State: New Mexico - NM
Sumitomo Mitsui Lends $151.45Mln for Purchase of 3 Apartments in Phoenix and Albuquerque, N.M.
Commercial Real Estate Direct Staff Report Sumitomo Mitsui Banking Corp. has provided $151.45 million of financing to facilitate Bridge Investment Group's purchase of three apartment properties with 785 units in Phoenix and Albuquerque, N.M. The financing, which matures in 2025, ...
Spinoso Named Receiver for Cottonwood Mall in Albuquerque, N.M.
Commercial Real Estate Direct Staff Report Spinoso Real Estate Group has been appointed receiver for the Cottonwood Mall in Albuquerque, N.M., which is encumbered by a $90.61 million CMBS loan. The 1.1 million-square-foot shopping mall is owned by Washington Prime ...
Kennedy Wilson-Led Group Pays $264Mln for Apartments in Idaho, Washington and New Mexico
An investment group led by Kennedy Wilson has paid $264 million for three apartment properties with 905 units in Idaho, Washington and New Mexico. The Beverly Hills, Calif., investment manager owns a 50 percent stake in the group, which had ...
a portfolio of five hotels totaling 603 rooms in Texas and New Mexico
MCR Hotels has bought a portfolio of five hotels totaling 603 rooms in Texas and New Mexico from ICON Lodging. The purchase price was not disclosed. Marcus & Millichap brokered the deal. Four of the properties are in Texas, and ...
Hotel Portfolio in Texas, New Mexico Trades Hands
Dallas Business Journal MCR Hotels has bought a portfolio of five hotels totaling 603 rooms in Texas and New Mexico from ICON Lodging. The purchase price was not disclosed. Marcus & Millichap brokered the deal. Four of the properties are ...
Logistics Company to Lease 150,000-SF Industrial Property in Albuquerque, N.M.
Albuquerque Journal Schenker has agreed to fully lease the 150,000-square-foot industrial property that is being built at 7200 Bluewater Road NW in Albuquerque, N.M. The logistics company will take its space once the property is completed in the second quarter. ...
Ashford Negotiates Forbearance for Loan on N.M. Hotel
Commercial Real Estate Direct Staff Report Ashford Hospitality Trust Inc. has negotiated an agreement that allows it to tap into a reserve account to cover its debt-service obligations and operating expenses at the 157-room La Posada de Santa Fe hotel ...
Namdar Buys New Mexico Mall for $19.8Mln, Spells $37.8Mln Loss to CMBS Deal
The Mesilla Valley Mall in Las Cruces, N.M., has been sold for $19.8 million to Namdar Realty Group, making it the first property in New Mexico for the Great Neck, N.Y., mall owner. The sale resulted in a $37.8 million ...
CMBS Special Servicer Offers for Sale Mesilla Valley Mall in Las Cruces, N.M.
Mesilla Valley Mall, a 607,086-square-foot enclosed retail center in Las Cruces, N.M., soon will be offered for sale. The property, which was 92 percent occupied at the end of last November, is one of 13 assets remaining in the collateral ...
176-Unit Apartment Property in Carlsbad, N.M., Sold
Dallas CityBizList Avalon at Carlsbad, a 176-unit apartment property in Carlsbad, N.M., has been sold. Marcus & Millichap arranged the sale of the complex, at 1907 San Jose Blvd., on behalf of the buyer and seller, which were not identified. ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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