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Home > 2,600 Borrowers with $49.1Bln of CMBS Loans Seek Relief in First 2 Weeks of Crisis
The vacancy rate for apartment properties in Phoenix was 95 percent in the first quarter, down from 98 percent in the previous quarter, according to Kidder Mathews Meanwhile, rents last quarter increased to $1,525/unit, from $1,514/unit at the end...
Commercial Real Estate Direct Staff Report The 120,215-square-foot office building at 717 14th St in Washington, DC, was appraised recently at a value of $105 million That’s down 81 percent from the $56 million value pegged to it 10 years ago...
A total of 85,921 apartment units were absorbed nationwide in the first quarter, up from 53,210 units at the same time last year, according to Cushman & Wakefield Meanwhile, 116,241 units were delivered through the first three months of 2024,...
Commercial Real Estate Direct Staff Report The $300 million loan against the 527,000-square-foot Santa Monica Place Mall in Santa Monica, Calif, has transferred to special servicer Argentic Services Co as its expected to default at its upcoming...
Commercial Real Estate Direct Staff Report The $12046 million of financing against Yorktown Center, a 787,389-square-foot retail center in Lombard, Ill, has transferred to special servicer KeyBank as it was not paid off at its maturity The transfer...
Commercial Real Estate Direct Staff Report The 205-room Westin Portland hotel in Portland, Ore, was appraised recently at value of $332 million, about 34 percent less than the $5043 million of mortgage debt against it The latest appraisal, which was...
The maturity date for the $108 billion CMBS loan against the 15 million-square-foot office building at 280 Park Ave in midtown Manhattan has been extended to September 2026, with additional options to push it to September 2028 The property is owned...
Commercial Real Estate Direct Staff Report The appraised value of the 359,883-square-foot office property at 600 California St in San Francisco has been lowered to $124 million from the $183 million value pegged to it last July The latest appraised...
Lending volume at the US Department of Housing and Urban Development slowed further during the latest quarter, the second in the agency's fiscal year Only $181 billion of loans were funded during the period, down from $252 billion during the...
Commercial Real Estate Direct Staff Report The 382,256-square-foot office property at 750 Lexington Ave in midtown Manhattan was appraised at a value of $50 million That’s 83 percent lower than the $300 million value pegged to the building in...
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© 2023 Commercial Real Estate Direct All rights reserved..
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