Kohan Retail Investment Group, the most prolific buyer of malls backing distressed CMBS loans, has paid $55 million for the Montgomery Mall in suburban Philadelphia The property, previously owned by Simon Property Group, had been encumbered by a...
Commercial Real Estate Direct Staff Report CMBS special servicers continue to see a decline in the volume of loans they’re handling In October, the volume of loans in their hands declined by 371 percent from September, to $3951 billion, which...
Commercial Real Estate Direct Staff Report The bankruptcy of an affiliate of HNA Group of China could result in the ultimate sale of office properties at 245 Park Ave in Manhattan and 181 West Madison St in Chicago The affiliate, PWM Property...
Commercial Real Estate Direct Staff Report The CMBS delinquency picture continued to improve, substantially, last month, with the overall volume of loans that are more than 30 days late with their payments declining by $33 billion, or 1148 percent,...
Commercial Real Estate Direct Staff Report Ladder Capital Corp generated $24 million of gains from the sale of $73 million of loans through the CMBS market during the third quarter, for a 329 percent profit margin That follows the second...
Commercial Real Estate Direct Staff Report Occupancy at Westfield San Francisco Centre, a 14 million-square-foot mixed-use property in San Francisco, is slated to decline to 64 percent by the end of the year, from its current 73 percent rate...
Rialto Capital Advisors is leading a ranking of most-active buyers of CMBS conduit B-pieces through the first nine months of the year But KKR Real Estate Credit Opportunity Partners was the most active retainer of horizontal risk from conduit deals...
Philadelphia Business Journal GlaxoSmithKline plans on vacating the 207,779-square-foot office building at 4411 South Broad St that it fully leases in Philadelphia The pharmaceuticals company will occupy 46,000 sf at the FMC Tower, at 2929 Walnut...
Commercial Real Estate Direct Staff Report The volume of CMBS loans that are more than 30 days late with their payments plunged by another 646 percent last month to $2875 billion, according to Trepp LLC That’s the lowest volume of delinquency...
Regions Bank has struck a deal to buy Sabal Capital Partners’ lending and mortgage servicing operation, bolstering its real estate capital markets operation Sabal, a Pasadena, Calif, lender, specializes in the small-balance sector, meaning it...
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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