Commercial Real Estate Direct Staff Report The 31 apartment properties with 3,505 units in New York City that back a troubled $5063 million CMBS loan continue to face challenges, with expenses growing at a far faster clip than revenue The...
South Florida Business Journal CIM Real Estate Credit has filed a foreclosure suit against the owner of the Goodtime Hotel in Miami Beach, Fla The 266-room property, at 601 Washington Ave, serves as collateral for a $164 million mortgage that the...
Commercial Real Estate Direct Staff Report Washington Federal Bank has provided $88 million of financing for the construction of the 360-unit Leeway apartment property in the northern Seattle suburb of Shoreline, Wash JLL Capital Markets arranged...
The CMBS trusts that hold a $167 million loan against the fee interest in, or ground beneath, the 11 million-sf office building at 300 South Riverside Plaza in Chicago have filed to take the asset through foreclosure...
Crain’s Chicago Business Wintrust Bank has provided $83 million of financing for the development of the 388-unit apartment property at 1010 South Wells St in Chicago’s South Loop neighborhood CMK Cos is developing the complex within the...
Axonic Capital has provided $50 million of senior mortgage financing against the 245,000-square-foot Merchants Exchange Building in the heart of San Francisco’s financial district The loan has a three-year term but comes with two one-year...
Commercial Observer Citibank has provided $285 million of mortgage financing against the 50,159 square feet of retail space at the base of the apartment property at 484-526 Myrtle Ave in the Clinton Hill section of Brooklyn, NY The loan requires...
Commercial Real Estate Direct Staff Report The Queens Place retail property in the Elmhurst neighborhood in Queens, NY, which is encumbered by $110 million of financing, has been reappraised at a value of $90 million The circular property is owned...
Affinius Capital has provided a $300 million loan against the 495-unit apartment property at 102 Fleet St in downtown Brooklyn, NY The property is owned by the Jay Group of Brooklyn, which will use proceeds of the financing to fund construction...
Commercial Observer A venture of Kaufman Investments and Two Sigma Real Estate has paid $52 million, or $37956/sf, for the 137,000-square-foot office building at 40 West 25th St in Midtown Manhattan It acquired the property from a venture of Kaufman...
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.
