Unibail-Rodamco-Westfield's plan to radically reduce its exposure to the United States by the end of next year could end up costing CMBS investors A total of 13 of the company's malls are encumbered by $307 billion of financing that's been...
Commercial Real Estate Direct Staff Report Simon Property Group signed 900 leases totaling 3 million square feet during the first quarter, marking the mall REIT’s most active quarter since 2016 The Indianapolis company said it has another 500...
The Real Deal Jamestown has lined up $425 million of financing from JPMorgan Chase Bank to help cover the cost of redeveloping One Times Square, a 26-story building in midtown Manhattan that hosts a number of billboards and electronic signs The...
The $140 million CMBS loan against the MainPlace Mall in Santa Ana, Calif, has transferred to special servicing because its owner has asked that its term be extended The loan, securitized through UBS-BAMLL Trust, 2012-WRM, is slated to mature early...
Commercial Real Estate Direct Staff Report Camden Property Trust’s portfolio of 170 apartment properties with 58,055 units generated $2778 million of revenue in the first quarter of 2022, up a record 111 percent from the year before In 12 of...
The volume of CMBS hotel loans in special servicing last month declined by an impressive 175 percent to $834 billion, according to Trepp Inc That's the lowest volume since before the coronavirus pandemic and helped push the overall volume in special...
Duke Realty Corp, which yesterday received an offer from Prologis valued at $237 billion, has rejected the bid, saying it was “insufficient” Prologis had offered to swap 0466 of its shares for every Duke share outstanding, valuing every...
Ramsfield Hospitality Finance and CarVal Investors have provided $36 million of mortgage financing against the 177-room Galleria Park Hotel in San Francisco, allowing for a maturing $2952 million CMBS loan to get taken out The CMBS loan that was...
The venture that acquired the Fairlane Town Center in Dearborn, Mich, and Shops at Willow Bend in Plano, Texas, is very likely to redevelop the two retail properties It's still too early to say just how they'll be redeveloped, but it's likely both...
Commercial Real Estate Direct Staff Report Washington REIT is continuing to expand its apartment portfolio and has agreed to buy two properties with 1,070 units in suburban Atlanta for $178 million, or $166,355/unit When the deal closes, the...
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.
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