Commercial Real Estate Direct Staff Report The $300 million loan against the 527,000-square-foot Santa Monica Place Mall in Santa Monica, Calif., has transferred to special servicer Argentic Services Co. as its expected to default at its upcoming maturity....
Commercial Real Estate Direct Staff Report A venture of New York Life Real Estate Investors and Bridgeton has purchased, out of foreclosure, the 78,000-square-foot office building at 410 Townsend St. in San Francisco for $22 million, or $282.05/sf....
Ease Capital has provided $32 million of financing against The Station Apartments, a 97-unit property in West New York, N.J. Maidstone Advisors of New York arranged the two-year loan, which pays only interest for the life of its...
Commercial Real Estate Direct Staff Report W.P. Carey Inc. has paid $94.1 million, or $79.08/sf, for Rickenbacker Exchange Building 2, a 1.19-million-square-foot industrial property in Commercial Point, Ohio. The New York REIT purchased the property from its developer,...
Nationwide has provided $100 million of financing against a portfolio of industrial properties totaling 824,546 square feet in South Florida. JLL Capital Markets arranged the loan on behalf of the borrower, Seagis Property Group of Conshohocken, Pa. The...
MassHousing and Rockport Mortgage Corp. have provided $94 million of financing against Westminster Village Arms, a 432-unit apartment property in Lowell, Mass., about 36 miles north of Boston. The 35-year loan was provided through MassHousing's Accelerated Processing and...
Commercial Real Estate Direct Staff Report The $120.46 million of financing against Yorktown Center, a 787,389-square-foot retail center in Lombard, Ill., has transferred to special servicer KeyBank as it was not paid off at its maturity. The transfer...
Black Lion has bought the Lincoln office and retail building, with 118,658 square feet in Miami Beach, Fla., for $62.5 million, or about $526.72/sf. The developer, with offices in Miami and Los Angeles, purchased the six-story property from...
Commercial Real Estate Direct Staff Report The 205-room Westin Portland hotel in Portland, Ore., was appraised recently at value of $33.2 million, about 34 percent less than the $50.43 million of mortgage debt against it. The latest appraisal,...
Terreno Realty Corp. has paid $84.3 million for a four-building industrial property at 6584-6674 Fleet Drive in the Washington, D.C., suburb of Alexandria, Va. The Bellevue, Wash., investor bought the 357,000-square-foot property from an undisclosed seller. The property,...
Commercial Real Estate Direct Staff Report KKR & Co. Inc. has taken control of Chevy Chase Plaza, a 161,515-square-foot office property in the Friendship Heights section of Washington, D.C., through a deed-in-lieu of foreclosure. The New York investor...
Commercial Real Estate Direct Staff Report New York Life Insurance Co. has provided $40 million of financing to facilitate Decron Properties' $69 million, or $259,398/unit, purchase of Hangar at Thunderbird, a 266-unit apartment property in Glendale, Ariz. The...
The Real Deal Barclays and PPM America have hired Newmark to market for sale the 267,641-square-foot office property at 360 Lexington Ave. in midtown Manhattan. The lenders took the property through foreclosure last year after its owner, Savanna,...
The maturity date for the $1.08 billion CMBS loan against the 1.5 million-square-foot office building at 280 Park Ave. in midtown Manhattan has been extended to September 2026, with additional options to push it to September 2028. The...
The Real Deal David Werner Real Estate has agreed to pay $115 million, or $222.55/sf, for 100 Wall St., a 516,740-square-foot office property in lower Manhattan. The New York investor is buying the 55-year-old building from Barings of...
Dallas Business Journal Burnett Plaza, the tallest office building in Fort Worth, Texas, is being offered for sale at a May 7 foreclosure auction. Pinnacle Bank had provided $13 million of financing against the 40-story building to Opal Holdings,...
Commercial Real Estate Direct Staff Report A venture of Namdar Realty Group and Mason Asset Management has paid $54 million, or $42.86/sf, for the 1.26 million-square-foot office property at 200 Public Square in Cleveland. Namdar and Mason, both...
Citi Real Estate Funding has provided $205 million of financing against the office properties at 1812 North Moore St. and 2800 Shirlington Road in Arlington, Va. It provided $173 million of financing against the 537,000-square-foot 1812 North Moore...
Commercial Real Estate Direct Staff Report The appraised value of the 359,883-square-foot office property at 600 California St. in San Francisco has been lowered to $124 million from the $183 million value pegged to it last July. The latest...
Commercial Real Estate Direct Staff Report BH Properties has acquired Olympic Block, a 74,660-square-foot office property at 101 Yesler Way in Seattle's Pioneer Square area, through foreclosure. The property is comprised of the six-story Lippy Building that was...
An affiliate of Endeavor Opportunity Fund III has bought Plaza on the Lake, a 120,789-square-foot office building in Austin, Texas. The fund, managed by Endeavor Real Estate Group of Austin, purchased the three-story property from a venture led...
TRUSOT Developments has lined up $43 million of financing for the 210-unit Solamar Apartment Homes property it constructed in the Orlando, Fla., suburb of Kissimmee, Fla. JLL Capital Markets arranged the loan on behalf of the Miami company,...
Commercial Real Estate Direct Staff Report Universal Communications Network Inc. has paid $31 million, or $361.01/sf, for the 85,869-square-foot office property at 129 West 29th St. in the Chelsea neighborhood of Manhattan. The media company, which publishes the...
Commercial Real Estate Direct Staff Report The 382,256-square-foot office property at 750 Lexington Ave. in midtown Manhattan was appraised at a value of $50 million. That's 83 percent lower than the $300 million value pegged to the building...
Commercial Real Estate Direct Staff Report Walker & Dunlop has written a $40.5 million Fannie Mae loan against the 264-unit Eagle Pointe Apartments in Albany, Ore. Gantry arranged the five-year loan, which pays a fixed coupon and doesn't...
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