The New York investment manager has agreed to acquire QTS Realty Trust Inc in a deal that values the Overland Park, Kan, data-center REIT at $10 billion, including the assumption of about $23 billion of debt The deal, which is slated to close in the...
New York Post Two Sigma Investments is in the market to lease between 400,000 and 600,000 square feet of headquarters space in Manhattan The hedge fund plans on moving out of its current headquarters, at 100 and 101 Sixth Ave in the borough’s...
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...
Commercial Real Estate Direct Staff Report The volume of CMBS loans that are more than 30-days late declined by 515 percent last month to $3349 billion, according to Trepp LLC That amounts to 617 percent of the $54304 billion universe the company...
Natixis has provided $1467 million of financing against 1155 F St NW, a 254,151-square-foot office building in the East End area of Washington, DC The floating-rate loan takes out existing debt, a $11457 million piece of which was securitized...
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...
Commercial Real Estate Direct Staff Report The $12094 million CMBS loan against the Ingram Park Mall in San Antonio has transferred to special servicing as its June 1 maturity approaches The loan is securitized through Morgan Stanley Capital I...
