The volume of CMBS loans in special servicing declined by a fraction last month, marking the first time since June 2024 that's happened. Volumes, however, remain elevated at $59.67 billion, according to Trepp Inc. While that was down 0.46% from [...]
The Real Deal An affiliate of NorthBridge Partners has bought the 106,289-square-foot industrial and showroom property at 11711 West Sample Road in Coral Springs, Fla., for $22.3 million, or $209.81/sf. The company, with offices in Linthicum Heights, Md., and Wakefield, [...]
Commercial Real Estate Direct Staff Report The 506,412-square-foot Times Square Plaza in Manhattan, which has suffered a decline in occupancy and may lose its largest tenant next month, has had its appraised value reduced 58% to $335 million. That’s equal [...]
San Francisco Business Times Google Inc. is offering 413,000 square feet of office space for lease at Pacific Shores Center in Redwood City, Calif. The tech giant has hired CBRE to market the space at 1500, 1700, and 1800 Seaport [...]
Commercial Observer Apollo Global Management has leased 100,000 square feet at the 1.1 million-sf 590 Madison Ave. office building in midtown Manhattan. The investment manager had been in talks to lease the space on the 41-story building’s 10th through 13the [...]
CDPQ has provided $331 million of financing for the development of a 924-unit apartment property at 50 Hudson St. in Jersey City, N.J. The 40-story building, next to a PATH subway station, providing access to Manhattan, is being developed by [...]
GrowthSpotter Heitman has bought Cortland Colburn, a 300-unit apartment complex in the Orlando, Fla., suburb of Celebration, Fla., for $120.5 million, or $401,667/unit. The Chicago real estate investment firm purchased the nine-building property from a venture of Cortland of Atlanta [...]
Commercial Property Executive A venture of Landmark Properties and Westlake Capital has bought the 536,547-square-foot Northcreek Office Park in Atlanta for an undisclosed price. Landmark, of Athens, Ga., and Westlake, the family office of Landmark’s chairman, Wes Rogers, purchased the four-building [...]
GrowthSpotter TruAmerica Multifamily has paid $81 million, or $241,071/unit, for Grand at Westside, a 336-unit apartment property in Kissimmee, Fla. The Los Angeles apartment property investor purchased the complex from Starwood Capital, which had acquired it three years ago for [...]
Hotel Investment Today Highline Hospitality Partners has purchased the 510-room Hilton Atlanta Airport hotel in Hapeville, Ga., for $111.3 million, or $218,235/room. The New York company bought the property from Wheelock Street Capital of Greenwich, Conn., which had paid $101 [...]
