Washington Business Journal An affiliate of DSF Group has paid $2163 million, or $337,696/unit, for Shenandoah Crossing, a 640-unit apartment complex in Fairfax, Va The Boston investor purchased the garden-style property from AIR Communities of...
Commercial Real Estate Direct Staff Report Ashford Hospitality Trust Inc has sold the 254-room Hilton Garden Inn Austin Downtown hotel for $2685 million, or $105,709/room The Dallas REIT sold the 41-year-old property, at 500 North Interstate 35, to...
The 171,395-square-foot office building at 200 West 57th St, two blocks south of Central Park in Midtown Manhattan, has seen a sharp decline in cash flow over the years, to the point where it's no longer sufficient to fully service its $115 million...
Commercial Real Estate Direct Staff Report The $290 million mortgage against the 839,712-square-foot office building at 26 Broadway in Lower Manhattan has transferred to special servicing because it’s expected to default The transfer to...
A total of $187 billion of CMBS loans against Philadelphia office buildings are delinquent Six of the collateral buildings, which back $52518 million of financing, are or soon will be in...
Commercial Real Estate Direct Staff Report Clipper Realty Inc expects to turn over the 12-story mixed-use building at 250 Livingston St in Brooklyn, NY, to its lender Last September, the New York REIT stopped making debt-service payments on the...
Commercial Real Estate Direct Staff Report Denver’s Wells Fargo Center office building continues to face declining occupancy, which has contributed to another drop in its appraised value The 52-story building, at 1700 North Lincoln St, was...
Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Kroll Rating Moody’s Price % Yield % Final Pricing (bp) Bnch mrk A-1 126 3000 237 AAA AAA Aaa 9999995 480601 +709 J-spread A-2 7200 3000 460 AAA AAA Aaa 10099999 48572 +77...
Commercial Real Estate Direct Staff Report Manchester Financial Group, which owns the 1,048-room Fairmont Austin hotel in Austin, Texas, tapped a reserve fund to pay some of the property’s taxes It evidently did that without consent of its...
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.
