389-Unit Apartment Property Opens in Morgan Hill, Calif.
April 24, 2024
SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
April 24, 2024
Commercial Real Estate Direct Staff Report Macerich Co. generated $78 million of net proceeds from the sale of its interest in the One Westside office complex in Los Angeles. The Santa Monica, Calif., REIT had owned the property, the former ...
Commercial Real Estate Direct Staff Report Boston Properties has acquired the 45 percent stake in the Santa Monica Business Park held by the Canada Pension Plan Investment Board, giving it full ownership of the 1.12 million-square-foot office complex in Santa ...
KBS REIT III Inc., a non-traded REIT with a portfolio of 16 office properties and a mixed-use property, as well as a stake in a Singapore REIT, said it has "substantial doubt" about its ability to "continue as a going ...
The major mortgage REITs continued to see loans get repaid during the third quarter, but their lending activity, while up sharply from the second quarter, remained well below norms. This year through September, they've originated just one-tenth of the volume ...
Commercial Real Estate Direct Staff Report KBS REIT III Inc. is trying to negotiate the modification of a $606.3 million loan against a portfolio of six office properties with 2.75 million square feet that it had acquired between 2012 and ...
Crain's New York Business SL Green Realty Corp. might be gearing up to spin off a stake in some of its Manhattan office properties, including the 1.3 million-square-foot 280 Park Ave. Andrew Goldfarb, an analyst with Piper Sandler, noted that ...
Vornado Realty Trust, which carries a total of $10.31 billion of debt on its balance sheet, faces the maturity of just more than $4 billion of mortgages through 2025. A total of $1.05 billion of that is against properties it ...
Commercial Real Estate Direct Staff Report Occupancy at Essex Property Trust's portfolio of 252 apartment properties with 62,000 units in California and Seattle had declined last month to 95.9 percent from 96.4 percent in the third quarter and 96.6 percent ...
The recent bankruptcy by WeWork Inc. and its decision to reject 69 of its office leases in the United States and Canada will have little or no impact on the credit ratings of U.S. REITs, according to Fitch Ratings. The ...
Online marketplace 1031 Crowdfunding, which was formed nine years ago to help connect sponsors of structured tax-deferred exchanges with prospective investors, has formed a private REIT designed to provide similar tax-deferral exchanges.
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© 2023 Commercial Real Estate Direct All rights reserved..