Houston Business Journal The $1282 million loan against Houston’s KBR Tower has been defeased, or had its collateral replaced with government securities The loan, securitized through UBS-Barclays Commercial Mortgage Trust, 2012-C4, matures in...
Simon Property Group last December paid $116 billion to retire, through defeasance, $82388 million of CMBS loans against nine properties The loans, which were set to mature this year or next, paid a weighted average coupon of 373 percent Meanwhile,...
The volume of CMBS loans to have been defeased, or had their collateral replaced by government securities, jumped by 57 percent last year to $91 billion from $58 billion in 2020, according to Kroll Bond Rating Agency Last year's volume compares with...
Despite historically low interest rates, defeasance volume in the CMBS market plunged last year to $68 billion from $153 billion in 2019, according to Trepp LLC That no doubt was driven by the reluctance from investors to complete sales transactions...
South Florida Business Journal The Easton Group has paid $82 million for a development site in Hialeah Gardens, Fla, where it plans to build a 266,000-square-foot distribution warehouse The industrial project is being built on a 104-acre site at...
Commercial Real Estate Direct Staff Report The continued escalation in prices for apartment properties drove a 46 percent surge in defeasance volume last year, to $178 billion, according to Moody's Investors Service A total of $85 billion of that...
Only 413 CMBS loans with a balance of $59 billion were defeased, or replaced by government securities, last year through the end of...
Dallas Business Journal The Siegel Group Nevada Inc has bought the 241-room Regency Hotel in Dallas Eshnam Hospitality LLC sold the vacant property at 11350 LBJ Freeway and was represented by Beam Real Estate LLC Siegel, of Las Vegas, obtained a $27...
A total of 1,013 CMBS loans were defeased last year, compared to 1,332 loans a year earlier The latest year's numbers will grow as additional data are tallied But total figures for the year will still fall short of the $225 billion of loans that...
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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