The venture that owns a portfolio of seven office buildings with 213 million square feet in the Washington, DC, suburb of Arlington, Va, is unlikely to refinance the $841 million of indebtedness against the properties when it matures in the coming...
The $558 million mortgage against the Lakeland Square Mall in the central Florida city of Lakeland has transferred to special servicer SitusAMC as it has matured It last received a debt-service payment in March The loan is one of three left in the...
The Real Deal A portfolio of three apartment properties with 48 units and 8,000 square feet of retail space in the North of Little Italy, or Nolita, neighborhood of Manhattan is headed toward foreclosure The portfolio serves as collateral for a $41...
Commercial Real Estate Direct Staff Report The Melohn Group, which owns the 574,878-square-foot office building at 111 West Jackson Blvd within Chicago’s Loop, is attempting to negotiate a workout of the property’s $105 million of CMBS...
Commercial Real Estate Direct Staff Report Pinnacle II, a 230,000-square-foot office building in Burbank, Calif, that serves as collateral for an $87 million CMBS loan has gone vacant The vacancy was highlighted in a TreppWire report The property,...
Philadelphia Business Journal The $2737 million CMBS loan against a portfolio of four Club Quarters hotels with a total of 1,228 rooms has defaulted and is headed toward foreclosure The loan is securitized through BX Trust, 2017-CQHP, and is senior...
Prices for office properties could fall by more than 30 percent from their peaks, according to analysis by Barclays Capital The investment bank warned that the sector could face even greater value declines, given continued high interest rates,...
Commercial Real Estate Direct Staff Report TriGate Capital has bought the Shops at Wiregrass, a 760,379-square-foot retail property in Wesley Chapel, Fla, for $705 million, or about $9272/sf The Dallas real estate investor financed its purchased in...
The Real Deal Uber is offering for sublease Chase Center Tower II, a 268,500-square-foot office property in San Francisco The rideshare company in 2019 started paying $85/sf for space at the building, but never moved in as it was having the property...
Commercial Real Estate Direct Staff Report Muncie Mall in Indiana has been appraised at a value of only $6 million, well less than the $312 million of mortgage debt against it The mortgage is securitized through JPMBB Commercial Mortgage Securities...
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.
