Washington Business Journal The CMBS trust that holds the $501 million loan against Worldgate Centre in Herndon, Va, has taken title to the 229,000-square-foot retail property at a foreclosure auction Five other groups competed in the auction,...
Commercial Real Estate Direct Staff Report The $5409 million CMBS loan against the 671,416-square-foot Executive Towers West office property in the Chicago suburb of Downers Grove, Ill, has transferred to special servicing as it’s expected to...
The reported dissolution of law firm Weil, Gotshal & Manges will result in a nearly 25% vacancy at the iconic General Motors Building, opposite the Plaza Hotel and Grand Army Plaza in Midtown...
Commercial Real Estate Direct Staff Report Grove City Premium Outlets in the western Pennsylvania borough of Grove City has been reappraised at a value of $1193 million, down from $1498 million a year ago and $255 million in 2015, when a $140...
Crain’s Chicago Business Amcor Holdings has paid $115 million, or $9179/sf, for the 125,285-square-foot office building at 500 Davis St in the Chicago suburb of Evanston, Ill The Westmount, Quebec, investment firm acquired the property from a...
Crain’s Chicago Business JRK Property Holdings has paid $673 million, or $343,367/unit, for the 196-unit apartment building at 1250 North LaSalle St in Chicago’s Gold Coast neighborhood The Chicago investor acquired the property from a...
The median loan-to-value ratio of mortgages against manufactured-housing properties that were securitized so far this year decreased to 582% from 596% for all of last year...
Minneapolis/St Paul Business Journal Laxmi Hotels Group has paid $5 million, or $13,889/room, for the 360-room Royal Sonesta Minneapolis Downtown hotel The Charlotte, NC, hospitality company acquired the property as part of a larger eight-property...
Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has further lowered its rating on the most senior bond class of Morgan Stanley Capital I Inc, 2019-NUGS The $2771 million transaction is backed by part of a $3277 million financing...
Commercial Property Executive Ambrose Property Group has broken ground on a 107-million-square-foot industrial property within Columbus Logistics Park – West, a 169-acre industrial development in West Jefferson, Ohio, about 20 miles west of...
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