The volume of CMBS loans that are more than 30 days late with their payments increased last month by $575 million, or 1.52%, to $38.71 billion, according to Trepp Inc. The month was notable for the volume of previously delinquent [...]
Commercial Real Estate Direct Staff Report Jamison Services Inc., which owns the 845,547-square-foot Central Plaza office property in Los Angeles, is seeking to get a term extension for its $80.75 million mortgage. The loan had matured in December, but Jamison, [...]
Commercial Real Estate Direct Staff Report Bank of America and Wells Fargo Bank are providing $1.5 billion of mortgage financing against the 3.02 million-square-foot MetLife Building at 200 Park Ave. in midtown Manhattan. The 10-year loan is being securitized through [...]
Commercial Real Estate Direct Staff Report PPR Capital Management has paid $33.6 million, or $150,000/unit, for Infinity at Plaza West, a 224-unit apartment property in Kansas City, Mo. The Wayne, Pa., investment manager purchased the property from Burlington Capital Properties [...]
Jacksonville Daily Record Wideman Co. has paid $24 million, or $45.16/sf, for a 531,386-square-foot office campus at 14000 Citicards Way in Jacksonville, Fla. The Orlando, Fla., commercial real estate investment company purchased the four-building complex from Citigroup Technology Inc., in [...]
South Florida Business Journal Coral Rock Development Group has sold the 260-unit Pura Vida Hialeah apartment property in Hialeah, Fla., for $95 million, or $365,385/unit. The Coral Gables, Fla., company sold the three-building property to a venture of CSL Partners [...]
Commercial Real Estate Direct Staff Report HSL Properties has paid $50.25 million, or $162,621/room, for two hotels with 309 rooms in Mesa, Ariz. The Tucson, Ariz., company bought the properties – the 180-room Sheraton at 860 North Riverview and the [...]
Commercial Observer Premier Equities has paid $27 million, or $1,584/sf, for the 17,042-square-foot retail property at 3909-3911 Main St. in the Flushing neighborhood of Queens, N.Y. The New York investor bought the property from Riesenburger Properties, also of New York, [...]
ConnectCRE JRK Property Holdings has sold the 752-unit Retreat at Mesa Hills apartment complex in El Paso, Texas. The Los Angeles real estate company sold the property to the El Paso Housing Authority, which is offering residential development revenue bonds [...]
Commercial Observer New York University has bought back the 85,000-square-foot building at 1 West Fourth St. in Manhattan’s Greenwich Village. It paid $75.5 million, or $882.35/sf, for the building, which served as the campus for the Hebrew Union College-Jewish Institute [...]
