The Real Deal Extell Development has acquired the development site at 405-417 Park Ave, between 54th and 55th streets, in Midtown Manhattan for $500 million The New York developer purchased the site from a venture between GDS Development and Swedish...
San Antonio Business Journal Rio Capital Investments has lined up $378 million of financing for its purchase of The Legacy, a 353,000‑square‑foot mixed-use property in San Antonio Nassau CorAmerica provided the loan, which was arranged by CBRE...
Citybiz PlaceMKR has purchased the 612,000‑square‑foot Rankin Yards industrial complex in Houston The Austin, Texas, real estate investment and development firm bought it from one of its tenants, Wellbore Integrity Solutions, which will remain...
Tampa Bay Business Journal OTO Development has paid $315 million, or $308,824/room, for the 102-room Beachcomber Beach Resort in St Pete Beach, Fla The Spartanburg, SC, hotel owner and operator purchased the property from Gencom of Miami, which had...
Commercial Real Estate Direct Staff Report The owner of Chicago’s 278 million-square-foot Aon Center office property is looking to negotiate a term extension of the property’s $536 million senior mortgage The loan, which is senior to...
Last month, $183 billion of CMBS loans transferred to special servicing, according to Trepp Inc That was the smallest volume of transfers since the end of last year But special servicers didn't keep pace in their workouts, as $12 billion of loans...
Washington Business Journal Crown Properties has paid $28 million, or $14508/sf, for Monument III, a 193,000‑square‑foot office building in Herndon, Va The New York investor purchased the 13‑story property from Santander Bank, which took...
Baltimore Business Journal Macerich Co has acquired the 15 million‑square‑foot Annapolis Mall in Annapolis, Md, for $260 million, or $17333/sf The Santa Monica, Calif, REIT bought the enclosed mall from a venture led by Centennial, a unit of...
Commercial Real Estate Direct Staff Report The commercial real estate market is enjoying a period of substantial lender liquidity Properties that have been stabilized will generally be able to get financing and often will find offers from a number...
The Real Deal RPM Living has paid $1514 million, or $398,421/unit, for Biscayne Shores, a 380‑unit residential complex in Miami The Austin, Texas, multifamily investor acquired the property from a venture of Integra Investments, Korgeous Group,...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
