Commercial Real Estate Direct Staff Report The CMBS trusts that hold a $558 million loan against the San Francisco Centre retail and office property in San Francisco have taken ownership of it The trusts placed a winning credit bid of $1302 million...
The volume of CMBS loans that are more than 30 days late with their payments declined by $264 million in December to $4358 billion, marking the fifth time that delinquency volumes declined last...
Commercial Real Estate Direct Staff Report Clipper Realty Inc has provided a $10 million letter of credit to fund a reserve account tied to the $100 million CMBS loan against its 141 Livingston St office building in Brooklyn, NY, resolving a dispute...
Commercial Real Estate Direct Staff Report Dominium has bought a pair of affordable-housing properties with 578 units in Durham, NC, for $835 million The Dallas developer paid $465 million, or $149,038/unit, for the 312-unit Falls Pointe at the...
Commercial Real Estate Direct Staff Report The $835 million CMBS loan against the 27 million-square-foot One New York Plaza office property in lower Manhattan is facing its final maturity next month, prompting a move to transfer the debt to special...
The 487,022-square-foot office property at 401 South State St in Chicago has been sold for $42 million, or less than $9/sf, resulting in more than a complete loss to the $424 million CMBS loan against it...
Commercial Real Estate Direct Staff Report The $1515 million CMBS loan against the 355,127-square-foot office building at 65 Broadway in Lower Manhattan had its term extended, taking its maturity to December 2028 The loan’s modification...
The Commercial Real Estate Finance Council’s upcoming Miami conference, set for Jan 11-14, is shaping up to be among the best-attended of the trade group’s major events So far, more than 4,000 people are expected to attend However, not...
The controlling-class holder of a 2016 CMBS deal that includes a piece of a $130 million loan in special servicing has sued to halt a proposed workout plan by Rialto Capital Advisors, arguing that it results in the servicer enriching itself at the...
Commercial Real Estate Direct Staff Report The Hilton Portland Downtown and Duniway hotels, with a total of 782 rooms in Portland, Ore, had their combined appraised value reduced again, this time to $10609 million The latest appraisal, highlighted...
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