Commercial Real Estate Direct Staff Report The owner of the 727,759-square-foot 500 Fifth Ave. office building in midtown Manhattan has been given another six months to refinance the property’s $200 million mortgage, which had matured last October. The loan is [...]
The Real Deal Deloitte has announced that it will exit the 112,028 square feet of office space it leases at the Gas Co. Tower, a 1.38 million-sf property in downtown Los Angeles. The London accounting giant’s lease at the property [...]
Long-time industry veterans Jay Rollins and Maren Steinberg, who cut their teeth in the opportunistic real estate world during the S&L bailout, have formed Canopy Real Estate Partners. The company will pursue investments in the middle market and aims to [...]
ConnectCRE Naftali Credit Partners has provided $45.5 million of financing against the 132-unit Linden apartment property at 4224 Baltimore Ave. in Philadelphia’s University City neighborhood. Naftali, of New York, syndicated a $33 million senior portion of the financing to Israel [...]
Dallas Morning News Globe Life is buying the 200,000-square-foot office building at 7677 Henneman Way in the Dallas suburb of McKinney, Texas. The life insurance company is acquiring the six-story building, along with more than nine acres of land for [...]
Charlotte Business Journal Quality Beverage Brands LLC has paid $17.3 million, or $61.44/sf, for the 281,585-square-foot industrial building at 4135 Chesapeake Drive in Charlotte, N.C. The company, an affiliate of local bottling company Independent Beverage Co., purchased the property from [...]
Commercial Real Estate Direct Staff Report CBL Properties has sold the Monroeville Mall and annex in the Pittsburgh suburb of Monroeville, Pa., for $34 million. The Chattanooga, Tenn., company sold the property to an investor group, South Saturn Ridge LLC, [...]
ConnectCRE First Citizens Bank has provided a $47.7 million loan against the 129-unit Aspen College Park student-housing property in College Park, Md. The property, at 4205 and 4206 Knox Road, was built two years ago next to the University of [...]
Houston Business Journal Capital Commercial Investments has paid $18.2 million, or $34.87/sf, for the 521,949-square-foot office building at 1001 Noble Energy Way in Houston. The Austin, Texas, real estate investment firm purchased the 10-story property from Chevron Corp., which was [...]
Commercial Real Estate Direct Staff Report Wells Fargo Bank, Bank of America and Bank of Montreal are providing $1.13 billion of mortgage financing against the 1.2 million-square-foot 3 Bryant Park office property in midtown Manhattan. Proceeds of the short-term loan [...]
