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...
While the overwhelming majority of CMBS shopping mall loans are performing, 59 loans with a balance of $427 billion, or just more than 8% of the total mall balance, are delinquent, according to the TreppCRE...
Commercial Real Estate Direct Staff Report Moody’s Ratings estimates the value of the Hilton Minneapolis hotel at only $8911 million, contributing to its decision to downgrade three classes of a CMBS deal it rates that holds a $180 million...
Commercial Real Estate Direct Staff Report The CMBS trust that held the $105 million loan against the 80,032-square-foot Scribner Building and its neighboring Redfern Building in Midtown Manhattan suffered a $7666 million loss as a result of the...
Commercial Real Estate Direct Staff Report The 382,256-square-foot 750 Lexington Ave office building in Midtown Manhattan has been reappraised at a value of $39 million—an eighth of the value pegged to it 11 years ago The building has 335,576 sf...
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.
