Commercial Real Estate Direct Staff Report The Salina Meadows Office Park in Syracuse, N.Y., which was purchased only two years ago for $37.5 million, has been appraised at a value of only $12.3 million. The 237,496-square-foot office property...
San Francisco Chronicle Gemdale USA is offering for sale the 387,599-square-foot office building at 350 Bush St. in San Francisco. The Pasadena, Calif., developer has hired Eastdil Secured to market the property, which is encumbered by $185 million...
Class Amt $mln Sub Level % Avg Life (yrs) Rating S&P Rating Fitch Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 7.00 30.00 2.65 AAA AAA AAA 99.998 5.568 +87 J-spread A-2 15.00...
Commercial Real Estate Direct Staff Report Solomon Pond Mall in Marlborough, Mass., has been appraised at a value of only $29.7 million, roughly one-third of the amount of debt the shopping center carries. The retail property is owned...
Commercial Real Estate Direct Staff Report Hudson Pacific Properties is planning to sell three of its office properties as part of its continuing effort to reduce its leverage levels. The Los Angeles REIT, which has a portfolio of...
Commercial Real Estate Direct Staff Report Cushman & Wakefield has arranged $34 million of mortgage and preferred equity financing to facilitate the purchase of Northsight Corporate Center, a 136,682-square-foot office property in Scottsdale, Ariz. Vertical Ventures of Walnut...
The Real Deal DivcoWest has paid $122 million, or $570,093/unit, for Reveal Playa Vista, a 214-unit apartment property in Los Angeles. The San Francisco company purchased the property from Clarion Partners of New York, which had bought it...
Jacksonville Business Journal A venture of Redfearn Capital and TPG Angelo Gordon has paid $47.8 million, or about $125.59/sf, for a 380,589-square-foot industrial portfolio in Jacksonville, Fla. A venture of Somerset Properties and CenterSquare Investment Management sold the...
San Francisco Chronicle Google is not planning to renew its 342,211-square-foot office lease at One Market Plaza, a 1.58 million-sf property in San Francisco. The tech giant has been at the property since 2018, but will vacate once...
BisNow Equity Residential has paid $62.6 million, or $391,250/unit, for the 160-unit Helix Apartments in the Boston suburb of Weymouth, Mass. The Chicago REIT bought the property, at 655 Washington St., from Trinity Green Development of Milton, Mass....
Commercial Real Estate Direct Staff Report Pacific Urban Investors has paid $117 million, or $278,571/unit, for the Viridian, a 420-unit apartment community in Greenwood Village, Colo. The Palo Alto, Calif., investment manager purchased the property from an affiliate...
Commercial Real Estate Direct Staff Report The 82,350-square-foot mixed-use property at 20 West 37th St. in Manhattan has had its appraised value slashed by 42 percent to $20.3 million. The 12-story property, with office and retail space, is...
Commercial Real Estate Direct Staff Report The $192.07 million CMBS loan against the Tucson Mall in Tucson, Ariz., has transferred to special servicer Wells Fargo Bank as it's expected to default at its maturity next month. The collateral...
Commercial Real Estate Direct Staff Report Berkadia has arranged $82.45 million of financing against Clarendale Clayton, a 283-unit seniors-housing property in Clayton, Mo. The loan pays a floating coupon. It allowed the owners of the property, Harrison Street...
Commercial Real Estate Direct Staff Report S3 Capital has provided $64 million of financing for the construction of a proposed 125-unit residential condominium property at 138-28 Northern Blvd. in the Flushing section of Queens, N.Y. The property is...
Dallas Business Journal Pinnacle Bank has taken through foreclosure Burnett Plaza, a 1.03 million-square-foot office building in Fort Worth, Texas. No one placed a bid on the 40-story property at a foreclosure auction that was held yesterday. The bank...
JLL has arranged 53,896 square feet of leases at 1450 Broadway, a 439,786-sf office property in midtown Manhattan. The property, owned by ZG Capital Partners, an affiliate of Zar Group of New York, was 76 percent occupied as...
KBS Growth & Income REIT Inc., which last year formally adopted a plan of liquidation, has struck a deal to sell another of its properties: the 203,284-square-foot Offices at Greenhouse in Houston's Energy Corridor. The company agreed to...
The Real Deal Trident Pacific Real Estate Group is offering for sale the Gas Co. Tower, a 1.38 million-square-foot office property in Los Angeles. The court appointed receiver has hired JLL to market the property. Trident was named...
Commercial Real Estate Direct Staff Report Horizon Group Properties Inc. has acquired a 71.75 percent stake in the Outlets at the Dells, a 260,273-square-foot retail property within the Wisconsin Dells waterpark complex in southcentral Wisconsin. The Muskegon, Mich.,...
The Real Deal NH Hotel Group is offering for sale the NH Collection New York Madison Avenue hotel, a 288-room property at 22 East 38th St. in Manhattan's Murray Hill. The Spanish company, which more than a decade...
Commercial Real Estate Direct Staff Report Braemer Hotels & Resorts Inc. has adopted a plan to pay down all its debt that's maturing this year. It also has agreed to sell its 394-room Hilton La Jolla Torrey Pines...
Commercial Real Estate Direct Staff Report First Citizens Bank has provided $33 million of financing to facilitate the purchase of Inspira Arrowhead, a 165-unit seniors-housing property in Glendale, Ariz. A venture of Fortress Investment Group of New York...
REBusiness Online Aker Cos. has paid $102.5 million, or $438,034/unit, for Abbot Mill, a 234-unit apartment property in Westford, Mass. The Beacon, N.Y., apartment owner bought the property, at 1 Pleasant St., from a local developer in a...
Commercial Real Estate Direct Staff Report Dalfen Industrial has acquired the 340,080-square-foot industrial property at 4982 Hallmark Parkway in San Bernardino, Calif. The Dallas company purchased the property from Bixby Land Co. in a deal brokered by JLL...
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