Commercial Real Estate Direct Staff Report The volume of CMBS loans that are more than 30 days late with their payments increased last month by $1.23 billion, or 2.6%, to $48.65 billion, according to Trepp Inc. That amounts to 8.02% of the $606.58 billion... See more
Rithm Capital Corp., which last year acquired Paramount Group , giving it ownership of Manhattan’s 1301 Ave. of the Americas, has brought on DRA Advisors as an equity partner in the 1.75 million-square-foot office building. Rithm’s Paramount unit, which i... See more
An affiliate of General Investment & Development Cos., or GID, has paid $42.5 million, or $177,083/unit, for the 240-unit Windsor TownPark apartment complex in Kennesaw, Ga. The Boston investment manager acquired the property from an affiliate of Cent... See more
Houston Business Journal Interra Capital Group has bought Park Towers, a 552,250-square-foot office complex in Houston’s Uptown area. The local private equity firm acquired the property from Regent Properties, which had owned it since 2019. JLL brokered t... See more
Commercial Real Estate Direct Staff Report The vacancy rate for Phoenix’s largest warehouses, those so-called “bulk warehouses” that measure more than 300,000 square feet each, has declined to 5.8%, a dramatic turnaround from the 32.5% peak reached in 202... See more
