The Chapter 7 bankruptcy of Sonder Holdings Inc, a provider of short-term apartment rentals, is creating idiosyncratic distress among a number of properties financed through the CMBS market that were reliant on the company's...
Commercial Property Executive GI Partners has paid $750 million for the 30-megawatt Skybox Chicago I Data Center in the Chicago suburb of Elk Grove Village, Ill The San Francisco investment firm acquired the property, at 800 East Devon Ave, from HMC...
Crain’s Chicago Business Prologis has broken ground on a 1 million-square-foot industrial property within Prologis Park 80 in Minooka, Ill The San Francisco developer is building the property at intersection of McLinden and East Minooka roads,...
Prime Finance has provided $63 million of mortgage financing against three apartment properties with 94 units in Manhattan’s Chelsea neighborhood that are owned by Slate Property Group The loan, arranged by Arrow Real Estate Advisors of New...
Berkadia has provided $3855 million of Freddie Mac mortgage financing against the 306-unit Tennis Towers Apartments in West Palm Beach, Fla The loan has a seven-year term and requires only interest payments for its first four years It then amortizes...
The Real Deal Thor Equities has paid $52 million, or $7587/sf, for 68,536 square feet of commercial space at the Palmer House in Chicago, three years after losing the property to foreclosure The New York investment firm acquired the space from LNR...
Commercial Observer Alternative investment management firm 26 North has signed a 13-year lease for 84,000 square feet of office space at 40 West 57th St in Manhattan It will occupy four full floors at the property and relocate from 600 Madison Ave,...
Austin Business Journal Allen Control Systems has signed a lease for 192,000 square feet at 15700 Long Vista Drive in Austin, Texas The defense technology company will use the property as a manufacturing hub for its Bullfrog autonomous counter-drone...
Denver Business Journal Brookfield Properties has paid $40 million, or about $333,333/unit, for The Villas, a 120-unit apartment community in Denver’s Globeville neighborhood The New York investment firm acquired the five-building complex from...
Crain’s Chicago Business Digital Realty Trust has paid about $82 million, or $16907/sf, for a 485,000-square-foot office building at 3800 Golf Road in Rolling Meadows, Ill, about 25 miles northwest of Chicago The Austin, Texas, data-center...
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