CMBS loans against properties in the country’s top 10 metropolitan statistical areas had a pay-off rate of 56.31% this year through July. In other words, $2.52 billion of the $4.74 billion of loans that came due paid off on time. The payoff data doesn’t i... See more
SparrowHawk has paid just less than $400 million, or $90.91/sf, for a portfolio of 20 industrial buildings with 4.4 million square feet in four Midwestern states. The Houston industrial property investment manager, which last year lined up $300 million of... See more
Varia US Properties AG, a Swiss company that owns U.S. apartment properties, has agreed to sell a stake in 13 of its apartment properties, with 4,112 units, to Brookfield Asset Management. It’s selling a 90% stake in four properties with 1,060 units that ... See more
Commercial Real Estate Direct Staff Report National office rents were up 9.5% during the 12 months through June, according to the Columbia CompStak Rent Index, a recently launched index that tracks net-effective rents at similar-quality properties. While ... See more
An affiliate of Acadia Realty Trust has committed to provide $75 million of mortgage financing to fund the $56 million, or $468.30/sf, purchase of the 119,584-square-foot Whitestone Shopping Center in the Whitestone section of Queens, N.Y., and the proper... See more
