Unibail-Rodamco-Westfield, which owns 31 shopping centers in the United States, said it has put a "taskforce" in place to "deliver a radical reduction" of its exposure to the United States It already has put in motion a plan to give back four...
Two executives of the entity that owns a dozen medical-office properties in New Jersey and Florida, whose $7767 million of CMBS financing has been in special servicing for two full years, are alleged to have misrepresented the properties' financial...
A total of at least $12 billion of CMBS financing against eight regional malls matured in recent weeks without getting retired The number shows just how difficult it is for malls, particularly those anchored by Macy's, JCPenney and Sears, to attract...
Commercial Real Estate Direct Staff Report McKinley Mall in Buffalo, NY, is being acquired by Kohan Retail Investment Group, resolving a troubled $322 million CMBS mortgage against the retail property A report by Spectrum News pegged the...
Crain’s New York Business An investment group led by Allied Partners has filed a lawsuit in New York State Supreme Court claiming Equinox owes $33 million in unpaid rent and other charges for its fitness center at the Prince Building in...
Rialto Capital Advisors was the most-active buyer of CMBS conduit B-pieces during the first half of the year, investing in the most subordinate classes of four conduit deals with a total balance of $413 billion The most-active retainer of risk was...
The volume of CMBS loans in special servicing declined in June by $247 billion, or 527 percent, to $4443 billion, according to Trepp LLC That marked the ninth straight month that volumes had declined Loans against hotel and retail properties showed...
Commercial Real Estate Direct Staff Report The delinquency picture in the CMBS world continues to get brighter as the volume of loans that are more than 30-days late in June declined to $332 billion from $3349 billion in May, according to Trepp LLC...
Private-label CMBS issuance climbed in the first half of the year by more than 50 percent from last year's coronavirus-weakened pace, to $4626 billion That volume also topped, by 20 percent, issuance during the first half of 2019 When the...
A total of 1,379 CMBS conduit loans with a balance of $253 billion mature through the end of next year, according to analysis by Kroll Bond Rating Agency The risk lies in the $148 billion, or 60 percent, of the upcoming maturities that are backed by...
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.
Subscribe to our Weekly Newsletter!
