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...
Ashford Hospitality Trust Inc, which started evaluating strategic alternatives late last year, has continued selling individual properties and is marketing for sale 18 hotels as it addresses its $26 billion debt...
Tampa Bay Business Journal Ram Realty Advisors has paid $131 million, or $400,612/unit, for Beacon 430, a 327-unit apartment complex in downtown St Petersburg, Fla The Palm Beach Gardens, Fla, company purchased the four-story property from Ascent...
Commercial Real Estate Direct Staff Report Multifamily construction starts increased last year to 393,000 units from the 332,000 units that were started in 2024, putting them at a level greater than the 316,000-unit annual average between 2015 and...
Commercial Real Estate Direct Staff Report Empire State Realty Trust Inc recorded 847,598 square feet of office leasing during 2025 That compares with the 127 million sf of leasing it recorded during the previous year But the New York REIT’s...
A total of $471 billion of sale-leaseback transactions were completed during the fourth quarter, according to SLB Capital Advisors That marked the busiest quarter since the first quarter of 2023, when $474 billion of deals were completed...
Commercial Real Estate Direct Staff Report Starbucks Corp, which was founded in 1971 in Seattle’s famed Pike Place Market, is expanding its office footprint—but not in its hometown Instead, the coffeehouse chain is looking for about 250,000...
Commercial Real Estate Direct Staff Report The continued weak performance of One State St in Lower Manhattan has prompted S&P Global Ratings to downgrade the five classes of a CMBS deal that holds a $945 million piece of a $360 million loan...
Bloomberg Bank of America has agreed to take occupancy of all 236 million square feet at the One Bryant Park office building in Midtown Manhattan The 51-story property was constructed in 2008 catercorner to Bryant Park on 42nd Street It is owned by...
Commercial Real Estate Direct Staff Report The $133 million CMBS loan against the 780,648-square-foot Panorama Corporate Center office property in the Denver suburb of Centennial, Colo, wasn’t paid off at its maturity last month As a result,...
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