Washington Business Journal The CMBS trust that holds the $501 million loan against Worldgate Centre in Herndon, Va, has taken title to the 229,000-square-foot retail property at a foreclosure auction Five other groups competed in the auction,...
Commercial Real Estate Direct Staff Report The 441,523-square-foot office building at 3000 Post Oak Boulevard in Houston’s Galleria area has been sold in a deal that resulted in $648 million of losses to the three CMBS trusts that held an $80...
Commercial Real Estate Direct Staff Report The three CMBS trusts that hold an $8326 million mortgage against three Simon Property Group retail outlet centers have taken title to the properties The three are the 359,877-square-foot Gaffney Outlet...
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...
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...
Washington Business Journal Credit Agricole Corporate and Investment Bank has filed a foreclosure lawsuit against the owner of the 284,352-square-foot office building at 1250 Connecticut Ave NW in Washington, DC An affiliate of BGRE, the former...
South Florida Business Journal An affiliate of Hill City Capital has placed an $88 million stalking horse bid for Spirit Airlines’ former headquarters campus in Dania Beach, Fla The 615,595-square-foot property will be sold at an Aug 11...
Commercial Real Estate Direct Staff Report The real estate arm of brothers Michael and David Shabsels last month filed for Chapter 11 bankruptcy protection in US Bankruptcy Court for the District of New Jersey The unit, Damis Holdings LLC, owns 55...
Commercial Real Estate Direct Staff Report Philadelphia’s 1818 Market St office building, with 999,828 square feet, has had its appraised value reduced once again, to $158 million The 54-year-old building, which was purchased by Shorenstein...
Puget Sound Business Journal CWCapital Asset Management has hired Colliers to market for sale the 410,000-square-foot Fourth & Blanchard office property at 2101 Fourth Ave in Seattle The building is expected to sell for $29 million CWCapital is...
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.
