CMBS loans against enclosed shopping malls that were written in 2016 or before then have a 963% delinquency rate, while those written in 2017 and later have nearly zero...
Crain’s Chicago Business A venture led by investor Jonathan Holtzman is offering for sale the Fisher Building, a 184-unit apartment property in Chicago The venture, which has held an ownership stake in the property since 1999, hired CBRE to...
Puget Sound Business Journal Mesirow has paid $157 million, or $668,085/unit, for the 235-unit Island Square Apartments in Mercer Island, Wash, about five miles east of Seattle The Chicago investment manager acquired the property, at 2758 78th Ave...
Multi-Housing News Tishau Holdings Properties has paid $87 million, or $217,500/unit, for the 400-unit Mirasol Apartments in Las Vegas The Menlo Park, Calif, company acquired the property, at 2180 East Warm Springs Road, from Waterton of Chicago,...
Multi-Housing News Pacific Urban Investors has paid $112 million, or $289,406/unit, for the 387-unit A’Capella Apartments in Lynnwood, Wash, a northern suburb of Seattle The Palo Alto, Calif, investor acquired the property, at 15001 35th Ave...
Dallas Business Journal A venture of Regent Properties and a unit of Hana Financial is offering for sale three office buildings totaling 706,395 square feet at the 85-acre Legacy Central mixed-use campus in Plano, Texas JLL has been tapped to market...
The 53,617-square-foot 25 Taylor St office building in San Francisco’s Civic Center area has changed hands, resolving a distressed $1693 million CMBS loan against it The seven-story building, which also houses the Golden Gate Theater, was sold...
Phoenix Business Journal An affiliate of Baseline Partners has paid $2525 million, or $24902/sf, for Arrowhead Executive Center, a 101,397-square-foot office property in Glendale, Ariz, about 22 miles north of Phoenix The Mesa, Ariz, investment...
Phoenix Business Journal EastGroup Properties Inc has paid $276 million, or $19337/sf, for Airgate, a 142,735-square-foot industrial property in Mesa, Ariz The Ridgeland, Miss, REIT acquired the property, at 7353 East Ray Road, from MIG Real Estate...
Commercial Real Estate Direct Staff Report The $4933 million CMBS loan against the Sangertown Square Mall in the Utica, NY, suburb of New Hartford, NY, has transferred to special servicing as it approaches its extended maturity next month The loan...
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