CMBS lenders appear to have remained relatively conservative in their lending practices so far this year One large multifamily loan skewed the data in a positive way...
South Florida Business Journal Empira Group has lined up $81 million of construction financing for The Aurelian, a 160-unit apartment project that’s under construction in Coral Gables, Fla Pearlmark provided the loan, which was arranged by...
PCCP has provided $41 million of senior mortgage financing against the 125-unit Tenney North Park apartment property in the North Park area of San Diego The loan allowed developer Foulger-Pratt to retire construction financing and fund its...
BXP Inc has sold a 106% equity stake in the roughly 930,000-square-foot office building it’s constructing at 343 Madison Ave next to the Grand Central Terminal in Midtown Manhattan to AVRS Partners of New York The Boston REIT hasn’t yet...
CMBS special servicers worked out, or otherwise resolved, 47 loans with a balance of $199 billion in September That, however, wasn't enough to offset the volume of loans that transferred to special servicing during the month...
Commercial Real Estate Direct Staff Report The $7399 million CMBS loan against the Fashion Outlets of Niagara Falls has once again transferred to special servicer Midland Loan Services as it has matured and remains outstanding The loan, the last...
KPMG is in talks to lease about 250,000 square feet at the 13 million-sf office building at 300 North LaSalle St in Chicago The accounting firm would relocate from Aon Center, where it occupies about 236,000 sf under a lease that expires in 2029 The...
Crain’s Chicago Business Google plans to consolidate its Chicago workforce of more than 2,500 employees at the Thompson Center, a 12 million-square-foot office building in the city’s Loop neighborhood The tech giant will leave its...
South Florida Business Journal An affiliate of Miso Scale Diagnostics has paid $2752 million, or $32762/sf, for the 84,000-square-foot warehouse at 1114 North Congress Ave in West Palm Beach, Fla The Rockville, Md, biotechnology company acquired the...
South Florida Business Journal An affiliate of Riverside District Development has paid $2203 million, or $60588/sf, for the 36,377-square-foot retail building at 930 Lincoln Road in Miami Beach, Fla The local developer acquired the property from a...
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