Brookfield DTLA Fund Office Trust, which resulted from Brookfield Office Properties Trust's 2013 acquisition of MPG Office Trust Inc, late last year had warned that it might face challenges refinancing a big chunk of its $23 billion of...
Commercial Real Estate Direct Staff Report The venture led by Madison Marquette that owns the Shops at Waldorf Center in southern Maryland has negotiated a modification of the $7525 million CMBS loan against the property Terms of the modification...
Commercial Real Estate Direct Staff Report Trion Properties has paid $236 million, or $226,923/unit, for Courtyard at Artisan Square, a 104-unit apartment property in Sacramento, Calif The Los Angeles investment manager purchased the property from a...
Commercial Real Estate Direct Staff Report The 511,208-square-foot office building at 285 Madison Ave in midtown Manhattan has been appraised at a value of $411 million, one-third less than the $610 million value pegged to it in 2017 when a $475...
The $2771 million loan against the Wells Fargo Center in Denver has transferred to special servicing as it matured last month The loan originally had matured a year ago and was extended through last month To meet the requirements of a further...
Commercial Real Estate Direct Staff Report The $15987 million CMBS loan against the 988,646-square-foot office building at 301 South College St in Charlotte, NC, has transferred to special servicing because it’s expected to default at its May...
Fitch Ratings has downgraded 10 classes of JPMBB Commercial Mortgage Securities Trust, 2014-C24, as it has increased its projection for losses from the deal’s collateral pool, which includes a pair of potentially problematic loans backed by...
Commercial Real Estate Direct Staff Report The first CMBS conduit transaction of 2023 has hit the blocks The $7851 million transaction, BMO Commercial Mortgage Securities Trust, 2023-C4, includes loans from nine contributors, led by Bank of...
The $140 million CMBS loan against the MainPlace Mall in Santa Ana, Calif, has been extended through June, buying the property’s owner, Unibail-Rodamco-Westfield, additional time to complete a refinancing The loan, securitized through...
Commercial Real Estate Direct Staff Report Macerich Co has negotiated another three-year term extension of the $300 million mortgage against the Santa Monica Place shopping mall in Santa Monica, Calif The loan, securitized through Wells Fargo...
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.
Subscribe to our Weekly Newsletter!
