The Rochester, NY, suburb of Victor, NY, has proposed taking over the Eastview Mall and Commons retail property through eminent domain as a way of resetting the shopping mall's capital structure...
Commercial Real Estate Direct Staff Report The Southridge Mall in Greendale, Wis, is on the cusp of being sold, subject to the assumption of the property’s long-delinquent $10087 million CMBs loan A total of 553,801 square feet of the 116...
The legacy CMBS universe is nearing extinction, as only $102 billion of loans securitized in 2010 or earlier remain in the $6369 billion CMBS market...
The venture that bought the 351-room Hyatt Regency Jersey City hotel four years ago is in talks with its CMBS lenders over a potential modification of the property's $100 million...
As a percentage of the overall CMBS universe, the special servicing rate is the highest it has been since February 2013, when it was 1152% But the universe back then was smaller than it is today Meanwhile, given the recent workout of a large loan,...
Commercial Real Estate Direct Staff Report With its maturity approaching, the $396 million senior CMBS loan against the 632,584-square-foot office building at 85 Tenth Ave, between Manhattan’s Chelsea and Meatpacking districts, has been...
CMBS lenders securitized $1493 billion of loans against industrial properties this year through August At the current pace, the full year's volume of industrial loans should top last year's $1856...
Commercial Real Estate Direct Staff Report The $785 million senior CMBS loan against the 786,891-square-foot One SoHo Square office property in Manhattan’s SoHo neighborhood has transferred to special servicer Midland Loan Services at the...
The Chapter 7 bankruptcy of Sonder Holdings Inc, a provider of short-term apartment rentals, is creating idiosyncratic distress among a number of properties financed through the CMBS market that were reliant on the company's...
Commercial Real Estate Direct Staff Report The two northern New Jersey office buildings backing what is now a $5089 million CMBS loan that has been delinquent since March have been reappraised at a value of only $197 million The latest appraised...
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.
