Commercial Real Estate Direct Staff Report The long-troubled $3791 million CMBS loan against a portfolio of nine Seattle office buildings with 164 million square feet owned by Martin Selig Real Estate has been modified, providing the developer with...
A venture led by FitzWalter Capital Partners has paid $795 million for the distressed $1458 million mortgage against the 304,947-square-foot 700 Sixth St NW office building in Washington,...
Commercial Real Estate Direct Staff Report Simon Property Group has lined up a $93 million mortgage from Goldman Sachs and Deutsche Bank against its Colorado Mills shopping center in the Denver suburb of Lakewood, Colo The 10-year loan, which...
Commercial Real Estate Direct Staff Report A venture of Lincoln Property Co and Cross Ocean Partners has acquired the 11 million-square-foot Colonnade office complex in the Dallas suburb of Addison, Texas Lincoln, of Dallas, and Cross Ocean, of...
Simon Property Group has struck a deal to buy the 597,635-square-foot University Village open-air retail center in Seattle The Indianapolis REIT, which hasn’t yet disclosed the price it’s paying, is buying the 19-building property from...
The volume of CMBS loans that are more than 30 days delinquent declined in October by $905 million to $4775 billion The drop was driven by the modification, or reversion back to performing, of a number of very large loans, including a $11 billion...
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 $5409 million CMBS loan against the 671,416-square-foot Executive Towers West office property in the Chicago suburb of Downers Grove, Ill, has transferred to special servicing as it’s expected to...
The reported dissolution of law firm Weil, Gotshal & Manges will result in a nearly 25% vacancy at the iconic General Motors Building, opposite the Plaza Hotel and Grand Army Plaza in Midtown...
Commercial Real Estate Direct Staff Report Grove City Premium Outlets in the western Pennsylvania borough of Grove City has been reappraised at a value of $1193 million, down from $1498 million a year ago and $255 million in 2015, when a $140...
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.
