Crain’s Chicago Business McKinsey has agreed to sublease 72,000 square feet of office space at Chicago’s Salesforce Tower The consulting firm is subleasing the space from the 12 million-square-foot building’s namesake tenant,...
Crain’s Chicago Business A venture of Franklin Partners and Bixby Bridge Capital has paid $16 million for the $6816 million of CMBS debt against 200 West Monroe St in Chicago The purchase puts the venture in position to seize the...
While agency loans comprise an overwhelming majority of the securitized multifamily loan universe, CMBS loans carry disproportionately higher delinquency rates, shorter remaining terms, and greater refinancing sensitivity...
Commercial Real Estate Direct Staff Report The chronically under-occupied office buildings at 12555 and 12655 West Jefferson Blvd in the Playa Vista neighborhood of Los Angeles are now more than 90 days late with payments on their $111 million...
Commercial Real Estate Direct Staff Report The $132 million CMBS loan against the 537,046-square-foot Millennium Corporate Park in suburban Seattle has had its maturity extended by three years through January 2029 But to win the modification, the...
Commercial Real Estate Direct Staff Report Meidinger Tower, a 332,129-square-foot office building in downtown Louisville, Ky, is being sold for $45 million to Indianapolis developer KennMar The transaction, which has been approved by a circuit court...
Commercial Real Estate Direct Staff Report The CMBS loan against the 174 million-square-foot office building at 1515 Broadway in Midtown Manhattan has been further extended through next March, after the building’s owner, a venture led by SL...
Commercial Real Estate Direct Staff Report The $160 million mortgage against the 234 million-square-foot US Steel Tower in Pittsburgh matures in less than two months and is evidently facing challenges getting refinanced The loan is scattered among...
Charlotte Business Journal The buzz is Sumitomo Mitsui Banking Corp is nearing a deal for 200,000 square feet of office space at 301 South College, a 994,000-sf property in downtown Charlotte, NC The Tokyo-based financial services company would be...
Commercial Real Estate Direct Staff Report The $335 million CMBS loan against the 407-room Norfolk Waterside Marriott is headed to foreclosure The loan, originated just three years ago and securitized through BANK5, 2023-5YR2, transferred to special...
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.
