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Lenders poured billions into Manhattan office towers in October, originating almost $4 billion in CMBS debt. Five office towers landed the month’s largest financing deals, led by a pair of trophy towers owned by Brookfield Properties. Both l...
You won’t hear a lot about office woes in Orange County, but nowhere is perfect. The commercial mortgage-backed securities debt connected to an office park located in Westminster went to special servicing after the borrower defaulted on abou...
Banc of California’s name will soon loom over downtown Los Angeles. The financial institution, one of the biggest banks in California, has signed an 11-year lease for 40,000 square feet at 865 South Figueroa Street, CoStar reported. The buil...
September was another busy month for New York City office deals. The top four on this list of the largest office leases alone comprise well over one million square feet of leased office space. Also included are a controversial new city departme...
Things just keep getting worse for Norman Kravetz.The Realty Bancorp Equities principal defaulted this summer on the commercial mortgage-backed securities debt connected to a five-office-property portfolio, and now faces calls to cede control t...
Commercial real estate advisor and service provider Newmark Group, Inc. announced the sale of The Link at Uptown, the recently delivered, class AA office tower in the Uptown submarket of...
In a landmark deal for Manhattan, N.Y., real estate investment firm RXR has purchased the 42-story, Class A skyscraper at 590 Madison Ave. for approximately $1.1 billion. This marks the ...