Urban Edge Properties has lost the Kingswood Center mixed-use property in Brooklyn to foreclosure, reported Trepp. The REIT had purchased the property, at 1630 East 15th St. in the borough’s Midwood section, in 2020 for $88.8 million, subject to the…
One of the two original developers behind the Tri-County Mall project has formed a new ownership group and completed the repurchase of the Springdale, OH property, reigniting hopes for its $1-billion transformation into a mixed-use development, the Cincinnati Business Courier reported….
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…
Kiser Group has promoted three team members, Jackson Medina, Noah Shutan, and Hunter Wern, from Associates to Advisors. This advancement recognizes their exceptional contributions and reflects their growth within the company. Medina will continue to underwrite new deal opportunities for…
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JLL has hired Kristen Vosmaer as a managing director for its growing Data Center Work Dynamics business. In this role, Vosmaer is responsible for data center growth initiatives, building strong relationships and guiding high-performing teams dedicated to delivering exceptional client…
Connect News Commercial Real Estate news for every market and every facet, every day. Connect Events Live and virtual events bringing together the best of information and networking. Connect Awards View the A-list of commercial real estate & submit nominations….
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