiary of Koch Inc, is relocating its...
Commercial Real Estate Direct Staff Report The commercial real estate sector has become increasingly bifurcated Class-A properties, even offices, are doing quite well Others: not so much That was the meat of the discussion at the Bifurcation and...
Commercial Real Estate Direct Staff Report Lenders of all stripes are bullish They’ve got plenty of capital to lend and property owners have accepted the fact that interest rates will remain higher than what became the norm until late 2022 But...
Commercial Real Estate Direct Staff Report The $80 million CMBS loan against the 441,523-square-foot 3000 Post Oak Blvd office building in Houston’s Galleria area is headed to foreclosure The loan is divided among three CMBS deals, with a $35...
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