Valuation: More than $150 million

Three large mall loans in a 2012 CMBS transaction recently have been hit with significant appraisal reduction amounts, a harbinger that the deal, UBS-Barclays Commercial Mortgage Trust, 2012-C2, could eventually suffer substantial losses. The loans have been hit with a ...

Minneapolis/St. Paul Business Journal Blackstone Group has paid $247 million, or $98.80/sf, for a portfolio of 22 industrial buildings with more than 2.5 million square feet throughout the Minneapolis/St. Paul, Minn., area. The New York investment manager purchased the portfolio ...

Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has downgraded all the bond classes of COMM, 2013-GAM, a CMBS transaction backed by a $259.5 million loan against the Green Acres Mall in Valley Stream, N.Y. The rating agency ...

MCR Hotels, which owns 100 properties with more than 13,000 rooms in 30 states, is in the market to raise $450 million of equity investments for its second investment fund. It's a follow-up to a vehicle that had raised $300 ...

Crain's New York Business Yellowstone Real Estate Investments has paid $175 million, or $291,667/room, for the 600-room Watson Hotel in Manhattan, according to a report from Bloomberg. HSBC Bank sold the property, at 440 West 57th St., in a deal ...

The volume of CMBS loans in special servicing declined yet again last month, to $51.11 billion, according to Trepp LLC. That's down 1.64 percent from the $51.96 billion of loans that were in special servicing in February. Hotel and retail ...

TPG Real Estate Finance Trust, which last month said it had built a lending pipeline of nearly $3.5 billion of potential opportunities, announced it had closed or executed term sheets for six loans totaling $335.3 million during the first quarter. Those ...

KKR & Co. has confirmed that it has paid $1 billion, or $1,333/sf, for The Exchange on 16th, a 750,000-square-foot office building in San Francisco. The New York investment manager purchased the property from its developer, Kilroy Realty Corp. The 12-story ...

The Real Deal JPMorgan Chase Bank has provided $350 million of financing against 5Pointz, a 1,115-unit apartment complex in Queens, N.Y. The loan allowed the property's owner, G&M Realty of New York, to retire $300 million of construction debt that ...

A venture of Waterford Property Co. and the California Statewide Communities Development Authority has paid $160 million, or $400,000/unit, for the 400-unit Jefferson Platinum Triangle apartment complex in Anaheim, Calif. The property, completed in 2017, was purchased from JPI, an Irving, ...