Pyramid Cos has reached an agreement for the modification of a CMBS loan against another of its shopping malls That brings the volume of loans for which the Syracuse, NY, developer has reached modification agreements to $2 billion, or 91 percent of...
Commercial Real Estate Direct Staff Report Pennsylvania REIT has reached a modification agreement with 80 percent of the lenders on nearly $11 billion of outstanding debt The Philadelphia company owns 26 retail properties with more than 20 million...
Investment bank Brean Capital has hired a team of seasoned CMBS servicing professionals and launched a commercial mortgage special servicing operation, Brean Real Estate Solutions The team is comprised of Julie Madnick, Henry Bieber and Linda...
Commercial Real Estate Direct Staff Report Pasquale Cardone, a Citi CMBS trader who left earlier this year, has launched an investment operation that’ll take opportunistic positions in CMBS and real estate equity securities He’s...
Morgan Properties has paid $323 million, or $99,201/unit, for 19 apartment properties with 3,256 units in North and South Carolina The company bought the portfolio from Threshold Capital and has lined up debt from PGIM Real Estate, allowing it to...
A venture of Golden East Investors and Pacific Retail Capital Partners has been selected to take over management of a portfolio of seven shopping malls that Starwood Capital Group had capitalized with an Israeli bond offering and a total of $780...
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...
The volume of CMBS loans that are more than 30-days late declined again last month, to $479 billion from $488 billion in August, according to Trepp LLC It marks the third straight month that the delinquency volume has declined But 800 loans totaling...
The coronavirus pandemic continued to wreak havoc on the commercial mortgage sector during the third quarter, as evidenced by the anemic $104 billion of domestic, private-label CMBS issuance That was an improvement from the second quarter's $9...
Commercial Real Estate Direct Staff Report A total of 28 hotels, from full-service to limited-service properties, are being offered via the Ten-X auction platform through brokers that include JLL, Marcus & Millichap and CBRE Bidding will take...
