Commercial Real Estate Direct Staff Report The CMBS trust that held what most recently was a $7416 million mortgage against the Park Plaza shopping mall in Little Rock, Ark, has taken the property through foreclosure The loan, which had encumbered...
Commercial Real Estate Direct Staff Report The volume of CMBS loans classified as being more than 30 days late with their payments declined yet again in November, to $2453 billion from $2545 billion in October, according to Trepp Inc It marks the...
Domestic, private-label CMBS issuance so far this year has topped $103 billion, marking the busiest year since before the Global Financial Crisis Expectations are for only slightly more issuance in 2022 This year's frenzy was the result of a booming...
Commercial Real Estate Direct Staff Report Promenade Shops at Centerra, a 493,160-square-foot retail center in Loveland, Colo, has had its appraised value increase by nearly a quarter, to $95 million That’s good news for investors in Natixis...
Commercial Real Estate Direct Staff Report AB Capstone is offering for sale the 80,102-square-foot Bellerose mixed-use property at 251-73 Jericho Turnpike in Queens, NY The Queens company has hired RIPCO Real Estate to market the property, which has...
Kohan Retail Investment Group, the most prolific buyer of malls backing distressed CMBS loans, has paid $55 million for the Montgomery Mall in suburban Philadelphia The property, previously owned by Simon Property Group, had been encumbered by a...
Commercial Real Estate Direct Staff Report The $9179 million CMBS loan against the Belden Village shopping mall in Canton, Ohio, has been granted a five-year term extension to July 2026 The loan, securitized through Morgan Stanley I Inc, 2011-C3,...
The Real Deal GCP Realty is offering for sale the former Courtyard by Marriott hotel at 90-10 Ditmars Blvd in Queens, NY The New York company has hired Ripco Real Estate to market the 288-room property, which could sell for about $65 million...
Crain’s Chicago Business Sunstone Hotel Investors has tapped Eastdil Secured to market for sale two Chicago hotels totaling 725 rooms The properties, which are being offered as a package, are the 368-room Embassy Suites Chicago Downtown, at...
Commercial Real Estate Direct Staff Report The $25868 million CMBS loan against 175 West Jackson Blvd, a 14 million-square-foot office building in downtown Chicago, once again has transferred to special servicer LNR Partners as it’s expected...
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.
Subscribe to our Weekly Newsletter!
