German Syndicator Said to Be Next in Queue for 1211 Ave. of Americas
September 28, 1999 By Orest Mandzy, VertiNewscom Managing EditorThe buzz in New York is that Jamestown, a German syndicator, will be buying 1211 Avenue of the Americas for close to $550 million, or...
Tags: New York City Office New York - NY Property Acquisitions (ACQ) More than $150 million
August 4, 2020 in Top News
PCCP LLC has purchased a $99.3 million performing loan against The Star, a mixed-use property at 1111 Rusk St. in downtown Houston. The Los Angeles investment manager bought the loan from TPG Real Estate Finance Trust, which suffered...
July 27, 2020 in Top News
The volume of apartment sales in New York City totaled $628.5 million during the second quarter, down 69 percent from the same period a year ago, according to Ariel Property Advisors. That was the third-lowest quarterly volume since...
Roughly $1.9 billion of CMBS loans evidently received forbearance, or payment deferrals, this month, according to Trepp LLC. That's likely to translate to a slowdown in the growth of the overall CMBS delinquency rate, which reached near-record levels...
KKR & Co. has completed capital-raising for its second CMBS B-piece investment vehicle, raising $950 million of commitments. The fund, KKR Real Estate Credit Opportunity Partners II, already has completed nine investments and has circled the risk-retention bonds...
Coronavirus Hits Occupancy at Seniors-Housing Properties Hard
The coronavirus pandemic has had a profound impact on the seniors-housing sector, with occupancy dropping by 2.8 percentage points during the second quarter to 84.9 percent. That's the largest quarterly decline in occupancy in 14 years, according to...
MBA Sees Commercial Mortgage Origination Volumes Plunging 60 Percent This Year
The coronavirus pandemic is having a severe impact on commercial mortgage originations, which the Mortgage Bankers Association predicts could result in volumes declining this year by a whopping 60 percent to roughly $250 billion. Volumes would rebound next...
PGIM Lends $195Mln Against 2 Hotels in California, Washington, D.C.
Commercial Real Estate Direct Staff Report PGIM Real Estate Finance has provided $195 million of financing against the Hilton La Jolla Torrey Pines hotel in La Jolla, Calif., and the Capital Hilton in Washington, D.C. The interest-only mortgage...
Braemar Gets Another $370Mln of Senior Mortgage Debt Modified
Commercial Real Estate Direct Staff Report Braemar Hotels & Resorts Inc. has struck a deal to modify another $370 million of mortgage debt. That brings the volume of loans that the Dallas REIT, formerly Ashford Hospitality Prime Inc.,...
Braemar Hotels & Resorts Inc. has struck a deal to modify another $370 million of mortgage debt. That brings the volume of loans that the Dallas REIT, formerly Ashford Hospitality Prime Inc., has been able to modify to...