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Home > Loans on Babcock & Brown Properties Drive Runup in Special Servicing Volume
KeyBank, special servicer of what had been a $285 million CMBS loan against the 248,457 square feet of retail space at 229 West 43rd St in Manhattan's Times Square area, has hired CBRE to sell the property The space has been in a world of hurt since...
Coupons on loans against commercial properties have fluctuated since spiking, in lockstep with lenders' perception of risk, following the Covid...
ConnectCRE Covington & Birling has agreed to sublease 235,479 square feet from Warner Brothers Discovery at 30 Hudson Yards, a 146 million-sf office property in Manhattan Meanwhile, the law firm will sign a direct lease for that space once...
The Real Deal SMS Assist LLC is expected to pay $75 million to terminate its lease for 114,383 square feet at Prudential Plaza, a 227 million-sf office property in Chicago The property maintenance solutions company is said to be leaving the property...
The volume of CMBS loans that are now classified as being more than 30 days late declined in May by $508 million to $292 billion, according to Trepp Inc The volume of office loans that are delinquent declined by more than 6 percent That was due to a...
The Real Deal Nvidia has paid $374 million, or $680/sf, for its 550,000-square-foot headquarters in Santa Clara, Calif The tech company purchased the property from Preylock Holdings, which had acquired it in 2017 for $240 million Newmark brokered...
CMBS special servicers had 63 loans with a balance of $546 billion transfer to their portfolios last month, the largest monthly volume of transfers in more than two years, according to Trepp Inc A total of $4762 billion is now in special servicing,...
Commercial Real Estate Direct Staff Report Illinois Center, a two-building office complex with 21 million square feet in Chicago’s East Loop submarket that long has struggled with occupancy, last month missed a debt-service payment on its...
Macerich Co, which two months ago named Jackson Hsieh its president and chief executive, has adopted a plan that will lead to it selling perhaps 10 properties and giving back up to six of its malls to its lenders...
Commercial Real Estate Direct Staff Report Hagerstown Premium Outlets, a 484,994-square-foot retail property in Hagerstown, Md, has had its appraised value cut again, to $325 million, putting it 79 percent lower than the $150 million value pegged to...
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© 2023 Commercial Real Estate Direct All rights reserved..
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