Commercial Real Estate Direct Staff Report The likelihood that the $195 million mortgage against the Valencia Town Center shopping mall in Southern California won’t be retired when it comes due in January has contributed to Fitch...
Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc has negotiated four-year term extensions for a pair of CMBS loans with a balance of $15825 million against shopping malls it owns in suburban Atlanta and Charleston, SC...
Facing a near term maturity, and stubbornly low collateral cash flow, the $929 million mortgage against the former 1400 Lakeshore apartment building along Chicago's Gold Coast has transferred to special servicing The financing was provided by Arbor...
Continued deterioration in the financial performance of the Square One Mall in Saugus, Mass, has led to Moody’s Investors Service downgrading two principal-paying and one interest-only class of COMM, 2012-LC4 The CMBS transaction holds an...
The 382,256-square-foot office building at 750 Lexington Ave in midtown Manhattan has suffered from a drop in occupancy, which has hampered its ability to stay current on its $12683 million of mortgage indebtedness The loan is in two CMBS...
Commercial Real Estate Direct Staff Report Occupancy at the 693,606-square-foot Central Park of Lisle in the Chicago suburb of Lisle, Ill, has declined to less than 80 percent, pressuring the two-building office property’s ability to fully...
Facing challenges to increase occupancy at its Centre Square office property in downtown, or Center City, Philadelphia, the venture that owns the building has asked its lender to extend the maturity of a $368 million CMBS loan against it It said...
The $6625 million of CMBS financing against the former headquarters of health insurer Health Net of the Northeast Inc has transferred once again to special servicer Greystone Servicing Co The loan, one of two left in the collateral pool of JPMorgan...
Crain’s New York Business The Hotel Bossert, with 284 rooms at 98 Montague St in Brooklyn, NY, will be sold at auction, under the New York Uniform Commercial Code on Nov 12 The property serves as collateral for a $112 million loan...
Sonnenblick-Eichner Co has arranged $8443 million of mortgage financing for the 100-room Ocean Key Resort and Spa on Key West, Fla The loan, which has a five-year term and pays a fixed coupon in the low 5-percent range, was used to orchestrate the...
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.
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