Tod’s has extended its lease for 7,867 square feet of ground-floor retail space at 650 Madison Ave in Manhattan The luxury retailer, whose initial deal was set to expire in October 2023, agreed to extend the lease to October 2030 The extension...
Bryan Tower, a 1124 million-square-foot office building in downtown Dallas, will be offered for sale at a June 1 foreclosure auction, according to a report in the Dallas Morning News The 40-story building, at 2001 Bryan St, serves as collateral for...
Credit Suisse Mortgage Securities Trust, 2007-C1, has moved a couple steps closer to being retired as two of its three remaining assets have been sold The Pinnacle at Tutwiler Farms retail center near Birmingham, Ala, sold for $1158 million, while...
South Florida Business Journal The owner of the Cross County Plaza shopping center in West Palm Beach, Fla, has been hit with a foreclosure suit A venture that includes Bernardo Kohn and Paul Pollack, both of New York, owns the 357,537-square-foot...
Commercial Observer RXR Realty has filed a lawsuit against a Mattel Inc affiliate, claiming the toy manufacturer owes nearly $500,000 in unpaid rent at 75 Rockefeller Plaza, a 623,000-square-foot office building in Manhattan The affiliate is...
A total of 37 CMBS loans with a balance of $113 billion transferred anew to special servicing in April, according to Trepp LLC But special servicers resolved substantially more - roughly $34 billion - resulting in a 442 percent decline in the volume...
Commercial Real Estate Direct Staff Report The volume of delinquent CMBS loans declined by 1 percent last month, to $353 billion from $3566 billion, marking the 10th straight month in which delinquencies have dropped, according to Trepp LLC That...
The distressed $898 million CMBS loan against the Mall at Stonecrest in suburban Atlanta might be nearing its resolution Hallmark Venture Group says it acquired the collateral property But whether a deal has been completed remains to be seen The...
Crain’s New York Business Vornado Realty Trust has filed a lawsuit against Hongkun USA, alleging that the US affiliate of the Beijing homebuilder failed to make $11 million in rental payments for its space at 888 Seventh Ave in Manhattan The...
Commercial Real Estate Direct Staff Report A gauge that Kroll Bond Rating Agency uses to measure stress in the CMBS sector declined in March for the first time in more than a year The company’s Kroll-Loans of Concern, or K-LOC, index fell to...
