Prices for Midwest apartment properties that were sold in last year's third quarter increased by 33% from the previous year, according to Northmarq The median sales price of a unit was $186,400 last year, up from $140,000 in 2024...
Commercial Real Estate Direct Staff Report Morningstar DBRS estimates that the three Club Quarters hotels in Chicago, San Francisco, and Philadelphia that back a $2407 million mortgage securitized through BX Trust, 2017-CQHP, would recover only...
The volume of CMBS loans that are more than 30 days late with their payments spiked in March by $308 billion, to $4583 billion, marking the largest one-month increase in delinquency volume since May 2023, when volumes increased by $326 billion...
Commercial Observer Madison Realty Capital has provided a $121 million of financing to fund the completion of the Southend Lofts, a 110-unit residential condominium project at 38 Jackson St in Hoboken, NJ The loan allows the property’s...
The Real Deal JPMorgan Chase Bank has provided $417 million of financing for the development of the 875,720-square-foot 570 Fifth Ave office building in Midtown Manhattan The property is being built by Extell Development of New York in partnership...
Commercial Observer A venture led by Patriot Real Estate Holdings has paid $405 million, or $81079/sf, for the 49,951-square-foot office property at 168 Canal St in Manhattan’s Chinatown area Patriot Real Estate, of Nashville, Tenn, teamed...
Commercial Observer Industrious has signed four leases totaling 124,500 square feet of office space in Manhattan The coworking company signed a lease for 43,000 sf at 110 East 42nd St, 33,000 sf at 609 Greenwich St, 24,500 sf at 156 Fifth Ave, and...
Commercial Observer Madison Realty Capital has provided a $90 million loan against the 300-unit Clifton & Co apartment property in the northeast New Jersey city of Clifton Newmark arranged the financing The three-story property, at 691 Clifton...
Manhattan had only 173 retail storefronts available at the end of last year, down from 194 a year earlier Demand has been healthiest for space in some tony...
Commercial Real Estate Direct Staff Report The $425 million CMBS loan against the 119 million-square-foot JACX office complex in Queens, NY, is unlikely to get refinanced by its September maturity As a result, the loan, securitized through BAMLL...
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.
