The Chapter 7 bankruptcy of Sonder Holdings Inc, a provider of short-term apartment rentals, is creating idiosyncratic distress among a number of properties financed through the CMBS market that were reliant on the company's...
Commercial Property Executive GI Partners has paid $750 million for the 30-megawatt Skybox Chicago I Data Center in the Chicago suburb of Elk Grove Village, Ill The San Francisco investment firm acquired the property, at 800 East Devon Ave, from HMC...
Crain’s Chicago Business Prologis has broken ground on a 1 million-square-foot industrial property within Prologis Park 80 in Minooka, Ill The San Francisco developer is building the property at intersection of McLinden and East Minooka roads,...
The Real Deal Thor Equities has paid $52 million, or $7587/sf, for 68,536 square feet of commercial space at the Palmer House in Chicago, three years after losing the property to foreclosure The New York investment firm acquired the space from LNR...
Denver Business Journal Brookfield Properties has paid $40 million, or about $333,333/unit, for The Villas, a 120-unit apartment community in Denver’s Globeville neighborhood The New York investment firm acquired the five-building complex from...
Crain’s Chicago Business Digital Realty Trust has paid about $82 million, or $16907/sf, for a 485,000-square-foot office building at 3800 Golf Road in Rolling Meadows, Ill, about 25 miles northwest of Chicago The Austin, Texas, data-center...
The Real Deal RPM Living has paid $99 million, or $443,946/unit, for One Six Six, a 223-unit apartment property in Chicago The Austin, Texas, apartment investor purchased the property from its developer, Greystar of Charleston, SC JLL brokered the...
Commercial Real Estate Direct Staff Report The two northern New Jersey office buildings backing what is now a $5089 million CMBS loan that has been delinquent since March have been reappraised at a value of only $197 million The latest appraised...
Two more CMBS loans against Houston-area apartment properties have transferred to special servicing in recent weeks, increasing the volume of troubled loans against properties in the area to $35891 million, according to the TreppCRE...
The volume of CMBS loans that are more than 30 days with their payments declined by $72 million last month, meaning it stayed relatively unchanged at $4742 billion...
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