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 [...]
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 [...]
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 [...]
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 [...]
South Florida Business Journal An affiliate of Essig Holdings has bought University Place at City Center, a 204,810-square-foot office building in Coral Springs, Fla., for $30 million, or $146.148/sf. The Broward County, Fla., family-owned company purchased the 10-story property from [...]
San Francisco Chronicle The office vacancy rate in San Francisco is expected to have increased in the first quarter, to 36.6% from 36.5% at the end of last year, according to preliminary data from CBRE. That’s despite the city’s office [...]
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 [...]
