Fairstead closed on a $20M investment to acquire and rehabilitate Sunflower Terrace Apartments at 5050 Sunflower St. in Houston’s southern Sunnyside neighborhood. Sunflower Terrace Apartments Fairstead will work with R4 Capital, its mortgage lending affiliate R4 Capital Funding and the…
Large-scale loans helped drive significant credit changes in newly delinquent loans, cured loans and modified loans during July, Trepp reported. For example, the office CMBS delinquency rate rose 54 basis points last month to 8.09%, with a single loan–the $670-million…
Chicago-based commercial real estate brokerage firm Greenstone Partners announced the addition of two experienced assets to its team. Senior Marketing Manager Jessica Langner and Graphic Designer Hannah Hudelson joined the organization, bringing robust and enhanced marketing support. Additionally, Trevor Allen…
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…
A 119-key boutique hotel in downtown Alpharetta, GA has returned to its lender, the Atlanta Business Chronicle reported. The Hamilton, part of Hilton’s upscale Curio Collection, was foreclosed upon on July 2. An affiliate of Atlanta-based Peachtree Group was the highest…
Metropolitan Life Insurance Co. has taken the 166,000-square-foot office property at 240 W. 35th St. in Midtown Manhattan by foreclosing against a mortgage it had provided in 2018, Trepp reported. It made a $30-million credit bid at a May 29…
Ashley Capital started construction on a new speculative 397K SF industrial building at 11101 Enterprise Way in Sturtevant, Wisconsin. This will be the third building constructed at the firm’s Enterprise Business Park, and it’s just one of the many spec…
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