Commercial Real Estate Direct Staff Report Philadelphia’s 1818 Market St office building, with 999,828 square feet, has had its appraised value reduced once again, to $158 million The 54-year-old building, which was purchased by Shorenstein...
Puget Sound Business Journal CWCapital Asset Management has hired Colliers to market for sale the 410,000-square-foot Fourth & Blanchard office property at 2101 Fourth Ave in Seattle The building is expected to sell for $29 million CWCapital is...
Commercial Real Estate Direct Staff Report The volume of CMBS loans in special servicing increased last month by 172% to $6676 billion, which amounts to 112% of the $59584 billion universe tracked by Trepp Inc That’s up from 1086% in May But...
Kathy Hochul, governor of New York, signed an executive order yesterday establishing a one-year moratorium on the development of data-center properties with power capacities of 50 megawatts or more It’s the first statewide ban to be passed in...
Philadelphia Inquirer The proposed sale of the 176 million-square-foot office building at 1500 Market St in downtown, or Center City Philadelphia, evidently has fallen apart The 37-story building, commonly referred to as Centre Square, backs a $368...
Commercial Real Estate Direct Staff Report The 278 million-square-foot Aon Center office property in Chicago has been re-appraised at a value of $195 million It marks the third time the 83-story building – the third tallest in the city after...
New York Times The 38-story office property at 235 East 42nd St in Midtown Manhattan that is undergoing a residential conversion has been evacuated as construction workers noticed cracks, as well as structural support beams beginning to buckle on...
Commercial Property Executive MCA Realty has paid $206 million, or $14896/sf, for a three-building industrial property totaling 138,296 square feet in Kent, Wash, a city that’s 14 miles south of Seattle The Santa Ana, Calif, investment firm...
Boston Business Journal A venture of Lincoln Property Co and investors advised by JPMorgan Asset Management has bought The Edge, a 962,000-square-foot office complex in Wakefield, Mass, for $61 million, or $6341/sf Hobbs Brook Real Estate of...
Commercial Observer Delshah Capital has paid $1278 million for a portfolio of three mixed-use properties in the Williamsburg section of Brooklyn, NY, in separate deals The New York real estate developer paid $458 million for 227 Grand St, which has...
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.
