The volume of CMBS loans that are more than 30 days late with their payments increased in March by $2.46 billion, or 6.7%, to $39.26 billion. The culprit: the apartment sector. The post Volume of Delinquent CMBS Loans Jumps in [...]
Commercial Property Executive Foot Locker Inc. has decided to relocate its global headquarters to St. Petersburg, Fla., from Manhattan. The sports apparel retailer has agreed to a long-term lease for 110,998 square feet at 570 Carillon Parkway. It had announced plans [...]
REBusiness Online Atlanta Braves Holdings Inc. has bought Pennant Park, a 763,465-square-foot office complex in Atlanta. The owner of the Atlanta Braves professional baseball team purchased the nearly 34-acre property from Rubenstein Partners of Philadelphia, which had owned it since [...]
Commercial Observer Metro Loft Management is facing a potential foreclosure against its 180 Water St., a 580-unit apartment property in lower Manhattan, after defaulting on the $265 million of CMBS debt tied it. CWCapital Asset Management, the debt’s special servicer, [...]
The Registry Rockpoint Group has paid $207.2 million, or $462,500/unit, for the Villages at Cupertino, a 448-unit apartment complex in Cupertino, Calif. The Boston private equity firm purchased the property from the Koret Foundation of San Francisco. Husky Finco provided [...]
South Florida Business Journal Welltower Inc. has bought the 199-unit Oakmonte Village seniors-housing property in Davie, Fla., for $34.28 million, or $172,261/unit. The Toledo, Ohio, company purchased the building from an affiliate of Royal Senior Care of Aventura, Fla. Oakmonte [...]
The Registry Timberlane Partners has paid $138.5 million for the Queen Anne Collection mixed-use property in Seattle. The local investment manager purchased the property, at 1920 Queen Anne Ave. North, from an affiliate of Rreef America, which is an entity [...]
The Philadelphia area recorded 1.1 million square feet of leasing in the first quarter, up from 900,000 a year ago. Availabilities declined. But leasing was only part of the reason. The region's inventory fell by 2.7 million sf. The post [...]
PRP has acquired Cosmopolitan on the Canal, a 218-unit apartment property in Indianapolis. The purchase price was not yet known. However, the property was assessed last year at a value of $43.38 million, according to the Marion County, Ind., assessor. [...]
The Real Deal Goodwin Procter has leased 250,000 square feet at the 870,000-square-foot office building at 200 Fifth Ave. in Manhattan’s Flatiron area. The law firm will relocate next year from the 216,419 sf it occupies at The New York [...]
