Commercial Real Estate Direct Staff Report Tanger Inc, which last year purchased the former Legends Outlets in Kansas City, Kan, expects to pay off the retail property’s $115 million CMBS loan next month, when it becomes open to prepayment The...
Commercial Real Estate Direct Staff Report The venture that owns the Prince Building in Manhattan’s SoHo area has lined up $216 million of financing, allowing it to retire a $200 million CMBS loan that became delinquent earlier this year The...
New York Business Journal Oppenheimer Holdings Inc has leased 220,000 square feet of office space at 32 Old Slip in Lower Manhattan for its new headquarters The New York investment banking and wealth-management firm will occupy six full floors at...
Boston Business Journal Westborough Shopping Center, a 356,957-square-foot retail property in Westborough, Mass, is being offered for sale at a foreclosure auction next month Paul E Saperstein Co has scheduled the auction for Dec 8 The property...
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...
New York Business Journal Atlas Capital Group has paid $143 million, or about $558,594/unit, for the 256-unit apartment property at 360 West 43rd St in Manhattan’s Hell’s Kitchen neighborhood The local real estate firm acquired the...
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 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.
