Fort Worth Business Press The City of Fort Worth, Texas, is buying the former Pier 1 headquarters in that city’s downtown with plans to redevelop the 409,977-square-foot building into a new City Hall The 20-story property, at 100 Energy Way,...
CMBS delinquencies inched lower again last month, to $441 billion from $448 billion in October, according to Trepp LLC The November tally amounts to 818 percent of the $5397 billion universe tracked by Trepp and compares with the 828 percent...
The Chicago investment manager has acquired a portfolio of five San Francisco Bay-area hotels with 453 rooms Greystone Hotels of San Francisco sold the properties, four of which were encumbered by a total of $458 million of CMBS debt Oxford, which...
Taconic Capital Advisors has purchased the last two assets in the collateral pool of GE Commercial Mortgage Corp, 2007-C1 Those are the 428,629-square-foot 1111 Fannin St office building in Houston that the New York investor bought in a venture with...
Commercial Real Estate Direct Staff Report The $180 million mortgage against the Quaker Bridge Mall, a 11 million-square-foot enclosed mall near Princeton, NJ, has defaulted and the holder of a subordinate slice has indicated it won’t cure the...
Nearly 19 percent of all securitized loans against shopping malls are now delinquent, according to DBRS Morningstar That's 93 loans with a balance of $965 billion of a total mall-loan universe of 377 loans with a balance of $5163...
Commercial Real Estate Direct Staff Report The $606 million CMBS loan against the Jefferson Mall shopping center in Louisville, Ky, has been extended by four years through June 2026 The loan, securitized through JPMorgan Chase Commercial Mortgage...
Commercial Real Estate Direct Staff Report Joseph E Marx Co, which owns the ground beneath the 139,540-square-foot office building at 545 Madison Ave in midtown Manhattan, has completed its assumption of the building itself The move came after the...
Kennedy Wilson has purchased a stake in three apartment properties with 880-units in Tempe, Ariz, Colorado Springs, Colo, and Broomfield, Colo, in a deal valued at $198 million The properties are: Rockrimmon, with 260 units at 5824 Walsh Point Drive...
Simon Property Group has told its loan servicer that it was unwilling to inject additional equity into the Montgomery Mall in suburban Philadelphia, a sign that the retail property soon will be owned by its lenders The 11 million-square-foot...
