Commercial Real Estate Direct Staff Report InterSystems Corp, which occupies 239,417 square feet, or nearly 59 percent of the 409,422-sf One Memorial Drive office building in Cambridge, Mass, is expected to terminate its lease by July 2025 The data...
Commercial Real Estate Direct Staff Report STV Inc, which leases 133,000 square feet of office space at 225-233 Park Ave South in Manhattan’s Union Square area, will not be renewing its lease when it rolls next May It’s relocating to the...
Commercial Real Estate Direct Staff Report The $73 million loan against the Regions Tower, a 687,237-square-foot office property in Indianapolis has transferred to special servicing because it’s expected to default at its maturity next month...
Commercial Real Estate Direct Staff Report The $693 million loan against the 484,994-square-foot Hagerstown Premium Outlets has gone 30 days late in its payment, according to a September remittance report The missed payment was highlighted this...
Commercial Real Estate Direct Staff Report The $180 million CMBS loan against the Dumbo Heights Portfolio, a collection of four office buildings totaling 753,074 square feet in the Dumbo neighborhood of Brooklyn, NY, was not paid off ahead of its...
Commercial Real Estate Direct Staff Report Chicago’s Aon Center, a 278 million-square-foot office property in downtown Chicago, has had its appraised value slashed by nearly half to $414 million, according to a CMBS Newsflash by Morningstar...
The volume of CMBS loans in the hands of special servicers remained basically flat last month at $4022 billion, according to Trepp While a number of large retail loans were resolved during the month, that was offset by the addition of a few large...
Mason Asset Management is said to have turned in the highest offer for the Mall at Tuttle Crossing in Dublin, Ohio, which recently was put on the sales block through its receiver, JLL The buzz is that it had offered roughly $15 million The shopping...
The volume of CMBS loans that are more than 30 days delinquent declined in August by 45 percent from July, to $2561 billion, according to Trepp Inc The decline was driven largely by the continually improving hotel sector The volume of delinquent...
Commercial Real Estate Direct Staff Report IDS Center in Minneapolis has been appraised at a value of $180 million, nearly 30 percent less than the value pegged to it 10 years ago, when a $18251 million loan was written against the mixed-use...
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.
