Owners of office properties whose mortgages mature from now through 2025 could face a funding gap of $727 billion, according to analysis by CBRE Econometric Advisors The funding gap is the difference between the size of an existing loan and the...
Commercial Real Estate Direct Staff Report Accesso Partners has paid off a pair of CMBS loans totaling $7886 million against office properties it owns and exercised an option to extend the maturity of a third loan totaling $68 million The Hallandale...
Madison Realty Capital has provided $262 million of construction financing for the proposed 550-unit E11EVEN Residences Beyond residential condominium project in Miami’s District 11 area The loan, with a 35-year term, was arranged by JLL...
Cain International has partnered with Security Benefit Life Insurance Co to buy a portfolio of 10 construction loans with a total commitment of $12 billion from Pacific Western Bank The loans, against apartment and student-housing properties in New...
Ryman Hospitality Properties Inc, which earlier this week had struck a deal to pay $800 million, or $798,403/room, for the 1,002-room JW Marriott San Antonio Hill Country Resort & Spa, is funding the purchase with proceeds from an offering of...
The Real Deal A special referee appointed by a New York Supreme Court judge has ruled in favor of the CMBS trust that holds a $33 million loan against the 155-room Distrikt Hotel in midtown Manhattan The special referee, John A Owens, entered a...
CrossFirst Bank has provided $23 million of financing for the construction of KV Casa Grande, a 314,453-square-foot industrial property in Casa Grande, Ariz The financing from the Leawood, Kan, bank was arranged by JLL Capital Markets on behalf of...
CMBS special servicing volumes jumped last month by a whopping 804 percent, to $3759 billion, according to Trepp Inc It now amounts to 611 percent of the $61553 billion universe the company tracks The volume is now nearly where it was in December...
San Antonio Business Journal Dogwood Commercial Real Estate has purchased the 355,000-square-foot retail property at 8800 Broadway in San Antonio for an undisclosed price The Dallas investment firm bought the property from a company calling itself...
Commercial Real Estate Direct Staff Report The Brookfield Corp affiliate that owns the Tucson Mall in Tucson, Ariz, and Town East Mall in Mesquite, Texas, has exercised its option to further extend the maturity of the $33284 million of securitized...
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.
