Large Volume of Late-Paying Loans in July Causes Spike in CMBS Delinquencies
An unusually large volume of new delinquencies in the CMBS universe last month resulted in an 8.01% increase in loans that are more than 30 days late to $47.5 billion. That amounts to 7.86% of the $604.42 billion universe...
Austin’s One Eleven Congress Sells for $208Mln
Austin Business Journal Canyon Creek Real Estate has paid $208 million, or $413.22/sf, for the 503,344-square-foot One Eleven Congress office building in downtown Austin, Texas. The Fort Worth, Fla., investor purchased the 30-story structure from Cousins Properties, an Atlanta REIT...
Barings Lends $213Mln Against Newly-Constructed Chicago Office Property
Barings has provided $213 million of financing against the 500,000-square-foot office property at 360 North Green St. in Chicago. JLL Capital Markets arranged the three-year loan on behalf of the owner and developer, a venture of JPMorgan Asset Management...
Newly Built Retail Property in Melbourne, Fla., Trades for $41.3Mln
Orlando Business Journal APC US Pineda Commons LP has paid $41.34 million, or $554.16/sf, for Pineda Commons, a year-old retail property in Melbourne, Fla. The Toronto investor acquired the shopping center, along with three of its outparcels, from an...
Venture Lends $90Mln Mortgage Against San Diego Life-Sciences Property
Commercial Property Executive Breakthrough Properties and Tishman Speyer have provided $90 million of financing against Aperture Del Mar, a 538,000-square-foot life-sciences property in San Diego. The new debt allows the owner of the property, Gemdale USA of Pasadena, Calif.,...
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