Nashville-Area Retail Property Sells for $34.5Mln
April 19, 2024
144-Unit Apartment Property Opens in Arlington, Va.
April 19, 2024
CenterPoint Sells 3 Ill. Industrial Buildings for $125Mln
April 19, 2024
The venture between Brookfield Corp. and Ballast Investment that bought the $451.12 million of CMBS loans against 62 apartment properties with 1,734 units in San Francisco that had been owned by Veritas Investments Inc. paid $402.21 million, or 89 percent ...
Evercore Partner Services has expanded its footprint by 95,000 square feet at Park Avenue Plaza, a 1.15 million-sf office building in Manhattan. The property, at 55 East 52nd St., is owned by a venture of Fisher Brothers and Sungate Park ...
Commercial Observer Fannie Mae will be vacating the 713,500 square feet it occupies at the Midtown Center office complex in Washington, D.C. The housing-finance agency, which was paying an average of $49.83/sf for its space, has been the 867,654-sf property's ...
Commercial Real Estate Direct Staff Report The Westfield San Francisco Centre retail-office property last month was appraised at a value of only $290 million, less than a quarter of the $1.22 billion value pegged to it in 2016 when a ...
The Real Deal Rialto Capital Advisors, special servicer for a $215 million CMBS loan against the 82,573-square-foot mixed-use property at 681 Fifth Ave. in midtown Manhattan, has filed to foreclose against it. The loan, scattered among five CMBS deals, is ...
Wanxiang America Real Estate Group, which owns Prudential Plaza in Chicago, had ponied up $40 million of fresh equity to win a two-year term extension of the $385.55 million CMBS loan against the 2.3 million-square-foot office complex.
Liquidations through November resulted in $1.12 billion of losses, for a loss severity of 54.53 percent, among the lowest severities since 2011 and is likely due to the moribund property-sales market.
Commercial mortgage origination volumes among banks declined sharply in the third quarter, resulting in the slowest rate of growth in lending since 2012.
Commercial Real Estate Direct Staff Report The market uncertainty plaguing the commercial real estate market helped drive attendance at this week's Commercial Real Estate Finance Council conference in South Miami Beach to what's believed to be record levels. The event ...
Last year's volume compares with the $11.95 billion of loans that were defeased, or had their collateral replaced with government securities, in all of 2022 and $11.1 billion in 2021.
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© 2023 Commercial Real Estate Direct All rights reserved..