Commercial Real Estate Direct Staff Report The volume of multifamily loans in special servicing should plunge this month as the $5395 million senior mortgage against the Yorkshire & Lexington Towers apartment buildings, with a total of 808 units...
Washington Business Journal An affiliate of DSF Group has paid $2163 million, or $337,696/unit, for Shenandoah Crossing, a 640-unit apartment complex in Fairfax, Va The Boston investor purchased the garden-style property from AIR Communities of...
Commercial Real Estate Direct Staff Report Ashford Hospitality Trust Inc has sold the 254-room Hilton Garden Inn Austin Downtown hotel for $2685 million, or $105,709/room The Dallas REIT sold the 41-year-old property, at 500 North Interstate 35, to...
Commercial Observer Google has renewed its lease for 410,556 square feet at the 482,633-sf 315 Hudson St office building in Lower Manhattan’s Hudson Square area The tech company initially leased space at the nine-story building in 2018 and...
The 171,395-square-foot office building at 200 West 57th St, two blocks south of Central Park in Midtown Manhattan, has seen a sharp decline in cash flow over the years, to the point where it's no longer sufficient to fully service its $115 million...
Commercial Real Estate Direct Staff Report The $290 million mortgage against the 839,712-square-foot office building at 26 Broadway in Lower Manhattan has transferred to special servicing because it’s expected to default The transfer to...
New York Business Journal McDermott Will & Schulte has signed a lease for 150,000 square feet of office space at 343 Madison Ave in Manhattan The law firm will occupy seven floors at the 930,000-sf building, which is currently being built by...
Albany Business Journal KeyBank has provided $3265 million of construction financing for the Maple Commons mixed-use project in Wilton, NY A venture led by Paulsen Development and OrthoNY’s Lenny Goldstock is building the 194,100-square-foot...
A total of $187 billion of CMBS loans against Philadelphia office buildings are delinquent Six of the collateral buildings, which back $52518 million of financing, are or soon will be in...
Commercial Real Estate Direct Staff Report Clipper Realty Inc expects to turn over the 12-story mixed-use building at 250 Livingston St in Brooklyn, NY, to its lender Last September, the New York REIT stopped making debt-service payments on the...
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.
