PCCP LLC has purchased a $99.3 million performing loan against The Star, a mixed-use property at 1111 Rusk St. in downtown Houston. The Los Angeles investment manager bought the loan from TPG Real Estate Finance Trust, which suffered a loss ...
The volume of apartment sales in New York City totaled $628.5 million during the second quarter, down 69 percent from the same period a year ago, according to Ariel Property Advisors. That was the third-lowest quarterly volume since 2010. In ...
Dallas Morning News VanTrust Real Estate has filed plans to build McKinney Coropate Center II, a 115,000-square-foot office building in the Dallas suburb of McKinney, Texas. The four-story project is being built in the 113-acre McKinney Corporate Center business park, ...
Triangle Business Journal Merritt Properties has proposed developing a 271,450-square-foot industrial project in Knightdale, N.C., about 13 miles east of Raleigh, N.C. The five-building property is going up on 46.21 acres at 123 Hinton Oaks Blvd. The project is the ...
South Florida Business Journal Shoma Group has started work on the Shoma Village mixed-use project in Hialeah, Fla. The develoepr recently lined up $67.21 million of construction financing from Walker & Dunlop for the seven-story project, which is being built ...
Crain's Chicago Business An affiliate of Eaton Vance Real Estate Investment Group has bought the 72,500-square-foot Whole Foods Market at 3201 North Ashland Ave. in Chicago's Lakeview neighborhood for $70.9 million, or $977.93/sf. The Boston investment firm purchased the retail ...
Multi-Housing News Oxford Properties Group has bought the 461-unit Kiara Apartments in Seattle for $320 million, or $694,143/unit. The Toronto real estate investment company bought the 41-story property, at 970 Denny Way, from a venture of Holland Partner Group and ...
Commercial Real Estate Direct Staff Report BH Properties, a 30-year-old opportunistic property investor, has launched a platform to provide debtor-in-possession financing for middle-market real estate companies or properties that are in receivership or have been thrown into bankruptcy. The Los ...
Commercial Real Estate Direct Staff Report Industrial Property Trust has sold its remaining portfolio of properties and developments for $301 million. Black Creek Industrial REIT IV Inc. acquired the portfolio, which consists of minority interests in 64 buildings with about ...
Roughly $1.9 billion of CMBS loans evidently received forbearance, or payment deferrals, this month, according to Trepp LLC. That's likely to translate to a slowdown in the growth of the overall CMBS delinquency rate, which reached near-record levels last month.
Commercial Real Estate Direct Staff Report American Campus Communities had pre-leased 90.1 percent of its student-housing beds for the 2020-21 school year through July 17, down from the 93.5 percent of beds that had been pre-leased at the same time ...
Jose Carrazana has joined the Institutional Property Advisors unit of Marcus & Millichap as director at its Los Angeles office. He joins the brokerage from JLL, where he also was director. He will continue to help clients buy and sell ...
Capital One has provided $29.2 million of financing against four apartment properties with 271 units in Manhattan. The loan allowed the owner of the buildings, Bronstein Properties of Queens, N.Y., to retire $13.3 million of debt that Dime Community Bank ...
Berkeley Point Capital has provided a $47.4 million Freddie Mac loan against the 224-unit Encore Evans Station Apartments in Denver. NKF secured the loan on behalf of Treeline Multifamily Partners, which had acquired the property from Encore Enterprises, its developer, ...
Baltimore Business Journal Amazon.com Inc. has paid $35 million, or about $126.81/sf, for the 276,000-square-foot industrial building at 1000 Prince Georges Blvd. in Upper Marlboro, Md. The property previously had been a warehouse for DPI Specialty Foods, which closed the ...
Bisnow Green Century Partners LLC has proposed developing a mixed-use project at the intersection of U.S. Highway 301 and State Route 725 in Upper Marlboro, Md. The Prince George's County Planning Board is scheduled to consider the development on Thursday. ...
Commercial Real Estate Direct Staff Report The largest loan in the collateral pool of GS Mortgage Securities Trust, 2014-GC26, is now classified as being more than 30 days late, and the owner of the shopping mall that it encumbers is ...
Charlotte Business Journal Bridgewood Property Co. has been approved to build 220 age-restricted units in Charlotte, N.C. The project is being planned for a 1.4-acre site bounded by Royal Court and Morehead Street, southeast of Euclid Avenue. The Houston company ...
Charlotte Business Journal The Charlotte-Mecklenburg Housing Partnership has been approved to build up to 104 affordable-housing units on the site of the YWCA Central Carolinas property in Charlotte, N.C. City Council approved a rezoning for a portion of the 10-acre ...
South Florida Business Journal Big Time Productions has sold the 25,589-square-foot Paris Theater in Miami Beach, Fla., for $13 million, or about $508.03/sf. A company managed by Mathieu Massa, head of Massa Investment Group, bought the property, which sits on ...
Commercial Observer BNP Paribas has reduced its footprint at 787 Seventh Ave. in Manhattan, to 280,000 square feet. The French bank had been leasing 469,200 sf at the 1.7 million-sf office building for more than 20 years. A venture of ...
Commercial Observer American International Group has signed a lease for 220,000 square feet at 28 Liberty St., a 2.2 million-sf office building in Manhattan. JLL represented the finance and insurance company in the lease. The asking rent was about $75/sf. ...
The Real Deal Delshah Capital has filed a lawsuit against Free People, alleging that the retailer has failed to make rent payments for the 6,800 sf it leases at 58-60 Ninth Ave. in Manhattan. The New York company terminated Free ...
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© 2023 Commercial Real Estate Direct All rights reserved.