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 Staff Report The volume of CMBS loans that are classified as being more than 30-days late declined by 7 percent last month, to $3073 billion, according to Trepp LLC That was the largest single-month decrease in...
Greystone has named Brett Gaffan senior managing director in its CMBS lending group Gaffan reports to Rob Russell, who heads CMBS production at the New York lender He joined from Societe Generale, where he was a director and handled the origination...
Forum Capital Advisors, which two years ago launched a fund that pursued investments in commercial real estate debt instruments, is taking that vehicle a step further It's converting it into an open-ended vehicle, Forum CRE Income Fund, that invests...
The venture that owns the Royalton Park Avenue Hotel in Manhattan's Midtown South area has been granted a two-year extension of its $124 million senior mortgage The loan is split into a $5767 million piece that's securitized through GS Mortgage...
Commercial Real Estate Direct Staff Report Ladder Capital Corp originated 22 loans totaling $839 million, including $35 million of fixed-rate conduit loans during the three months through the end of June, and has another $1 billion of loans under...
West Park Mall in Cape Girardeau, Mo, has sold to a group of local investors for what is said to have been $10 million The 509,713-square-foot retail property was the last of five shopping malls that had secured what had been a $240 million loan...
The volume of CMBS loans declined again in July, to $4404 billion, marking the slowest rate of decline since January The problem in the latest month were loans against retail properties A total of $1869 billion are now in special servicing, up 12...
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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