CMBS special servicers had 63 loans with a balance of $5.46 billion transfer to their portfolios last month, the largest monthly volume of transfers in more than two years, according to Trepp...
Read moreCrain's Chicago Business Two suburban Chicago apartment properties with a combined 656 units are being offered for sale. Broadshore Capital Partners has hired Berkadia to market for sale Ascend St. Charles, with 400 units at 100 Lakeside Drive...
Commercial Real Estate Direct Staff Report QR Real Estate Capital, an affiliate of QuadReal Property Group, has provided $102.5 million of financing for the proposed 228-unit apartment property at 870-888 Atlantic Ave. in Brooklyn, N.Y. QuadReal is a...
Milstein Properties has inked leases with five tenants for a total of 460,000 square feet at 22 Vanderbilt, a 1.19 million-sf office property across from Grand Central Terminal in midtown Manhattan. Bain & Co. took 235,000 sf and...
Tampa Bay Business Journal An affiliate of Blackstone Group has paid $94.5 million, or $157.50/sf, for Tampa Commerce Center, a 600,000-square-foot industrial complex in Tampa, Fla. The New York investment giant purchased the four-building property from Hines of...
Commercial Real Estate Direct Staff Report The pending departure of American Eagle Outfitters as a tenant at 393-401 Fifth Ave. in midtown Manhattan likely will make it challenging for the office building's $95 million mortgage to get refinanced. As...
Commercial Real Estate Direct Staff Report The 210,002-square-foot industrial property at 940 Ridgebrook Road in the Baltimore suburb of Sparks Glencoe, Md., which last year lost its sole tenant, has been appraised at a value of only $9.5...
The Real Deal A venture of Goldman Sachs and Ballast Investments is said to be surrendering to its lender a portfolio of 82 apartment properties with 1,200 units in San Francisco in a deed-in-lieu of foreclosure. The venture...
The Real Deal Bank of America has provided $150 million of financing against Westwood Gateway II, a 549,000-square-foot office property in Los Angeles. The 10-year loan pays a fixed rate of 5.56 percent and is expected to be...
Commercial Real Estate Direct Staff Report CBRE has provided $35.38 million of Fannie Mae financing to facilitate the purchase of Parc Lofts, a 258-unit apartment property in Tolleson, Ariz., about 12 miles from Phoenix. Millburn & Co. bought...
Commercial Real Estate Direct Staff Report Illinois Center, a two-building office complex with 2.1 million square feet in Chicago's East Loop submarket that long has struggled with occupancy, last month missed a debt-service payment on its $243.88 million...
Madison Realty Capital and Unity Capital have provided $100 million of financing for the development of a 299-unit apartment property at 144 Broadway Place in Long Branch, N.J. Madison Realty funded an $85 million construction loan, while Unity...
The Real Deal Metropolitan Life Insurance Co. is offering for sale the 372,600-square-foot office property at 550 West Washington Blvd. in Chicago. The New York company has hired JLL to market the property, which it had purchased in...
Commercial Real Estate Direct Staff Report Yellowstone Real Estate Investments paid $185.9 million, or $308/sf, for the 603,928-square-foot office building at 1740 Broadway in Manhattan. The New York investment manager had been expected to buy the distressed $308 million...
Terreno Realty has paid $364.5 million for a portfolio of 28 industrial buildings with 1.2 million square feet in the New York, New Jersey, Los Angeles and San Francisco areas. The portfolio, believed to have been acquired from...
REBusiness Online Thrivent has provided $41 million of financing to facilitate Hillwood Investment Properties' purchase of an industrial portfolio with 893,458 square feet in the Memphis, Tenn., area. CBRE Capital Markets arranged the financing. Hillwood, a Dallas company...
Commercial Real Estate Direct Staff Report Beach Point Capital Management has acquired the $112 million CMBS loan against the 284-room Hotel Bossert in Brooklyn, N.Y. The Santa Monica, Calif., investment manager bought the loan from CCRE Commercial Mortgage...
Palladius Capital Management has provided $26.12 million of financing to facilitate Denholtz Properties' purchase of the Clovis Barker Logistics Park, with 213,817 square feet of industrial space in San Marcos, Texas. Denholtz, of Red Bank, N.J., bought the...
Commercial Real Estate Direct Staff Report The Salina Meadows Office Park in Syracuse, N.Y., which was purchased only two years ago for $37.5 million, has been appraised at a value of only $12.3 million. The 237,496-square-foot office property...
San Francisco Chronicle Gemdale USA is offering for sale the 387,599-square-foot office building at 350 Bush St. in San Francisco. The Pasadena, Calif., developer has hired Eastdil Secured to market the property, which is encumbered by $185 million...
Class Amt $mln Sub Level % Avg Life (yrs) Rating S&P Rating Fitch Rating Kroll Price % Yield % Final Pricing (bp) Bnch mrk A-1 7.00 30.00 2.65 AAA AAA AAA 99.998 5.568 +87 J-spread A-2 15.00...
Commercial Real Estate Direct Staff Report Solomon Pond Mall in Marlborough, Mass., has been appraised at a value of only $29.7 million, roughly one-third of the amount of debt the shopping center carries. The retail property is owned...
Commercial Real Estate Direct Staff Report Hudson Pacific Properties is planning to sell three of its office properties as part of its continuing effort to reduce its leverage levels. The Los Angeles REIT, which has a portfolio of...
Commercial Real Estate Direct Staff Report Cushman & Wakefield has arranged $34 million of mortgage and preferred equity financing to facilitate the purchase of Northsight Corporate Center, a 136,682-square-foot office property in Scottsdale, Ariz. Vertical Ventures of Walnut...
The Real Deal DivcoWest has paid $122 million, or $570,093/unit, for Reveal Playa Vista, a 214-unit apartment property in Los Angeles. The San Francisco company purchased the property from Clarion Partners of New York, which had bought it...
Jacksonville Business Journal A venture of Redfearn Capital and TPG Angelo Gordon has paid $47.8 million, or about $125.59/sf, for a 380,589-square-foot industrial portfolio in Jacksonville, Fla. A venture of Somerset Properties and CenterSquare Investment Management sold the...
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