Commercial Real Estate Direct Staff Report Watermark Lodging Trust has negotiated an 18-month extension of the $84 million mortgage against its 553-room Renaissance Chicago Downtown hotel The loan, securitized through WFRBS Commercial Mortgage...
Commercial Real Estate Direct Staff Report PC2 Capital, the investment operation launched by former Citi CMBS trader Pasquale Cardone, has had a solid early showing, generating a 146 percent net return for its investors since its inception...
Velocis, which has targeted office, medical-office and retail properties since its inception in 2010, is expanding its focus to include apartments The shift was prompted by the coronavirus pandemic and the resulting uncertainty surrounding long-term...
Avanath Capital Management has raised $760 million of equity commitments for its most recent fund, exceeding its $550 million target The vehicle, Avanath Affordable Housing IV LLC, is nearly twice the size of the Irvine, Calif, investment...
Bainbridge has formed a venture with a member of the family that formed Indonesia's Lippo Group and others to pursue hotel investments It's aiming to amass more than 200 hotels over the coming years It first will target limited partner investors in...
Commercial Real Estate Direct Staff Report The 600-room Marriott Houston Westchase, which backs a troubled $699 million CMBS loan, has been appraised at a value of only $475 million The property’s loan is the only remaining asset in Bear...
Commercial Real Estate Direct Staff Report Hana Alternative Asset Management Co has acquired a 95 percent stake in the 38-story Qualtrics Tower in downtown Seattle in a deal valuing the 703,000-square-foot office property at $704 million, or just...
Despite historically low interest rates, defeasance volume in the CMBS market plunged last year to $68 billion from $153 billion in 2019, according to Trepp LLC That no doubt was driven by the reluctance from investors to complete sales transactions...
Commercial Real Estate Direct Staff Report December marked the third straight month in which the volume of CMBS loans with special servicers has declined It fell by 35 percent to $5295 billion from $5486 billion in November, according to Trepp LLC...
KKR Real Estate Credit was the most active buyer of B-pieces from CMBS conduit transactions in 2020, retaking the title from Rialto Capital Advisors It invested in seven conduit deals totaling $62 billion, or nearly 23 percent of the year's...
