A significant slug of securitized mortgages backed by hotels in the Austin, Texas, metropolitan statistical area could face refinancing challenges, as 39 loans with a total balance of $68558 million have debt yields less than 9%, according to data...
About 250 years after the original 13 colonies declared their independence from England, their commercial real estate markets are facing a very different battle: CMBS office...
The World Cup is being held on North American soil for the first time since 1994 While it's still too early to gauge the full economic impact of the tournament on the US hotel sector, the early buzz is that hotels are benefiting from the event...
A total of $187 billion of CMBS loans against Philadelphia office buildings are delinquent Six of the collateral buildings, which back $52518 million of financing, are or soon will be in...
Commercial Real Estate Direct Staff Report Denver’s Wells Fargo Center office building continues to face declining occupancy, which has contributed to another drop in its appraised value The 52-story building, at 1700 North Lincoln St, was...
A total of 35 CMBS loans with a balance of $271 billion were transferred to special servicers last month But they worked out $149 billion of loans during that time, so the net increase in special servicing volumes was $122...
Since 2024, conduit loan spreads have varied by region and metropolitan statistical area despite stable national median spreads, creating a clear—though narrower—pricing hierarchy than in...
The securitized world has $11 trillion of mortgages against multifamily properties An overwhelming majority were originated by government-sponsored enterprises, with a relatively tiny portion by CMBS lenders The latter have higher delinquency rates,...
The Commercial Real Estate Finance Council’s annual conference got underway at Manhattan’s Marriott Marquis hotel this morning, with some 1,200 people in attendance One of the initial takeaways: don’t count on capitalization-rate...
Brookfield Property Partners' GGP operation is facing challenges at three shopping malls that back $40216 million of 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.
