Commercial Real Estate Direct Staff Report Eastham Capital has begun capital-raising efforts for its latest fund, with a $500 million minimum equity target. If the Boca Raton, Fla., investment manager reaches its minimum goal of $500 million, the vehicle, Eastham [...]
Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Kroll Rating Moody’s Price % Yield % Final Pricing (bp) Bnch mrk A-1 19.27 30.00 2.83 AAA AAA Aaa 100.0000 4.961 +70 J-spread A-4 131.00 30.00 9.76 [...]
Commercial Real Estate Direct Staff Report The $155 million loan against the 401-room Hilton Garden Inn West 54th St. in midtown Manhattan has transferred to special servicer LNR Partners as its maturity approaches next month. The loan is securitized through [...]
Commercial Real Estate Direct Staff Report The $217.5 million mortgage against the Gurney’s Montauk Resort and Seawater Spa in Montauk, N.Y., has been extended through the end of the year. The loan, securitized through MTK Mortgage Trust, 2021-GRNY, initially had [...]
Blackstone has refinanced $1.1 billion of mortgage financing against a portfolio of eight life-sciences properties with 1.28 million square feet in the Cambridge, Mass., San Diego, Seattle, and San Francisco areas. It's lined up a total of $765 million of [...]
Dallas Business Journal ARZ Realty Capital has lined up $20 million of financing for its purchase of a pair of office buildings with a total of 388,182 square feet in Dallas. The local investor bought the properties from Maitland Management [...]
Multi-Housing News Thompson Thrift will soon break ground on Stack at Wheat Ridge, a 255-unit apartment property in Wheat Ridge, Colo. The Indianapolis developer is building the property at the corner of Kipling Street and 44th Avenue, about 10 miles [...]
Commercial Real Estate Direct Staff Report Blackstone Group is said to be close to sewing up a term extension of the $1.33 billion mortgage against the 3.79 million-square-foot Willis Tower in Chicago. The loan is securitized through BBCMS Mortgage Trust, [...]
AZ Big Media Creation has broken ground on Source Logistics Center, a 144,885-square-foot industrial property in Tempe, Ariz. The Phoenix developer is building the property at the southeast corner of Warner Road and Hardy Drive, about 14 miles southeast of [...]
Commercial Real Estate Direct Staff Report Highwoods Properties Inc. has sold the 170,000-square-foot 4800 North Park office building and two adjoining parcels, at 5005 and 5009 Memory Road, in Raleigh, N.C., for $21.35 million. The Raleigh REIT sold the six-story [...]
