Greystone took the top spot in a ranking of CMBS conduit B-piece buyers this year through September, marking the first time the company has sat atop the list It invested in the most subordinate bonds of three conduit transactions with a combined...
Only $997 billion of domestic, private-label CMBS priced during the third quarter, down from $1049 billion in the second quarter, bringing issuance for the year so far to $2646 billion That's down just more than 58 percent from last...
Commercial Real Estate Direct Staff Report The volume of office space leased in Manhattan totaled 63 million square feet in the third quarter, nearly 31 percent behind the pace set at the same time last year, according to Savills Despite this...
The volume of CMBS loans that are more than 30 days late with their payments increased again in September, to $2656 billion, or 44 percent of the universe tracked by Trepp Inc That's in sharp contrast to August, when volumes had declined by 45...
Commercial Real Estate Direct Staff Report Prices for commercial properties declined in August by 004 percent, putting them 508 percent lower since the end of last year and 1026 percent from the market’s peak in July 2022, according to the...
The volume of commercial real estate loans coming due through 2027 increased slightly in the second quarter to $278 trillion from $275 trillion in the first quarter, according to Trepp Inc This year, $5369 billion of loans come due, and next year,...
Presidio Property Trust Inc, a San Diego REIT with a portfolio of eight office buildings, three retail properties, an industrial building and 105 model homes, has put a process in motion to explore strategic alternatives The company, a former...
A unit of Silver Star Properties REIT Inc, a non-traded REIT formerly known as Hartman Short-Term Income Properties XX Inc, has filed for bankruptcy, which would trigger an event of default for a $21728 million CMBS loan backed by its properties But...
Commercial Real Estate Direct Staff Report The universe of commercial mortgages outstanding in the United States increased by $377 billion in the second quarter, to $46 trillion, according to the Mortgage Bankers Association The increase was driven...
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 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.
