The securitized world has $11 trillion of mortgages against multifamily properties An overwhelming majority were originated by government-sponsored enterprises, with a relatively tiny portion by CMBS lenders The latter have higher delinquency rates,...
Multi-Housing News MacNaughton has acquired Residences Kierland, a 290-unit apartment property in Scottsdale, Ariz The purchase price could not yet be learned However, the six-story property was valued this year at $1019 million, according to...
Commercial Real Estate Direct Staff Report RXR Realty is offering for sale the Helmsley Building, a 14 million-square-foot office property in Manhattan The offering, which was first reported by Commercial Observer, comes more than two years after...
The Commercial Real Estate Finance Council’s annual conference got underway at Manhattan’s Marriott Marquis hotel this morning, with some 1,200 people in attendance One of the initial takeaways: don’t count on capitalization-rate...
Commercial Real Estate Direct Staff Report Itron will vacate the 191,423 square feet of office space that it takes at Champion Station in San Jose, Calif, when its two leases roll in September The tech company that focuses on energy and water...
Commercial Real Estate Direct Staff Report A venture of New York Life Investment Management, Donaldson Impact Investments, and Housing Initiative Partnership has paid $794 million, or $243,558/unit, for Yorkshire Apartments, a 326-unit apartment...
The $48353 million CMBS loan against the Destiny USA shopping mall in Syracuse, NY, is being offered for sale Potentially complicating the offering is the $25698 million of bonds issued under a PILOT program that also encumber the property and take...
The downtown Seattle office sector has overtaken San Francisco as the worst in the country, in terms of vacancy That could pose a risk for CMBS loans that are coming due or have matured and remain...
Commercial Real Estate Direct Staff Report The national industrial sector recorded 2498 million square feet of leasing activity in the first quarter, up 14% from a year ago, putting the sector on track for a record year of leasing, according to CBRE...
Multi-Housing News JPL Development has lined up $395 million of Freddie Mac financing against Edison at Woodbury, a 207-unit apartment property in Woodbury, Minn, an eastern suburb of Minneapolis Gantry arranged the 10-year loan It pays a fixed rate...
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.
