Top News
PCCP Buys $99.3Mln Loan Against Houston Mixed-Use Property from TPG
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...
New York City Apartment Property Sales Decline by 69 Percent in 2Q
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...
115,000-SF Office Building Planned for McKinney, Texas
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,...
5-Building Industrial Project Coming to Suburban Raleigh, N.C.
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...
Construction Under Way on Mixed-Use Project in Hialeah, Fla.
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...
Oxford Properties Buys Seattle Apartment Building for $320Mln
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...
BH Properties Launches Program Targeting DIP Financing
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...
Industrial Property Trust Sells Remaining Portfolio for $301Mln
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...
$1.9Bln of CMBS Loans Get Payment Deferrals, Muting Likely Increase in Delinquency Rate
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...
American Campus’ Pre-Leasing for Upcoming School Year Down from 2019-2020
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...
