New York City Mayor Zohran Mamdani is proposing an increase in property taxes in the five boroughs to help address a $54 billion gap in the city’s preliminary $127 billion budget In an address at City Hall, the first-time mayor noted he had a...
KKR Real Estate Finance Trust Inc has set a goal of cleaning up its portfolio this year by sharply reducing its real estate-owned assets It also plans to reduce its exposure to loans it has on its...
Commercial Real Estate Direct Staff Report Last year, Colorado House Bill 25-1090: Protections Against Deceptive Pricing Practices, was signed into law The legislation, which went into effect at the start of January, requires businesses to present...
Commercial Real Estate Direct Staff Report A Brookfield Asset Management investment fund has agreed to buy Peakstone Realty Trust, giving it a toehold in the industrial outdoor storage sector The fund, Brookfield Strategic Real Estate Partners V LP,...
Camden Property Trust has placed 11 apartment properties with 3,609 units it owns in California on the sales block and expects to generate $15 billion to $2 billion of proceeds It would redeploy most of the proceeds into properties in the...
Simon Property Group has reclassified its Sunvalley Shopping Center in the San Francisco Bay Area city of Concord, Calif, in a move that could mean the company is willing to give up on the 141 million-square-foot shopping...
Simon Property Group, which owns 178 mall and outlet properties, was quite busy last year addressing debt maturities, completing $9 billion of deals, including $7 billion of mortgage refinancings and...
Commercial Real Estate Direct Staff Report The New York City Council failed to muster the votes needed to override former Mayor Eric Adams’ veto of the New York Community Opportunity to Purchase Act, or COPA, that would have given nonprofit...
Commercial Real Estate Direct Staff Report BXP Inc has sold $11 billion of its properties, putting it nearly 60% of the way to its $19 billion target The Boston REIT, the former Boston Properties Inc, set its disposition plans in motion last year,...
Commercial Real Estate Direct Staff Report BXP Inc is in talks with a prospective tenant that would take roughly 150,000 square feet, or about 16%, of the 930,000-sf 343 Madison Ave office building the REIT is constructing across from Grand Central...
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.
