Philadelphia Inquirer The proposed sale of the 176 million-square-foot office building at 1500 Market St in downtown, or Center City Philadelphia, evidently has fallen apart The 37-story building, commonly referred to as Centre Square, backs a $368...
Commercial Real Estate Direct Staff Report The 278 million-square-foot Aon Center office property in Chicago has been re-appraised at a value of $195 million It marks the third time the 83-story building – the third tallest in the city after...
The office sector has been ground zero for distress in the commercial real estate market, but CMBS delinquencies suggest a nuanced picture...
Commercial Real Estate Direct Staff Report The 12-story mixed-use building at 250 Livingston St in Brooklyn, NY, has been reappraised at a value of only $231 million, contributing to Morningstar DBRS’ downgrade of five principal-paying classes...
Pacific Life Insurance Co has provided $1246 million of financing against the 363-unit Arthur on Aberdeen apartment property in Chicago’s Fulton Market neighborhood JLL Capital Markets arranged the three-year loan on behalf of the two-year-old...
OakNorth Bank has provided $50 million of mortgage financing to fund Onward Investors’ purchase and repositioning of three office buildings within the Coliseum Centre office complex in Charlotte, NC As reported, the Minnetonka, Minn,...
Commercial Real Estate Direct Staff Report An affiliate of Golden Horizon Enterprises has paid $1125 million, or $336,826/unit, for Bungalows at Camelback, a 334-unit apartment property in Phoenix The purchase was first reported by the Phoenix...
Multi-Housing News Kite Partners has paid $241 million, or $277,011/unit, for the Q, an 87-unit apartment property in Seattle The local investment firm acquired the property from ACME Realty, which bought it in 2016 for $266 million CBRE represented...
Commercial Real Estate Direct Staff Report Plymouth Corporate Center, a 628,436-square-foot office property in the Minneapolis suburb of Plymouth, Minn, has been reappraised at a value of $453 million The latest appraisal, which was highlighted this...
A significant slug of securitized mortgages backed by hotels in the Austin, Texas, metropolitan statistical area could face refinancing challenges, as 39 loans with a total balance of $68558 million have debt yields less than 9%, according to data...
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