Trumbull Mall, which only two years ago changed hands, recently faced the maturity of its $152.3 million mortgage, and its owner - a venture of Mason Asset Management and Namdar Realty Group - has said it won't be able to [...]
Commercial Real Estate Direct Staff Report The 267,426-square-foot Princeton South Corporate Center office property in Ewing Township, N.J., is close to being sold. A sale would resolve what had been a defaulted $44.23 million CMBS loan against the property, at [...]
Commercial Real Estate Direct Staff Report The venture that owns the 147,000-square-foot 2900 Fairview Park Drive office property in the Washington, D.C., suburb of Falls Church, Va., is aiming to negotiate a term extension of its $35.5 million mortgage. The [...]
BP PLC has renewed its lease for the 240,000 square feet it occupies at the 2.3 million-sf CME Center office complex in Chicago’s West Loop through at least 2032. The two-building complex, at 10 and 30 South Wacker Drive, connected [...]
BisNow Biogen has signed a lease for the 585,000-square-foot life-sciences building at 75 Broadway St. that’s under construction in Cambridge, Mass. The building, which is being developed by a venture of BioMed Realty and MIT Investment Management, will serve as [...]
Bloomberg Naftali Group has struck a deal to pay more than $800 million, or about $3.8 million/unit, for the 208-unit apartment property at 800 Fifth Ave. in Manhattan. The New York investor agreed to buy the property from a venture of [...]
Multi-Housing News Bank OZK and InterVest Capital have provided $253 million of construction financing for Pendry Nashville and Pendry Residences Nashville, a 30-story hotel and residential condominium project in that Tennessee city. Walker & Dunlop arranged the financing on behalf [...]
Dwight Capital has originated a $22.5 million loan under the U.S. Department of Housing and Urban Development’s 223(f) program against the 128-unit Skyview Heights apartment property in the Spokane, Wash., suburb of Airway Heights, Wash. The collateral property was completed [...]
Shopping Center Business Principal Asset Management has sold the 204,000-square-foot Pinewood Square Shopping Center in Lake Worth, Fla. The buyer and purchase price were not immediately known. Cushman & Wakefield brokered the deal. Pinewood Square was built in 1987 at [...]
REBusiness Online Treetop Cos. has bought the 587,815-square-foot industrial property at 5245 Commonwealth Ave. in Jacksonville, Fla., for an undisclosed price. A fund managed by DRA Advisors sold the property and was represented by Cushman & Wakefield. The property consists of an [...]
