An unusually large volume of new delinquencies in the CMBS universe last month resulted in an 801% increase in loans that are more than 30 days late to $475 billion That amounts to 786% of the $60442 billion universe tracked by Trepp...
Commercial Real Estate Direct Staff Report DiamondRock Hospitality Co is once again considering putting its 1,200-room Chicago Marriott Downtown Magnificent Mile hotel on the sales block Two years ago, the Bethesda, Md, REIT classified the property...
Multi-Housing News Commonwealth Development Partners has started work on an office-to-apartment conversion project at 500 North Michigan Ave in Chicago The Greenwich, Conn, development firm is turning the 400,000-square-foot property into 320 units...
Bloomberg Brookfield and NextEra Energy are planning a $100 billion data center at the former Paducah Gaseous Diffusion Plant in Paducah, Ky The Department of Energy selected Brookfield to lease, develop and operate the data center campus, while...
Multi-Housing News Land & Apartments has paid $70 million, or $183,727/unit, for Villages at Lake Silvercote, a 381-unit apartment property in the St Louis suburb of Wentzville, Mo The St Louis investor bought the property, at 100 Dry Brook...
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...
Crain’s Chicago Business A venture led by investor Jonathan Holtzman is offering for sale the Fisher Building, a 184-unit apartment property in Chicago The venture, which has held an ownership stake in the property since 1999, hired CBRE to...
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...
Cincinnati Business Courier Silverman & Co has broken ground on Riverstone Place, a 269-unit apartment property in Covington, Ky The Blue Ash, Ohio, developer is building the property at West 4th Street and Madison Avenue, across the Ohio River...
Commercial Property Executive A10 Capital has provided $775 million against a 1 million-square-foot building within the Turnpike Commerce Center, a 470-acre industrial development in Shalersville, Ohio, a city that’s 38 miles southeast of...
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