Commercial Real Estate Direct Staff Report The CMBS loan against the 174 million-square-foot office building at 1515 Broadway in Midtown Manhattan has been further extended through next March, after the building’s owner, a venture led by SL...
Commercial Real Estate Direct Staff Report The $160 million mortgage against the 234 million-square-foot US Steel Tower in Pittsburgh matures in less than two months and is evidently facing challenges getting refinanced The loan is scattered among...
Charlotte Business Journal The buzz is Sumitomo Mitsui Banking Corp is nearing a deal for 200,000 square feet of office space at 301 South College, a 994,000-sf property in downtown Charlotte, NC The Tokyo-based financial services company would be...
Commercial Real Estate Direct Staff Report The $335 million CMBS loan against the 407-room Norfolk Waterside Marriott is headed to foreclosure The loan, originated just three years ago and securitized through BANK5, 2023-5YR2, transferred to special...
The Real Deal Mark Epstein has tapped Newmark has been hired to market for sale the 60,000-square-foot office property at 515 Greenwich St in the Hudson Square area of Manhattan The property, which includes air rights, could potentially be converted...
Atlanta Business Chronicle Avison Young has been hired to market for sale Milton Park, a 319,000-square-foot office property in the Atlanta suburb of Alpharetta, Ga The two-building property, at 30000 Mill Creek Avenue and 11175 Cicero Drive, is...
While the overwhelming majority of CMBS shopping mall loans are performing, 59 loans with a balance of $427 billion, or just more than 8% of the total mall balance, are delinquent, according to the TreppCRE...
Commercial Real Estate Direct Staff Report Moody’s Ratings estimates the value of the Hilton Minneapolis hotel at only $8911 million, contributing to its decision to downgrade three classes of a CMBS deal it rates that holds a $180 million...
Crain’s Chicago Business Greystar is offering for sale One Six Six, a 223-unit apartment property in Chicago The Charleston, SC, investor hired JLL to market the property, which it developed in 2023 The property, at 166 North Aberdeen St, is...
Commercial Real Estate Direct Staff Report The CMBS trust that held the $105 million loan against the 80,032-square-foot Scribner Building and its neighboring Redfern Building in Midtown Manhattan suffered a $7666 million loss as a result of the...
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