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 Clipper Realty Inc expects to turn over the 12-story mixed-use building at 250 Livingston St in Brooklyn, NY, to its lender Last September, the New York REIT stopped making debt-service payments on the...
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...
Class Amt $mln Sub Level % Avg Life (yrs) Rating Fitch Rating Kroll Rating Moody’s Price % Yield % Final Pricing (bp) Bnch mrk A-1 126 3000 237 AAA AAA Aaa 9999995 480601 +709 J-spread A-2 7200 3000 460 AAA AAA Aaa 10099999 48572 +77...
Commercial Real Estate Direct Staff Report Manchester Financial Group, which owns the 1,048-room Fairmont Austin hotel in Austin, Texas, tapped a reserve fund to pay some of the property’s taxes It evidently did that without consent of its...
Commercial Real Estate Direct Staff Report The 21 million-square-foot Illinois Center office complex in Chicago’s East Loop submarket has been reappraised at a value of $665 million The two-building property, at 111 East Wacker Drive and 233...
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,...
Commercial Real Estate Direct Staff Report RXR Realty is offering for sale the Helmsley Building, a 14 million-square-foot office property in Manhattan The offering, which was first reported by Commercial Observer, comes more than two years after...
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.
