Capital-raising for Torchlight Investors' latest commercial real estate debt fund has been moving along at a healthy pace as the New York investment manager already has raised $11 billion of the $15 billion it's targeting It launched capital-raising...
SitusAMC Holdings Corp has acquired the loan-servicing and asset-management platforms of Cohen Financial, adding 6,900 loans with a balance of $34 billion The deal bolsters the size SitusAMC’s portfolio to 10,000 loans with a balance of $130...
Commercial Real Estate Direct Staff Report The owner of the Easton Town Center retail property in Columbus, Ohio, has negotiated the six-month deferral of the debt-service payments on the property’s $700 million of CMBS financing The property...
Commercial Real Estate Direct Staff Report Prices for commercial properties increased marginally last month, according to Real Capital Analytics‘ Commercial Property Pricing Index, halting what had become a four-month decline in pricing...
Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency as of the end of last month classified 4,964 CMBS loans with a balance of $9293 billion, or 2735 percent of the non-defeased loans in the CMBS 20 universe, as Kroll-Loans of...
A total of 488 CMBS loans with a balance of more than $13 billion - roughly 2 percent of the CMBS universe rated by Fitch Ratings - have been granted some sort of relief, from payment deferrals to maturity extensions The overwhelming majority of...
Crain’s New York Business The New York Hospitality Alliance found that 87 percent of the restaurants in New York City did not pay all the rent they owed last month Meanwhile, 60 percent of landlords who rent space to restaurateurs didn’t...
The $642 million loan against the Burnsville Center shopping mall in suburban Minneapolis has been put on the sales block NKF has the listing for the distressed loan, which now is classified as being in foreclosure It is one of four remaining in the...
Commercial Real Estate Direct Staff Report Park Plaza Mall in Little Rock, Ark, has been appraised at a value of only $331 million, down significantly from the $142 million appraised value given to it just nine years ago A 283,326-square-foot...
Commercial Real Estate Direct Staff Report The $190 million CMBS loan against the White Marsh Mall in Baltimore has transferred to special servicer Rialto Capital Advisors because it’s expected to default An $80 million piece of the loan...
