Commercial Real Estate Direct Staff Report The appraised value of the Hilton Suites Chicago Magnificent Mile, a 345-room hotel in Chicago, has been reduced to $619 million That’s down from the $631 million value pegged to it last year and...
Commercial Real Estate Direct Staff Report The appraised value of the Augusta Mall, a 500,222-square-foot retail property in Augusta, Ga, has been reduced to $1593 million That’s down from the $250 million appraised value pegged to the mall in...
Commercial Real Estate Direct Staff Report The $2549 million of securitized debt against the 980,711-square-foot Providence Place Mall in Rhode Island has been transferred to special servicing due to imminent default The loan’s transfer to...
Commercial Observer Yellowstone Real Estate has paid about $200 million for the distressed loan against the 603,928-square-foot office building at 1740 Broadway in Manhattan Midland Loan Services, special servicer for the CMBS trust that holds the...
Commercial Real Estate Direct Staff Report Orda Management Corp, which owns Manhattan’s 225 and 233 Park Ave South, is expected to default on the 675,756-square-foot office property’s $235 million CMBS loan As a result, the loan has been...
Commercial Real Estate Direct Staff Report The $19 million CMBS loan against the 182,505-square-foot office property at 700 17th St in Denver has transferred to special servicer LNR Partners as it is more than 90 days delinquent The transfer was...
Commercial Real Estate Direct Staff Report The $2584 million loan against Philadelphia Mills, a 158 million-square-foot shopping mall in Philadelphia, has been transferred to special servicing due to imminent default The transfer, to Greystone...
Commercial Real Estate Direct Staff Report The 120,215-square-foot office building at 717 14th St in Washington, DC, was appraised recently at a value of $105 million That’s down 81 percent from the $56 million value pegged to it 10 years ago...
Commercial Real Estate Direct Staff Report The $300 million loan against the 527,000-square-foot Santa Monica Place Mall in Santa Monica, Calif, has transferred to special servicer Argentic Services Co as its expected to default at its upcoming...
Commercial Real Estate Direct Staff Report The $12046 million of financing against Yorktown Center, a 787,389-square-foot retail center in Lombard, Ill, has transferred to special servicer KeyBank as it was not paid off at its maturity The transfer...
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.
