Another CMBS loan against a shopping mall has transferred to special servicing because it's expected to default at its upcoming maturity The latest is the $11401 million mortgage against Park City Center in Lancaster, Pa, which is owned by an...
Commercial Real Estate Direct Staff Report Parkway Inc is working to get the maturity date of the $465 million CMBS loan against its Greenway Plaza office complex in Houston extended The loan, securitized through GS Mortgage Securities Corp,...
Commercial Real Estate Direct Staff Report The $10317 million CMBS loan against the Coastland Center shopping mall in Naples, Fla, has transferred to special servicer Rialto Capital Advisors because it’s expected to default at its November...
Commercial Real Estate Direct Staff Report Boston Properties completed 19 million square feet of leasing during the second quarter, up 160 percent from the first quarter and substantially more than its average second-quarter volume “The second...
Commercial Real Estate Direct Staff Report Nearly 60 percent of respondents to a survey by Trepp Inc expect the Consumer Price Index, a commonly used measure of inflation, to increase by levels approaching 10 percent for the year In addition, 50...
The hottest industrial markets in the country might see a softening in the years to come as tenants seek areas where rents are cheaper and space is more abundant That's according to Capital Economics, which only recently broadened its research...
STR and Tourism Economics, which late last year had projected that revenue per available room, a widely used performance metric for hotels, would fully recover in 2023, now expect it to fully recover, on a nominal basis, this year The latest...
Commercial Real Estate Direct Staff Report The $6508 million CMBS loan against the Southland Center Mall in the Detroit suburb of Taylor, Mich, defaulted at its maturity last month The loan is the second largest in the collateral pool for...
The volume of CMBS loans in special servicing declined by a mere 035 percent in July, to $2915 billion, marking the smallest monthly decline since January 2021 While the volume of retail and hotel loans continued to decline, the volume of office...
Commercial Real Estate Direct Staff Report A total of 109 million square feet of office space was absorbed in Manhattan last month, marking the strongest month, in terms of absorption, since August 2021, according to Colliers Two of 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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