The Chapter 7 bankruptcy of Sonder Holdings Inc, a provider of short-term apartment rentals, is creating idiosyncratic distress among a number of properties financed through the CMBS market that were reliant on the company's...
Prime Finance has provided $63 million of mortgage financing against three apartment properties with 94 units in Manhattan’s Chelsea neighborhood that are owned by Slate Property Group The loan, arranged by Arrow Real Estate Advisors of New...
Berkadia has provided $3855 million of Freddie Mac mortgage financing against the 306-unit Tennis Towers Apartments in West Palm Beach, Fla The loan has a seven-year term and requires only interest payments for its first four years It then amortizes...
Dwight Investment Management, the investment management arm of Dwight Capital, has funded a $115 million bridge loan against the recently completed Seventeen Hundred apartment property in Charlotte, NC The 295-unit property, at 1755 Lombardy Circle,...
Commercial Observer A venture of Saber-Hightower and Granoff Real Estate has lined up $755 million of construction financing for the conversion of two office buildings in Norwalk, Conn, into the 286-unit M7 Lofts apartment property Bank OZK provided...
The country's most-active port markets this year through May processed 15% less cargo than a year ago But industrial markets near those ports continued to perform relatively...
Commercial Observer A venture of East West Partners, CBC Real Estate and Affinius Capital has lined up $141 million of financing against a 535,000-square-foot office campus in Raleigh, NC Cantor Fitzgerald provided the loan, which was arranged by...
Peachtree Group has raised $915 million through a Delaware Statutory Trust for the purchase of the 594,522-square-foot distribution facility at 122 Dorchester Village Road in Midway, Ga, which is roughly 30 minutes from Savannah, Ga The Atlanta...
Commercial Real Estate Direct Staff Report The two northern New Jersey office buildings backing what is now a $5089 million CMBS loan that has been delinquent since March have been reappraised at a value of only $197 million The latest appraised...
A venture of Rockpoint and Newbond Holdings has paid $471 million, or $334,043/room, for the 141-room Hotel Maren Fort Lauderdale, Curio Collection by Hilton The venture bought the five-year-old property, which sits on a waterfront parcel at 525...
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.
