The $235 million CMBS loan against the 511,208-square-foot office building at 285 Madison Ave in midtown Manhattan has been transferred to special servicing at the request of the property's owner, RFR Holdings, which is hoping to get the loan's...
Namdar Realty Group is said to have purchased the Emerald Square Mall in North Attleboro, Mass The Great Neck, NY, investor paid $2917 million for the retail property, which was sold by the two CMBS trusts that had held $9452 million of debt against...
The $12394 million of CMBS financing against the Westfield Citrus Park Mall in Tampa, Fla, has been modified as part of a transaction facilitating the property's sale The loan, securitized through Morgan Stanley Bank of America Merrill Lynch Trust,...
Unibail-Rodamco-Westfield's plan to radically reduce its exposure to the United States by the end of next year could end up costing CMBS investors A total of 13 of the company's malls are encumbered by $307 billion of financing that's been...
The Real Deal Jamestown has lined up $425 million of financing from JPMorgan Chase Bank to help cover the cost of redeveloping One Times Square, a 26-story building in midtown Manhattan that hosts a number of billboards and electronic signs The...
The $140 million CMBS loan against the MainPlace Mall in Santa Ana, Calif, has transferred to special servicing because its owner has asked that its term be extended The loan, securitized through UBS-BAMLL Trust, 2012-WRM, is slated to mature early...
The volume of CMBS hotel loans in special servicing last month declined by an impressive 175 percent to $834 billion, according to Trepp Inc That's the lowest volume since before the coronavirus pandemic and helped push the overall volume in special...
Ramsfield Hospitality Finance and CarVal Investors have provided $36 million of mortgage financing against the 177-room Galleria Park Hotel in San Francisco, allowing for a maturing $2952 million CMBS loan to get taken out The CMBS loan that was...
The venture that acquired the Fairlane Town Center in Dearborn, Mich, and Shops at Willow Bend in Plano, Texas, is very likely to redevelop the two retail properties It's still too early to say just how they'll be redeveloped, but it's likely both...
Last year, an estimated 56 percent of Americans who moved left the state they had lived in, continuing a trend that was facilitated by the work-from-home flexibility that many employers offered in the wake of the coronavirus pandemic The five states...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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