Commercial Real Estate Direct Staff Report A total of 161 million square feet of office leases were signed in Manhattan during the first three quarters of 2020, a 421 percent decline from the 278 million sf during the same period a year ago,...
Shopping malls continue to face challenges, but well-capitalized sponsors increasingly have been able to negotiate modifications for loans against properties that had performed strongly before the coronavirus...
Commercial Real Estate Direct Staff Report Owners of apartment properties lost an estimated $92 billion of revenue from missed rental payments in the third quarter, according to a study by the Mortgage Bankers Association That was up slightly from...
Commercial Real Estate Direct Staff Report The average asking rent for ground-floor retail spaces in Manhattan declined in the third quarter by 128 percent when compared with last year, to $659/sf, according to CBRE That represented a 42 percent...
Crain’s New York Business The vacancy rate for Manhattan apartment properties last month increased to 6 percent, according to a report from Douglas Elliman That’s up from 2 percent last September and 51 percent in August Meanwhile, the...
The volume of CMBS loans in special servicing increased by 39 percent last month, to 1,885 loans with a balance of $5637 billion from $5425 billion in August, according to Trepp LLC That amounts to 1048 percent of the $53767 billion universe, up...
Commercial Real Estate Direct Staff Report The volume of Freddie Mac apartment loans that have terminated their forbearance agreements, by paying off any amounts due, last month exceeded the volume of loans requesting forbearance As a result, the...
Commercial Real Estate Direct Staff Report Prices for commercial properties increased marginally last month, according to Real Capital Analytics‘ Commercial Property Pricing Index, halting what had become a four-month decline in pricing...
Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency as of the end of last month classified 4,964 CMBS loans with a balance of $9293 billion, or 2735 percent of the non-defeased loans in the CMBS 20 universe, as Kroll-Loans of...
A total of 488 CMBS loans with a balance of more than $13 billion - roughly 2 percent of the CMBS universe rated by Fitch Ratings - have been granted some sort of relief, from payment deferrals to maturity extensions The overwhelming majority of...
