The Real Deal Maverick Real Estate Partners has sued to foreclose against the $255 million loan that backs the 20,577-square-foot retail building at 446 West 14th St in Manhattan’s meatpacking district The property is owned by Thor Equities,...
The volume of CMBS loans in special servicing increased by nearly 5 percent last month to $3217 billion, according to Trepp Inc That marked the largest increase in that metric since August 2020, when volumes had ballooned by 621 percent The latest...
The collateral for at least 204 loans with a balance of $665 billion are likely in the hands of receivers, according to a study by Academy Securities' securitized products research and strategy team Nearly a third of the loans, by number, are backed...
The venture that owns the Bridgewater Commons shopping center in northern New Jersey is no longer willing to inject additional equity into the property and is poised to turn the property over to the CMBS trust that holds a $300 million loan against...
Commercial Real Estate Direct Staff Report The Dayton Mall in suburban Dayton, Ohio, has been appraised at a value of $402 million, well less than the $7486 million owed against it The latest appraisal was highlighted yesterday in a CMBS Newsflash...
Commercial Real Estate Direct Staff Report A fund affiliate of Keystone Property Group that owns the 133,115-square-foot One Presidential Blvd office building in the Philadelphia suburb of Bala Cynwyd, Pa, has offered to give the property to its...
Crain’s New York Yellowstone Real Estate Investments has filed to foreclose against $170 million of mortgage debt it holds against the 697-room Maxwell Hotel at 541 Lexington Ave in midtown Manhattan The New York investor had purchased the...
Three hotels in downtown Portland, Ore, that secure a total of $29145 million of CMBS debt could be facing foreclosure as the loans have been delinquent for months Two of the hotels, the 455-room Hilton Portland and the 327-room Duniway, are...
Crain’s New York Business Bank Hapoalim, which four years ago had provided $33 million of financing for the development of a 286-room hotel at 140 Fulton St in lower Manhattan, has filed to foreclose The bank claims the loan is in default,...
Atlanta Business Chronicle Situs Holdings has taken the 248 million-square-foot Peachtree Center office and retail property in Atlanta through foreclosure Banyan Street Capital previously had owned the seven-building complex, but was unable to...
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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