Commercial Real Estate Direct Staff Report Xenia Hotels & Resorts Inc. has paid $170 million, or $519,878/unit, for the 327-room Park Hyatt Aviara Resort, Golf Club & Spa in Carlsbad, Calif. The Orlando, Fla., REIT bought the 21-year-old property, formerly ...
Commercial Real Estate Direct Staff Report The resolution earlier this month of the $190 million CMBS loan against One Congress St. in Boston resulted in a loss of $4.5 million. The loss was highlighted by Trepp LLC this morning. It ...
Dallas Business Journal Comerica Bank has renewed its lease for 222,000 square feet at its namesake Comerica Bank Tower in downtown Dallas. The bank's lease keeps it at the 30-year-old property at 1717 Main St. until 2028. It has had ...
Commercial Real Estate Direct Staff Report NorthMarq Capital has provided a $130.68 million Freddie Mac against three Los Angeles-area apartment properties with 654 units. The properties are owned by Advanced Real Estate Services of Irvine, Calif., which will use some ...
Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes Morgan Stanley Capital ...
Commercial Real Estate Direct Staff Report Goldman Sachs has provided $450 million of financing, including $100 million of mezzanine debt, against 485 Lexington Ave., a 921,000-square-foot office building in midtown Manhattan that's owned by SL Green Realty Corp. The investment ...
Crain's Chicago Business Law firm Sidley Austin has signed a long-term renewal of its lease for 575,000 square feet - more than two-thirds of the space - at One South Dearborn in downtown Chicago. The 841,498-square-foot office property had backed ...
JPMorgan Asset Management has provided $37 million of permanent financing against the 174,280-square-foot North County Square retail center in the San Diego suburb of Vista, Calif. The 10-year loan, arranged by HFF, allowed the property's owner, ValCenters of Newport Beach, ...
KTB Asset Management, a South Korean investment manager, has provided a $100 million floating-rate loan against the 667-room New York Marriott at the Brooklyn Bridge in downtown Brooklyn, N.Y. The five-year loan, arranged by Cushman & Wakefield Global Hospitality, was ...
NorthBridge Partners has paid $29 million, or $83.45/sf, for 192 Mansfield Ave., a 347,500-square-foot warehouse in the Boston suburb of Norton, Mass. The Boston investment manager purchased the 17-year-old property, about 37 miles southwest of downtown Boston, from a venture ...
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