CMBS loans against enclosed shopping malls that were written in 2016 or before then have a 963% delinquency rate, while those written in 2017 and later have nearly zero...
Washington Business Journal A venture of Garfield Investments and Broad Creek Capital has agreed to pay $262 million, or $13497/sf, for the 194,115-square-foot office property at 1667 K St NW in Washington, DC James Campbell Co of Kapolei, Hawaii,...
Washington Business Journal Trinity Property Consultants has paid $845 million, or $239,376/unit, for The Rowan, a 353-unit apartment complex in Washington, DC The Irvine, Calif, multifamily owner acquired the 10-story property from its developer,...
Philadelphia Business Journal Welltower has acquired Arbor Terrace Exton, an 88-unit seniors housing community in Exton, Pa, for $355 million, or $403,409/unit The Toledo, Ohio, REIT bought the property from a venture of Bain Capital and Capitol...
A total of 208,072 apartment units were absorbed during the first half of the year, while 167,734 units were delivered If demand continues to outpace supply this year, it would be the first time in five years that that's...
Minneapolis/St Paul Business Journal Faegre Drinker Biddle & Reath has agreed to renew its 175,000-square-foot lease at Wells Fargo Center, a 12 million-sf office property in Minneapolis The law firm leases floors 20 through 27 in the 57-story...
Conditions in the national office market continue to stabilize, with certain gateway areas in full recovery mode New York is one of them SL Green Realty Corp, for instance, reported leasing spreads at replacement leases of 18% during the latest...
Washington Business Journal FPA Multifamily is paying $250 million, or $204,583/unit, for the massive Riverside Apartments, a 1,222-unit complex in Alexandria, Va The San Francisco company is buying the three-building property from Elme Communities...
The 53,617-square-foot 25 Taylor St office building in San Francisco’s Civic Center area has changed hands, resolving a distressed $1693 million CMBS loan against it The seven-story building, which also houses the Golden Gate Theater, was sold...
Commercial Observer David Yurman, a retailer of designer jewelry, has leased the nearly 24,000 square feet of retail space at the base of the Mandarin Oriental Residences at 685 Fifth Ave in Midtown Manhattan The retail space takes up the four...
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