The note backing One North LaSalle ($67.2 million | 57.8% of CARB 2019-FL2) has been sold at a $58.5-million realized loss, according to Morningstar Credit. Namdar has purchased the note for just under $20.0 million according to the article. The…
Brickstone Partners announced a $58 million refinancing of its Fort Collins portfolio provided by Blackstone. Brickstone acquired the portfolio consisting of two communities, The Junction Apartments and The Alpine Apartments, totaling 288 units and 9,390 square feet of retail space…
Centennial Yards Company signed a long-term lease with Cosm, an immersive technology, media, and entertainment company, to create a 70,000-square-foot, three-level entertainment venue, which will deliver live sports and experiential entertainment. The venture will be part of the Sports and Entertainment…
Rally House has opened a new location at Rally House Southridge Mall in Greendale, Wisconsin. Rally House Southridge Mall is the company’s third storefront in the Milwaukee metro and fourth store location in Wisconsin. In October of 2023, Rally House…
SRS Real Estate Partners Capital Markets said that over the past 18 months, the firm has sold a total of 50 drive-thru properties occupied by single-tenant, net-leased coffee shops including Starbucks, 7 Brew, Caribou Coffee, Dunkin’, Dutch Bros Coffee and Scooters…
Turnberry is a step closer to breaking ground on The St. Regis Nashville and The Residences at The St. Regis Nashville. The Metro planning agency voted to approve a concept plan for the project, which would be 46 stories tall….
Prime US REIT has unloaded One Town Center in Boca Raton, Florida, for $82 million, a considerable loss. The company paid $99.5 million for the property in 2021. Prime US REIT sold the 200,858-square-foot office building and 435-space parking garage…
Clearway Pain Solutions, a pain management medical practice, has signed a lease with Padonia Place, LP, for 10,490 square feet of space at 2405 York Road. The transaction brings the three-story medical office building in Timonium to 100 percent occupied. Clearway leased 6,400…
The distress rate on apartment loans with CMBS financing has increased 185% year to date, according to CRED iQ. Loans in the multifamily sector began 2024 with a 2.6% distress rate—a composite of the special servicing and delinquency rates—and now…
Marcus & Millichap closed the sale of MedMark Medical Center, a 12,750-square-foot medical office located in Lafayette, Indiana. The property sold for $2.6 million with a 6.6 percent cap rate. Three and a half years remain on the NN lease…
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