The Real Deal Colonnade Management has paid $192 million for the land beneath 909 Third Ave, a 134 million-square-foot office building in Manhattan The New York company bought the land, or fee interest, from 601W Cos, which had acquired it in 2004...
Washington Prime Group, which earlier this week filed for Chapter 11 bankruptcy protection, last month had added seven shopping malls to its list of non-core properties, bringing the number of malls in that category to nine Among the latest...
The volume of CMBS loans actively managed by special servicers declined by just more than 4 percent last month, to $469 billion from $4885 billion in April, according to Trepp LLC It marked the eighth straight month that special servicing volumes...
Enclosed shopping malls that back CMBS loans in special servicing have seen their appraised values get walloped DBRS Morningstar found that 95 malls that back $904 billion of CMBS financing had their values reduced by more than $926 billion, or 611...
Commercial Real Estate Direct Staff Report Accesso Partners, which owns the 602,122-square-foot One City Centre office building in Houston, has chosen to no longer fund the building’s operating shortfalls and debt-service requirements The...
Commercial Real Estate Direct Staff Report It looks like the performance of CMBS collateral continues to improve The expectation, based on a draft report by Kroll Bond Rating Agency, is that delinquencies to the universe it tracks – roughly 55...
The 1,078 properties backing CMBS loans that had been in special servicing since the coronavirus pandemic got underway last year saw their appraised values drop by an average of 302 percent, according to a study by Kroll Bond Rating Agency The drop...
A total of 37 CMBS loans with a balance of $113 billion transferred anew to special servicing in April, according to Trepp LLC But special servicers resolved substantially more - roughly $34 billion - resulting in a 442 percent decline in the volume...
Commercial Real Estate Direct Staff Report The volume of delinquent CMBS loans declined by 1 percent last month, to $353 billion from $3566 billion, marking the 10th straight month in which delinquencies have dropped, according to Trepp LLC That...
Commercial Real Estate Direct Staff Report A gauge that Kroll Bond Rating Agency uses to measure stress in the CMBS sector declined in March for the first time in more than a year The company’s Kroll-Loans of Concern, or K-LOC, index fell to...
