Commercial Real Estate Direct Staff Report The CMBS trust that holds the $164 million loan against the 810,471-square-foot First Stamford Place office property in Stamford, Conn., has taken title to the property through a “strict” foreclosure. Strict foreclosures are unique [...]
Commercial Real Estate Direct Staff Report Douglas Wilson Cos. has been appointed by a San Francisco court as receiver of the massive Parkmerced apartment complex in that city. The appointment coincides with a move by Green Loan Services, special servicer [...]
Bravo Property Trust has provided $36.75 million of financing for the construction of a 78-unit apartment property at 1861 Amsterdam Ave. in the Hamilton Heights section of Manhattan. The loan was arranged by Galaxy Capital. The five-story building, at 152nd [...]
Washington Business Journal JLL has been tapped to market for sale the $112 million loan against the 305,259-square-foot office building at 1325 G St. NW in Washington D.C. The loan, which defaulted last October, is held by US Bank, which [...]
Bank OZK has provided $45.7 million of senior financing, while an insurance company has provided $9.9 million of mezzanine financing for the construction of the 144-unit Park5 Luxury Rental Townhomes in the Chicago suburb of Deerfield, Ill. The financing was [...]
Arbor Realty Trust has provided a $42 million of financing to fund the conversion of the 500 West Germantown Pike office building in the Philadelphia suburb of Plymouth Meeting, Pa., into 149 apartment units. The 175,000-square-foot office building will be [...]
Property prices increased in the fourth quarter by 0.76% from the previous quarter, but ended the year down 0.24%, according to the equally weighted Trepp Property Pricing Index. They remain 0.2% lower than they were during the market's peak. The [...]
Commercial Real Estate Direct Staff Report Talen Energy, which last year had sold its Cumulus Data Assets, comprised of a 1,200-acre data center site in Berwick, Pa., to Amazon.com Inc., has asked an appeals court to review the Federal Energy [...]
A venture of Extell Development and Hilton Hotels is planning the 180-unit Canopy at Deer Valley hotel in Park City, Utah. Extell of New York and Hilton are building the property within walking distance of the Jordanelle Express Gondola on [...]
Commercial Real Estate Direct Staff Report The $60 million CMBS loan against the 177,697-square-foot Industry RiNo Station office property in Denver, which had defaulted in January, has transferred to special servicing. It’s now classified as being more than 60-days late. [...]
