CBL & Associates Properties Inc is in talks to turn its Parkdale Mall and Crossing retail properties in Beaumont, Texas, over to its CMBS lender, which holds a $4755 million loan against them...
Washington Business Journal KBS REIT III is offering for sale 3001 and 3003 Washington Blvd, a pair of office buildings totaling 305,890 square feet in Arlington, Va The Newport Beach, Calif, REIT has tapped Newmark to market the buildings, about...
Commercial Real Estate Direct Staff Report The $13598 million CMBS loan against the Poughkeepsie Galleria shopping mall in suburban New York has once again transferred to special servicing It marks the second time the loan has been in special...
Crain’s Chicago Business RIG Capital has paid $167 million, or $149,775/unit, for the 1,115-unit Pavilion Apartments in Chicago, near O’Hare International Airport The local investment firm acquired the property, at 5441 North East River...
Crain’s Chicago Business A group led by investor Prakash Patel has paid $29 million, or $124,463/room, for the 233-room Homewood Suites hotel in downtown Chicago Patel acquired the property, at 40 East Grand Ave, from Brookfield The hotel was...
Philadelphia Business Journal A venture of Finmarc Management and KPR Centers is offering for sale Providence Town Center, a 760,000‑square‑foot shopping center in Collegeville, Pa CBRE has the listing for the retail property, which sits on an...
Nashville Business Journal Cushman & Wakefield has been tapped to market for sale the Radius Building, a 265,000‑square‑foot office property in Nashville, Tenn Rubicon Equities owns the 10-story building at 601 11th Ave North in the...
Dallas Business Journal An affiliate of Malouf Interests Inc has listed the 330,000‑square‑foot Lake Highlands Tower in Dallas for sale The Dallas real estate investment and development firm has tapped Younger Partners to market the 15‑story...
Vedder has agreed to extend its office lease for 163,000 square feet at 222 North LaSalle St in Chicago through 2041 The law firm has been housing its headquarters at the 1 million-sf property since 1988 Henry Crown & Co of Chicago owns the...
Commercial Real Estate Direct Staff Report The Hagerstown Premium Outlets retail property in the Maryland panhandle has had its appraised value reduced for the fourth time since its CMBS loan got into hot water in 2020 The 484,994-square-foot retail...
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.
