The major mortgage REITs continued to see loans get repaid during the third quarter, but their lending activity, while up sharply from the second quarter, remained well below norms This year through September, they've originated just one-tenth of...
Commercial Real Estate Direct Staff Report KBS REIT III Inc is trying to negotiate the modification of a $6063 million loan against a portfolio of six office properties with 275 million square feet that it had acquired between 2012 and 2014 for a...
Crain’s New York Business SL Green Realty Corp might be gearing up to spin off a stake in some of its Manhattan office properties, including the 13 million-square-foot 280 Park Ave Andrew Goldfarb, an analyst with Piper Sandler, noted that the...
Vornado Realty Trust, which carries a total of $1031 billion of debt on its balance sheet, faces the maturity of just more than $4 billion of mortgages through 2025 A total of $105 billion of that is against properties it wholly owns, with the...
Commercial Real Estate Direct Staff Report Occupancy at Essex Property Trust’s portfolio of 252 apartment properties with 62,000 units in California and Seattle had declined last month to 959 percent from 964 percent in the third quarter and...
The recent bankruptcy by WeWork Inc and its decision to reject 69 of its office leases in the United States and Canada will have little or no impact on the credit ratings of US REITs, according to Fitch Ratings The rating agency noted that 38 leases...
Online marketplace 1031 Crowdfunding, which was formed nine years ago to help connect sponsors of structured tax-deferred exchanges with prospective investors, has formed a private REIT designed to provide similar tax-deferral...
Macerich Co has signed leases for 314 million square feet of space this year through September That's up 10 percent from the same time last year Meanwhile, the REIT has written down the value of two of its retail properties whose mortgages have...
UDR Inc had provided an average of 15 weeks of free rent as a concession to lure tenants to its properties during the third quarter That was up from just half a week of free rent in the second quarter The Highlands Ranch, Colo, REIT was forced to be...
Kennedy Wilson Holdings Inc is looking to take advantage of the relative void in the construction-lending business by building up its loan origination capabilities It grabbed a toehold in the business earlier this year when it acquired a $41 billion...
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