Commercial Real Estate Direct Staff Report Trion Properties has paid $236 million, or $226,923/unit, for Courtyard at Artisan Square, a 104-unit apartment property in Sacramento, Calif The Los Angeles investment manager purchased the property from a...
Commercial Real Estate Direct Staff Report The 511,208-square-foot office building at 285 Madison Ave in midtown Manhattan has been appraised at a value of $411 million, one-third less than the $610 million value pegged to it in 2017 when a $475...
The $2771 million loan against the Wells Fargo Center in Denver has transferred to special servicing as it matured last month The loan originally had matured a year ago and was extended through last month To meet the requirements of a further...
Commercial Real Estate Direct Staff Report The $15987 million CMBS loan against the 988,646-square-foot office building at 301 South College St in Charlotte, NC, has transferred to special servicing because it’s expected to default at its May...
Fitch Ratings has downgraded 10 classes of JPMBB Commercial Mortgage Securities Trust, 2014-C24, as it has increased its projection for losses from the deal’s collateral pool, which includes a pair of potentially problematic loans backed by...
Commercial Real Estate Direct Staff Report The first CMBS conduit transaction of 2023 has hit the blocks The $7851 million transaction, BMO Commercial Mortgage Securities Trust, 2023-C4, includes loans from nine contributors, led by Bank of...
The $140 million CMBS loan against the MainPlace Mall in Santa Ana, Calif, has been extended through June, buying the property’s owner, Unibail-Rodamco-Westfield, additional time to complete a refinancing The loan, securitized through...
Commercial Real Estate Direct Staff Report Macerich Co has negotiated another three-year term extension of the $300 million mortgage against the Santa Monica Place shopping mall in Santa Monica, Calif The loan, securitized through Wells Fargo...
Over the next two years, more than $232 billion of CMBS conduit loans backed by retail properties will mature Retail remains the worst-performing property type in...
The office sector has received lots of attention in recent months as weak demand for space persists and borrowers with loans coming due face the prospect of both higher interest rates and lower asset...
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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