Rialto Capital Advisors is leading a ranking of most-active buyers of CMBS conduit B-pieces through the first nine months of the year But KKR Real Estate Credit Opportunity Partners was the most active retainer of horizontal risk from conduit deals...
Philadelphia Business Journal GlaxoSmithKline plans on vacating the 207,779-square-foot office building at 4411 South Broad St that it fully leases in Philadelphia The pharmaceuticals company will occupy 46,000 sf at the FMC Tower, at 2929 Walnut...
Commercial Real Estate Direct Staff Report The volume of CMBS loans that are more than 30 days late with their payments plunged by another 646 percent last month to $2875 billion, according to Trepp LLC That’s the lowest volume of delinquency...
Regions Bank has struck a deal to buy Sabal Capital Partners’ lending and mortgage servicing operation, bolstering its real estate capital markets operation Sabal, a Pasadena, Calif, lender, specializes in the small-balance sector, meaning it...
Private-label CMBS issuance during the third quarter totaled $2233 billion, more than double the $104 billion issued during the same period a year ago and well exceeding the $182 billion of issuance in 2019 That brings year-to-date issuance to $676...
A total of $192 billion of CMBS loans against regional shopping malls have been liquidated since the beginning of 2019, resulting in more than $102 billion of losses to the trusts that held them, according to data compiled by Trepp LLC...
Commercial Observer The Birch Group has agreed to pay $380 million, or $304/sf, for 101 Hudson St, a 125 million-square-foot office building in Jersey City, NJ The Nanuet, NY, company is buying the 42-story property from Mack-Cali Realty Corp, a...
The Real Deal The Moinian Group has settled its lawsuit with the National Basketball Association over unpaid rent at 545 Fifth Ave in Manhattan The New York company, which owns the building, had filed the suit in June 2020, claiming the professional...
Commercial Real Estate Direct Staff Report The credit profile of the CMBS universe continues to improve, as the volume of loans in special servicing declined by $162 billion, or 368 percent, to $4242 billion That amounts to 779 percent of the...
Commercial Real Estate Direct Staff Report Kohan Retail Investment Group purchased the Wyoming Valley Mall in the northeast Pennsylvania city of Wilkes-Barre The Great Neck, NY, investor, perhaps the most active buyer of malls that back soured CMBS...
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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