General News

Michael Britvan, a loan-sales specialist who had been with Mission Capital Advisors for nearly 12 years, has moved to Hodges Ward Elliott, where he was named managing director and will lead the brokerage company's loan-sales efforts. During his tenure with...

Ares Management Corp. has provided $147.7 million to fund the $159.6 million purchase of a 10-property office portfolio in Northern New Jersey by a venture of Onyx Equities, Taconic Capital Partners, Axonic Capital and Machine Investment Group. The venture bought the...

Commercial Real Estate Direct Staff Report Park Plaza Mall in Little Rock, Ark., has been appraised at a value of only $33.1 million, down significantly from the $142 million appraised value given to it just nine years ago. A 283,326-square-foot...

Condor Hospitality Trust Inc., which more than a year ago had agreed to be acquired by NexPoint Hospitality Trust, said it has terminated the deal because its suitor had failed to complete its purchase. Condor, a Norfolk, Neb., company formerly...

Commercial Real Estate Direct Staff Report The $190 million CMBS loan against the White Marsh Mall in Baltimore has transferred to special servicer Rialto Capital Advisors because it's expected to default. An $80 million piece of the loan that's in...

Crain's New York Business Botanic Properties, which is backed by Carlyle Group, has paid $40 million, or $540.54/sf, for 24-02 Queens Plaza South, a 74,000-square-foot property in the Long Island City area of Queens, N.Y., that's leased to Apex Technical...

Occupancy rates for U.S. hotels fell to 48.5 percent for the week ending Sept. 12 from 49.4 percent the previous week, according to the latest data from STR. Hotels nationwide sold 17.7 million total room nights, down from the 18 million...

The Real Deal Greystone Development is offering for sale 223 Park Slope, a 63-unit apartment property in Brooklyn, N.Y. The New York company wants to sell the 13-story building for about $45 million, or $714,286/unit. The property, at 223 Fourth...

South Florida Business Journal Cardone Capital has bought the 533-unit Port Royale Apartments in Fort Lauderdale, Fla. The Aventua, Fla., company tapped the crowdfunding market to help finance the purchase, raising $50 million. It also obtained a $79.24 million mortgage...

A venture of Nightingale Properties and Wafra Capital Partners is seeking an $860 million loan against the 1.1 million-square-foot office building at 111 Wall St. in Manhattan. It has hired NKF Capital Markets to arrange the loan, which the venture...