Seven shopping malls owned by Simon Property Group have seen their appraised values sharply reduced in recent months, most to levels less than what is owed against them The properties are encumbered by a total of $6682 million of CMBS debt Simon has...
Dallas Morning News Harwood Center, a 723,963-square-foot office property in Dallas, is scheduled to be sold at a March 2 foreclosure auction Fortis Property Group of New York previously had owned the 36-story building, at 1999 Bryan St, which...
The SEC yesterday filed a civil suit alleging that Morningstar Credit Ratings in 2015 and 2016 had allowed for undisclosed adjustments to its CMBS ratings model, impacting the ratings it assigned to 30 deals totaling $30 billion The regulator also...
Commercial Real Estate Direct Staff Report The volume of CMBS loans in special servicing declined again in January, to $525 billion from $5295 billion a month earlier, according to Trepp LLC While the decline was small – 085 percent – it...
The Real Deal Hartz Mountain Industries has requested to turn over the 353-room Soho Grand and 201-room Roxy hotels in Manhattan to its lenders in a deed-of-lieu foreclosure, according to servicer notes compiled by Trepp LLC The Secaucus, NJ,...
Commercial Real Estate Direct Staff Report Brookfield Property Partners, which owns 121 retail properties with 120 million square feet, said it values roughly 20 of its malls at amounts equal to or less than what it owes against them In many cases...
Commercial Real Estate Direct Staff Report The volume of CMBS loans that are delinquent declined again in January by nearly 3 percent, to $4102 billion from $4218 billion in December, according to Trepp LLC That marked the seventh straight month...
Urban Edge Properties has injected $85 million of fresh equity into the Las Catalinas Mall in Caguas, Puerto Rico The injection of equity bought the New York REIT an 18-month extension of a $1271 million CMBS loan against the 494,071-square-foot...
The Real Deal PwC and Yelp are considering subleasing some of the office space it occupies in Manhattan PwC, an accounting and professional services firm, is looking to sublease some of the 800,000 sf it occupies at 300 Madison Ave and the 240,000...
Greystone has hired Matthew Downs as managing director on its CMBS lending team, where he reports to Robert Russell, head of CMBS production Downs joins the New York lender from MonticelloAM LLC, an alternative lender led by Alan and Jonathan Litt,...
