While the overwhelming majority of CMBS shopping mall loans are performing, 59 loans with a balance of $427 billion, or just more than 8% of the total mall balance, are delinquent, according to the TreppCRE...
Multi-Housing News Abacus Capital has paid $158 million, or $336,170/unit, for the 470-unit Abbey Lane apartment property in Danbury, Conn The New York investor acquired the property from 601W Cos, also of New York, which bought it in 2019 for $124...
South Florida Business Journal McDowell Properties has bought the Nova Central Apartments, a 140-unit property in Davie, Fla, for $336 million, or $240,000/unit The Addison, Texas, company purchased the complex from Robbins Property Associates of...
Commercial Real Estate Direct Staff Report The CMBS trust that held the $105 million loan against the 80,032-square-foot Scribner Building and its neighboring Redfern Building in Midtown Manhattan suffered a $7666 million loss as a result of the...
Commercial Observer Highland Park Community Development Corp has leased the entire 289-room former Radisson Hotel at 52 William St in Manhattan’s Financial District The Brooklyn, NY, nonprofit leased the 20-story property from Slate Property...
Chicago Business Journal RJW Logistics Group has agreed to pre-lease a 12 million-square-foot building at Karis Park West, a 200-acre industrial project that’s currently under construction in Montgomery, Ill, a western suburb of Chicago The...
Milwaukee Business Journal An affiliate of Altitude Capital Partners has paid $372 million, or $180,582/unit, for Bakers Place, a 206-unit apartment property in Madison, Wis The Chicago asset manager acquired the property from its developer,...
Houston Business Journal Crescent Energy has recently signed a lease for 125,000 square feet at 609 Main at Texas office building in downtown Houston JLL brokered the lease on behalf of the locally based energy company Meanwhile, Crescent has filed...
Portland Business Journal R+L Carriers has paid $405 million, or $39598/sf, for the 102,277-square-foot industrial property at 6845 North Cutter Circle in Portland, Ore The Wilmington, Ohio, freight shipping company acquired the building from a pair...
Spending for the construction of data centers totaled $411 billion last year, up 317% from 2024 and 344% from 2020, according to the US Census Bureau However, that number understates the true scope of spending on such properties by a large...
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