Appraised Value of Retail Space in Manhattan’s SoHo Area Slashed by Nearly 80%
Commercial Real Estate Direct Staff Report The 42,000 square feet of retail space at the base of the 12-story 599 Broadway office building in Manhattan's SoHo neighborhood has had its appraised value slashed by nearly 80% to $32 million....
Suburban Chicago Apartment Property Sells for $23Mln
Crain's Chicago Business Anemone Real Estate has paid $23 million, or $323,943/unit, for the 71-unit 20West apartments in Mount Prospect, Ill., a northern suburb of Chicago. The Wheeling, Ill., investor acquired the six-story property, at 20 West Northwest Highway,...
INITIAL PRICING: BANK5, 2026-5YR22
Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Moody's Rating DBRS Morningstar Price % Yield % Final Pricing (bp) Bnch mrk A-1 1.56 30.00 2.86 AAA Aaa AAA J-spread A-2 60.00 30.00 4.76 AAA...
No Office Space Under Construction in Chicago for First Time Since 2012
For the first time since 2012, no office space is under construction in Chicago, according to Newmark, and only one office property was brought online during the first quarter.
Tucson, Ariz., Apartments Sell for $45.5Mln, Get $40.48Mln Mortgage
Commercial Real Estate Direct Staff Report An affiliate of Bascom Group has paid $45.5 million, or $157,439/unit, for the 289-unit Domain 3201 apartment property in Tucson, Ariz. The Irvine, Calif., investment manager acquired the property, at 3201 West Ina...
About
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.
