The collateral pool for what originally was a $3848 million CMBS loan against a portfolio of apartment properties that Chetrit Group purchased in 2019 for $522 million is likely to shrink further in the coming months...
Commercial Real Estate Direct Staff Report Chronic cash flow issues at Park Place at Florham Park in northern New Jersey could soon result in its transfer to the CMBS trusts holding a $625 million loan against the 360,265-square-foot office complex...
Commercial Real Estate Direct Staff Report Palisades Center Mall in New York’s Rockland County is scheduled to be sold at a foreclosure auction on Feb 4 News of the pending foreclosure auction was reported first by the Rockland County Business...
Commercial Real Estate Direct Staff Report The $1562 million CMBS loan against the 136-room Aloft Lubbock hotel in Lubbock, Texas, originated exactly a year ago, hasn’t received a payment since October and is now classified as being more than...
Commercial Real Estate Direct Staff Report The CRE Finance Council’s latest board of governors’ sentiment index increased 21% in the third quarter to 1254, just shy of the all-time high of 1266 set in the fourth quarter of 2024 The...
The CMBS trust that holds a $24070 million mortgage against three Club Quarters hotels in Philadelphia, Chicago, and San Francisco is closing in on taking title to the properties, which have a total of 1,050 rooms...
Commercial Real Estate Direct Staff Report The former One Shell Square office building in downtown New Orleans, facing the potential loss of its largest tenant, has had its appraised value cut in half to $899 million The 125 million-square-foot...
The Washington, DC, office market recorded 350 leases for 55 million square feet last year, according to Avison Young That compares with the 560 office leases for 89 million sf that were signed the previous year The slowdown in leasing was driven by...
Commercial Real Estate Direct Staff Report The upcoming departure of the largest tenant at the New York Times Building in Midtown Manhattan has contributed to a 37% decline in the property’s appraised value, to $635 million A total 738,385...
A venture of Selig Enterprises and the State Board of Administration of Florida has lined up $245 million of financing against 1105 West Peachtree, a 653,525-square-foot office building in Atlanta’s Midtown area CBRE arranged the floating-rate...
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.
