Commercial Real Estate Direct Staff Report The CMBS trusts that hold a $558 million loan against the San Francisco Centre retail and office property in San Francisco have taken ownership of it The trusts placed a winning credit bid of $1302 million...
PCCP has provided $76 million of senior mortgage financing against the 384-unit Overall Creek apartment property in Murfreesboro, Tenn The loan, arranged by Cushman & Wakefield, allowed the property’s owner, Denholtz of Red Bank, NJ, to...
Commercial Real Estate Direct Staff Report PCCP has provided $84 million of financing against the 335-unit Montreux apartment property in Phoenix CBRE arranged the loan on behalf of the property’s owner, Pacific Development Partners of Los...
Commercial Observer Rialto Capital has provided a $150 million loan against the 270,000-square-foot office building at 100 Fifth Ave in the Union Square area of Manhattan The property is owned by Sovereign Partners, which bought it in 2023 for $1265...
Commercial Observer Bank of America, Standard Chartered PLC, and Wells Fargo Bank have provided $16 billion of financing for the development of the 14 million-square-foot 70 Hudson Yards office building in Manhattan The loan is the largest for a New...
The volume of CMBS loans that are more than 30 days late with their payments declined by $264 million in December to $4358 billion, marking the fifth time that delinquency volumes declined last...
Commercial Real Estate Direct Staff Report Clipper Realty Inc has provided a $10 million letter of credit to fund a reserve account tied to the $100 million CMBS loan against its 141 Livingston St office building in Brooklyn, NY, resolving a dispute...
Gothamist Zohran Mamdani, who was sworn in as New York City’s mayor on New Year’s Day, will soon get a majority of seats on the Rent Guidelines Board, which governs rate increases at the city’s roughly 1 million rent-stabilized...
Greystone has provided $838 million of Freddie Mac financing against the 478-unit Winchester Park & Woods apartment property in East Providence, RI The property, at 125 Village Green North, is owned by GAIA Real Estate of Miami, which acquired...
Commercial Real Estate Direct Staff Report Dominium has bought a pair of affordable-housing properties with 578 units in Durham, NC, for $835 million The Dallas developer paid $465 million, or $149,038/unit, for the 312-unit Falls Pointe at the...
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