Commercial Real Estate Staff Report The Crossroads Marketplace shopping center in Chino Hills, Calif, has been valued at $44 million this month That compares to $556 million heading into September and $79 million in 2007, when the property’s...
Commercial Real Estate Direct Staff Report The Mall at Stonecrest in suburban Atlanta has been appraised at a value of $67 million, more than 25 percent less than the $898 million of debt the 12 million-square-foot shopping mall supports The loan is...
The two seasoned executives have joined forces with an Invictus Capital Partners unit to launch a small-balance alternative lender, Verus Commercial Real Estate Finance, that pursues relatively small to middle-market loans It's looking to carve out...
Securitized loans against hotel and retail properties continued to pour into special servicing last month, increasing the volume of those loans by $46 billion, to $5425 billion, or 1004 percent of the CMBS universe tracked by Trepp LLC It's the...
Commercial Real Estate Direct Staff Report Nitya Capital’s purchase of the 466,159-square-foot One Westchase Center office building in downtown Houston involved the assumption of the property’s indebtedness, including a $47 million CMBS...
Commercial Observer The 478-room Hilton Times Square hotel in Manhattan is closing its doors permanently next month Sunstone Hotel Investors owns the property, which serves as collateral for a $765 million loan that’s securitized through...
Commercial Real Estate Direct Staff Report Ashford Hospitality Trust Inc has negotiated an agreement that allows it to tap into a reserve account to cover its debt-service obligations and operating expenses at the 157-room La Posada de Santa Fe...
Commercial Real Estate Direct Staff Report CIM Group has provided $190 million of financing against International Plaza I and II, a pair of office buildings with a combined 764,990 square feet in the Dallas suburb of Farmers Branch, Texas Cushman...
Despite the beating that the commercial real estate market has taken as a result of the coronavirus pandemic, the volume of CMBS loans that are more than 30-days late with their payments declined yet again last month, to 1,945 with a balance of $488...
Commercial Real Estate Direct Staff Report Lundin Development Co, which just months ago was able to negotiate a five-year term extension of the $2016 million CMBS loan against its Showcase at Indio retail property in Indio, Calif, has just managed...
