The volume of CMBS office loans classified as being more than 30 days late skyrocketed by nearly 45 percent last month to $675 billion, propelling the overall volume of delinquency to $2237 billion, or 363 percent of the CMBS universe tracked by...
The venture that owns a portfolio of seven office buildings with 213 million square feet in the Washington, DC, suburb of Arlington, Va, is unlikely to refinance the $841 million of indebtedness against the properties when it matures in the coming...
The Real Deal Uber is offering for sublease Chase Center Tower II, a 268,500-square-foot office property in San Francisco The rideshare company in 2019 started paying $85/sf for space at the building, but never moved in as it was having the property...
Leasing activity in the Manhattan office market totaled 736 million square feet in the first quarter, nearly 10 percent less than the 10-year quarterly average of a little more than 8 million sf, according to Colliers The lackluster leasing is...
Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has placed bonds from 11 CMBS conduit transactions on watch for possible downgrade because of their exposure to underperforming office properties The 11 deals were issued between...
The Washington, DC, office market had an availability rate of 217 percent in the first quarter - a record high - according to Savills Meanwhile, its office inventory fell to 1221 million sf from 124 million sf at the same time in 2022...
Commercial Real Estate Direct Staff Report CMBS delinquencies inched up in April to $191 billion from $1907 billion, leaving the delinquency rate unchanged at 309 percent, according to Trepp Inc The small increase in delinquency was offset by a rise...
Commercial Real Estate Direct Staff Report The $127 billion of financing against a portfolio of 146 office, flex and retail properties in Arizona, Florida, Minnesota and Pennsylvania owned by Workspace Property Trust has transferred to special...
Last month, CMBS special servicers had resolved 43 troubled loans with a balance of $223 billion But that wasn't enough to offset the addition of 42 loans with a balance of $275 billion to the special servicing rolls So, overall volumes increased by...
Commercial Real Estate Direct Staff Report Lenders widened the spreads, or risk premiums, on their office loans during the first quarter by more than 10 basis points, according to the Trepp-i survey But for other property types, spreads remained...
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