Commercial Real Estate Direct Staff Report The $119.24 million CMBS mortgage against the Town East Mall in Mesquite, Texas, has been extended by another six months, through June. The loan, securitized through BBUBS Trust, 2012-TFT, originally had matured in 2022. [...]
Synovus Bank has provided $35.5 million of financing against the 120-room Moxy Miami Wynwood hotel in Miami’s Wynwood neighborhood. The loan, arranged by Hunter Hotel Advisors of Atlanta, was part of a broader recapitalization of the hotel, which opened only [...]
Rentv.com Bolour has sold the Cerro, a 71,500-square-foot office property in Mission Viejo, Calif., for $23.9 million, or $334.27/sf. The buyer could not yet be identified. JLL brokered the deal. Cerro was built in 1984 at 27401 Los Altos, about [...]
ConnectCRE Lesser Evil, a maker of organic snacks, has signed a lease for 303,100 square feet at Lincoln Logistics 84×684 Crossings, a 921,100-sf industrial property in Brewster, N.Y. The property is owned by Lincoln Equities Group of East Rutherford, N.J. [...]
Commercial Real Estate Direct Staff Report GID Investment Advisors has paid $27.3 million, or $175.69/sf, for the 155,384-square-foot industrial property at 1220 Trade Drive in North Las Vegas. The Boston investment manager purchased the property from Blackstone, which assumed it [...]
Irvine Community Land Trust has paid $26.5 million, or $96.36/sf, for the 275,000-square-foot office property at 2400 Barranca Parkway in Irvine, Calif. The Irvine company purchased the property from Gemdale USA of Pasadena, Calif., in a deal brokered by Marcus [...]
The Real Deal David Werner Real Estate has paid $52 million, or $221.28/sf, for the 235,000-square-foot office property at 300 East 42nd St. in midtown Manhattan. The New York investor bought the property from Fortress Investment Group in a deal [...]
Triad Business Journal Lightstone Group has paid $41.1 million, or $500.89/sf, for the shuttered Imperial Center flex building in Durham, N.C. The New York company purchased the 82,054-square-foot property, which sits on 15.69 acres at 1219 Shiloh Glenn Drive, from [...]
The volume of CMBS loans in special servicing increased by 1.47% last month to $58.16 billion, putting the volume at a level not seen since June 2013, when $59.27 billion of loans were in special servicing. The office sector continues [...]
Commercial Real Estate Direct Staff Report In another sign that the Manhattan office sector might have turned a corner, 306 tenants were scouting for a total of 25.6 million square feet in the borough last month, according to Newmark. Searches [...]
