Phoenix Multifamily Vacancy Rate Improves, Rents Rise
April 19, 2024
Nashville-Area Retail Property Sells for $34.5Mln
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144-Unit Apartment Property Opens in Arlington, Va.
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Commercial Real Estate Direct Staff Report The $76.6 million CMBS loan against Commerce Corporate Plaza, a 746,052-square-foot office building in Albany, N.Y., matured earlier this month without being paid off. But servicer notes indicate the loan's likely to get repaid, ...
CBL & Associates Properties Inc. plans to dispose of 21 malls with a combined value of up to $1.25 billion. The Chattanooga, Tenn., REIT also wants to restructure the debt on another five malls on which it owes a combined ...
Commercial Real Estate Direct Staff Report A $63.7 million CMBS loan against a portfolio of nine Fairfield Inn by Marriott hotels with 1,007 rooms in New England and upstate New York has transferred to special servicing because it's expected to ...
A $130.4 million CMBS loan against the Connecticut Financial Center, a 466,049-square-foot office building in New Haven, Conn., was transferred to special servicing because it's expected to default. The building, which was better than 92 percent leased last year, is ...
Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes Wachovia Bank Commercial Mortgage ...
Rockrose Development Corp.'s agreement to buy Manhattan's 575 Lexington Ave. from a venture of the California State Teachers' Retirement System and Larry Silverstein has fallen apart, according to a report in Crain's New York Business. The publication said the deal ...
Commercial Real Estate Direct Staff Report The team of the California State Teachers' Retirement System and Silverstein Properties, which owns 575 Lexington Ave. in midtown Manhattan, paid down the property's $320.6 million of CMBS debt by $75 million, helping facilitate ...
The $320.6 million of securitized debt against 575 Lexington Ave., a 637,685-square-foot office building in midtown Manhattan, has been modified, staving off a foreclosure. The deal might also pave the way for a sale of the 35-story building.
South Florida Business Journal An affiliate of Investcorp International of New York has modified its $50 million of securitized debt against the 279-room Palm Beach Gardens Marriott hotel in Palm Beach Gardens, Fla. It paid down the property's debt by ...
Commercial Real Estate Direct Staff ReportA venture led by Treeline Cos. wants to negotiate new terms for an $87 million loan against Franklin Avenue Plaza, a 517,127-square-foot office complex in Garden City, N.Y.The loan, securitized through Banc of America Commercial ...
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© 2023 Commercial Real Estate Direct All rights reserved..