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Commercial Real Estate Direct Staff Report The Ashford, a three-building office complex totaling 569,986 square feet in Houston's Energy Corridor, has been appraised at a value of $32.5 million. That's 40 percent of its $80.2 million appraised value set in ...
New York Post King & Spalding has signed a lease for 175,000 square feet at the 2.1 million-sf 1290 Avenue of the Americas office building in midtown Manhattan. The law firm will be moving into floors 13 through 15, where ...
Crain's New York Business A&R Kalimian Realty, which owns the Aire Apartments in the Lincoln Square section of Manhattan, is looking to sell the 310-unit property. The property is encumbered by a $193.8 million CMBS loan that had defaulted in November ...
Commercial Real Estate Direct Staff Report The $124.6 million CMBS loan against a portfolio of 22 office properties with 1.32 million square feet in Virginia's Hampton Roads area has transferred to special servicing as it's expected to default. The loan's ...
Commercial Real Estate Direct Staff Report The $193.8 million CMBS loan against The Aire, a 310-unit apartment property in the Lincoln Square section of Manhattan wasn't paid off at its November maturity. The delinquency was expected as the property, which was ...
BisNow The FDIC has terminated First Republic Bank's lease for 211,521 square feet at 410 Tenth Ave. in the Hudson Yards section of Manhattan. The bank, which had failed last May, was the second-largest tenant at the 631,944-sf office building, ...
The Real Deal Selendy Gay Elsberg, which had been subletting 101,000 square feet at 1290 Ave. of the Americas in midtown Manhattan, has signed a direct lease for the space. The law firm had been subleasing its space from another ...
Commercial Real Estate Direct Staff Report The $99 million CMBS loan against the 247,183-square-foot office building at 1140 Ave. of the Americas in midtown Manhattan could suffer a loss of 28 percent, or $27.72 million, according to analysis by Fitch ...
Philadelphia Business Journal The $37.36 million loan against the 463,988-square-foot office building at One South Broad St. in Philadelphia has been extended through September 2025. The loan, securitized through JPMorgan Chase Commercial Mortgage Securities Corp., 2012-LC9, had matured in December, ...
The luxury Mark Hotel in Manhattan's Upper East Side neighborhood has missed two payments on its senior mortgage and its mezzanine lender has now moved to take over the property through foreclosure. The property has been shuttered as a result ...
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© 2023 Commercial Real Estate Direct All rights reserved..