The volume of CMBS loans that are more than 30 days late with their payments declined in February by 518% from January, to $4276 billion, marking the largest percentage drop in CMBS delinquency since 2022 The driver: office and retail loan...
Commercial Real Estate Direct Staff Report The venture that owns One New York Plaza in Lower Manhattan paid down the 27 million-square-foot office property’s CMBS loan by $25 million, to $810 million, in order to win a two-year term extension...
Commercial Real Estate Direct Staff Report The appraised value of the 154,944-square-foot Pearlridge Uptown II shopping center near the Pearl Harbor Naval Station on Oahu, Hawaii, has been slashed as it faces a number of near-term lease rollovers In...
An affiliate of Richemont Americas, whose Van Cleef & Arpels luxury jewelry retail operation occupies 690 Madison Ave on Manhattan’s Upper East Side, has purchased the five-story building for $545 million, or $6,943/sf The Swiss company...
Houston Business Journal First Community Credit Union has bought the 470,623-square-foot office building at 1002 Noble Energy Way in Houston The locally based credit union purchased the 20-story property, formerly known as Noble Energy Center Two,...
Commercial Property Executive Walmart has paid $1115 million, or $21992/sf, for Burke Sycamore Business Park, a 507,000-square-foot industrial property in Riverside, Calif, within the state’s Inland Empire region The retail giant acquired the...
The CMBS trust that holds what is now a $7369 million mortgage against the Oaks Mall in Gainesville, Fla, has taken title to the property, which has been reappraised at a value of $76...
Silicon Valley Business Journal Equinix has paid $51 million, or $204/sf, for a six-building office portfolio totaling 250,000 square feet in San Jose, Calif The data center developer and operator acquired the properties, at 6800 Santa Teresa Blvd,...
Commercial Real Estate Direct Staff Report The venture that owns the 11 million-square-foot Factory office property in Queens, NY, injected $187 million of fresh equity in order to win a two-year term extension of the property’s $300 million...
Commercial Observer Witnick Real Estate Partners has paid $225 million, or $424,528/unit, for the Henson, a three-building apartment property with 53 units on Manhattan’s Upper West Side The New York investor acquired the property from...
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