The Real Deal The $349 million loan against the 928,157-square-foot office building at 110 William St in lower Manhattan has defaulted The loan is held by Invesco Real Estate, which had provided it in 2019, allowing the 32-story building’s...
Commercial Real Estate Direct Staff Report The $8982 million CMBS loan against the 12 million-square-foot Mall at Stonecrest in suburban Atlanta finally has been resolved through a discounted pay-off The collateral property’s owner, a venture...
Commercial Real Estate Direct Staff Report The $300 million CMBS loan against the Santa Monica Place shopping mall in Santa Monica, Calif, has transferred to special servicer Argentic Services Co as its December maturity approaches The loan is...
Another CMBS loan against a shopping mall has transferred to special servicing because it's expected to default at its upcoming maturity The latest is the $11401 million mortgage against Park City Center in Lancaster, Pa, which is owned by an...
Commercial Real Estate Direct Staff Report Parkway Inc is working to get the maturity date of the $465 million CMBS loan against its Greenway Plaza office complex in Houston extended The loan, securitized through GS Mortgage Securities Corp,...
Commercial Real Estate Direct Staff Report The $10317 million CMBS loan against the Coastland Center shopping mall in Naples, Fla, has transferred to special servicer Rialto Capital Advisors because it’s expected to default at its November...
Commercial Real Estate Direct Staff Report The $6508 million CMBS loan against the Southland Center Mall in the Detroit suburb of Taylor, Mich, defaulted at its maturity last month The loan is the second largest in the collateral pool for...
The volume of CMBS loans in special servicing declined by a mere 035 percent in July, to $2915 billion, marking the smallest monthly decline since January 2021 While the volume of retail and hotel loans continued to decline, the volume of office...
Moody’s Investors Service has downgraded the $4924 million class A-S, to Ba2 from Baa3, of Morgan Stanley Bank of America Merrill Lynch Trust, 2013-C11, because of the losses it expects the bond class to suffer, as well as the increased risk...
Inline store sales at the 44 shopping malls owned by Macerich Co increased in the second quarter by 76 percent from a year ago, to $860/sf That's the highest-ever store sales level recorded by the REIT and is 11 percent greater than levels reached...
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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