Commercial Real Estate Direct Staff Report The $5409 million CMBS loan against the 671,416-square-foot Executive Towers West office property in the Chicago suburb of Downers Grove, Ill, has transferred to special servicing as it’s expected to...
The reported dissolution of law firm Weil, Gotshal & Manges will result in a nearly 25% vacancy at the iconic General Motors Building, opposite the Plaza Hotel and Grand Army Plaza in Midtown...
Commercial Real Estate Direct Staff Report Grove City Premium Outlets in the western Pennsylvania borough of Grove City has been reappraised at a value of $1193 million, down from $1498 million a year ago and $255 million in 2015, when a $140...
The Real Deal David Werner is said to be buying the 49% stake in the 103 million-square-foot 605 Third Ave office building in Midtown Manhattan from JPMorgan Asset Management, which offered the stake through Newmark The remaining stake in the...
The median loan-to-value ratio of mortgages against manufactured-housing properties that were securitized so far this year decreased to 582% from 596% for all of last year...
Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has further lowered its rating on the most senior bond class of Morgan Stanley Capital I Inc, 2019-NUGS The $2771 million transaction is backed by part of a $3277 million financing...
New York Business Journal Harlem Children’s Zone has paid $342 million, or $743,478/unit, for The Armstrong, a 46-unit residential condominium property in Upper Manhattan The nonprofit acquired the building from an affiliate of Arena...
Commercial Real Estate Direct Staff Report Despite two years of elevated rates, most lender types posted modest growth in outstanding balances during the second quarter Banks expanded at a steady pace, but the government-sponsored enterprises (GSEs)...
Commercial Real Estate Direct Staff Report A total of $224 billion in securitized seniors-housing debt is scheduled to reach hard maturity between next month and December 2027 A hard maturity represents a loan with no remaining contractual extension...
Commercial Observer Colorado Federal Bank has provided $23 million of construction financing for the conversion of a former event venue in Brooklyn, NY, into a 60-unit apartment property Double U Development is developing the eight-story project at...
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.
