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Website title: Commercial Real Estate Direct – CMBS & CRE News, Data, and Charts

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Commercial Real Estate Direct Staff Report The construction pipeline for data centers in the country’s primary markets declined last year by 5.6% from 2024 to 5,994.4 megawatts of power capacity at the end of last year, according to CBRE. That marked the first time the size of the pipeline has shrunk since 2020. In fact, […]

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JLL Capital Markets has arranged $40 million of financing against the 238-unit Griffis Belleview Station apartment property in Denver. The seven-year loan, with a fixed coupon was provided by a life-insurance company that couldn’t immediately be identified. The Griffis Belleview property, at 4400 South Monaco St., is owned by Griffis Residential of Greenwood Village, Colo., [...


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Northmarq has originated $22.73 million of Fannie Mae financing against the 49-unit One West Drive apartment property in the Minneapolis suburb of Excelsior, Minn. The fixed-rate loan allowed the property’s developer, a venture of Monarch Development Partners of Nashville, Tenn., and Red Leaf Partners of Excelsior, to retire construction debt provided by MidWestOne Bank. Brue...


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Crain’s Chicago Business Kohan Retail Investment Group is in talks to buy the 1.5 million-square-foot Citadel Center office property in Chicago. The Great Neck, N.Y., investor would be buying the property, at 131 South Dearborn St., from a venture of TPG Angelo Gordon and Hines. The thinking is that the price paid would be less […]

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Commercial Real Estate Direct Staff Report Macerich Co. has negotiated a four-term term extension of the $200 million mortgage against its South Plains Mall in Lubbock, Texas, taking its maturity to November 2029. The Santa Monica, Calif., REIT previously planned to offer the 1.31 million-square-foot shopping mall for sale, but late last year changed its […]

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