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...
Commercial Observer Alternative investment management firm 26 North has signed a 13-year lease for 84,000 square feet of office space at 40 West 57th St in Manhattan It will occupy four full floors at the property and relocate from 600 Madison Ave,...
Austin Business Journal Allen Control Systems has signed a lease for 192,000 square feet at 15700 Long Vista Drive in Austin, Texas The defense technology company will use the property as a manufacturing hub for its Bullfrog autonomous counter-drone...
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...
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