A total of 42 domestic, private-label CMBS deals with a balance of $3274 billion were issued during the first quarter, marking the second busiest first quarter since just before the Global Financial...
Commercial Real Estate Direct Staff Report Deutsche Bank has filed a foreclosure suit against the owner of the 500,000-square-foot Kaufman Astoria Studios Campus in Queens, NY The bank provided $340 million of mortgage financing to fund the...
Crain’s Chicago Business Braemar Hotels & Resorts is offering for sale Sofitel Chicago Magnificent Mile, a 415-unit hotel in the city’s Gold Coast neighborhood The Dallas REIT, formerly known as Ashford Hospitality Prime Inc, hired...
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...
Crain’s Chicago Business Ante has paid $21 million, or $355,932/unit, for the 59-unit Portrait Apartments in the Uptown neighborhood of Chicago The family office of Giannis Antetokounmpo, who is a member of the Milwaukee Bucks professional...
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...
REJournalscom Founders Properties has paid $264 million, or $15561/sf, for Gateway I & II, a 169,656-square-foot industrial property in the Minneapolis suburb of Eagan, Minn The Eden Prairie, Minn, investment manager acquired the property, at...
REBusiness Online A venture of SparrowHawk and Almanac Realty Investors has paid $285 million, or $7768/sf, for Premier 370 DC II, a 366,900-square-foot industrial property in St Peters, Mo, a northwestern suburb of St Louis SparrowHawk, of Houston,...
Crain’s Chicago Business A venture of Eastham Capital and Bender Cos has paid $24 million, or $142,857/unit, for Flats at Gladstone, a 168-unit apartment property in the Chicago suburb of Glendale Heights, Ill Eastham, of Boca Raton, Fla, and...
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...
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