The Boston Herald has reported that Anglo Irish Bank has filed to foreclose on One Kendall Square located adjacent to Massachusetts Institute of Technology. The 676,000 square foot mixed-use property was acquired in 2006 for $210.5 million by the Beal Companies and Rockwood Capital. But according to Beal and Rockwood, ... More
Archive for November, 2010
REO Monitor: 1 Kendall Square, Cambridge
Wednesday, November 10th, 2010REO Monitor: Crossroads One, Englewood, CO
Monday, November 8th, 2010Berkadia Commercial Mortgage has engaged Cushman & Wakefield's Denver office to market Crossroads One at Meridian in Englewood, Colorado. According to TREPP, the outstanding mortgage had an unpaid balance of $12.1 million. View Larger Map Located in the Meridian office submarket, the property is currently 55% occupied. The building's largest tenant ... More
A “core” opportunity for some
Sunday, November 7th, 2010Various outlets continue to cover the high demand for core investments in commercial real estate. Last week, the Wall Street Journal featured an article titled, simply, Investors Find Opportunity in 'Core'. Other than mentioning the low returns in treasuries and that various pension funds got burnt in the downturn ... More
Update: Commercial property prices
Saturday, November 20th, 2010October's Moody's/REAL CPPI report contained an interesting chart which graphs commercial property prices against the consumer price index (CPI). According to this graph, the CPPI has now over-corrected, relative to its long run equilibrium. This is similar to a chart included in Dr. Geltner's Professor's Comments newsletter several months ago. ... More
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