Just more than $3 billion of CMBS loans transferred to special servicers last month That's 14% more than the average that has transferred monthly over the previous 12 months But special servicers worked out, or otherwise resolved, $135 billion of...
Crain’s Chicago Business An affiliate of Community America Credit Union has filed a $236 million foreclosure lawsuit against the owner of the 11 million square-foot office property at 35 West Wacker Drive in downtown Chicago The credit union...
Commercial Real Estate Direct Staff Report Freddie Mac funded $16 billion of multifamily loans during the third quarter, down 36% from the $25 billion it funded a year ago and 11% from the $18 billion it funded in the second quarter The...
Bisnow A venture of CP Group, The Georgetown Co, Acre, and StepStone has acquired Mizner Park, an 838,000-square-foot mixed-use property in downtown Boca Raton, Fla The buyers acquired the 30-acre complex from an affiliate of BGRE, formerly...
Washington Business Journal JBG Smith Properties has sold a 90% interest in 800 North Glebe Road in the Washington, DC, suburb of Arlington, Va, in a deal that values the 306,200-square-foot office building at $79 million The buyer of the stake was...
Commercial Real Estate Direct Staff Report The $325 million mortgage against the Fresno Fashion Fair shopping mall in the California Central Valley city of Fresno is now in default The loan, scattered among six CMBS conduit transactions, matured...
Commercial Real Estate Direct Staff Report The long-troubled $3791 million CMBS loan against a portfolio of nine Seattle office buildings with 164 million square feet owned by Martin Selig Real Estate has been modified, providing the developer with...
Affinius Capital has provided $1003 million of financing to fund the construction of the 326-unit Atmosphere Pittsburgh student-housing property in the city’s Oakland neighborhood The 10-story property, which will have a 672-bed capacity, is...
Oxford Properties has provided a $155 million construction loan for the first phase of Buckeye Yards, a 413-million-square-foot industrial development in Columbus, Ohio JLL Capital Markets arranged the financing on behalf of developer Xebec of...
New York Life Investment Management has provided $480 million of mortgage financing against 10 apartment properties with 2,731 units owned by Continental Properties Real Estate Development Fund II LP The loan was arranged by Walker & Dunlop It...
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.
