The pace of transfers of CMBS loans into special servicing slowed appreciably in January, resulting in a 038 percent drop in the total volume of loans with special servicers, to $3162 billion, according to Trepp Inc That amounts to 511 percent of...
Commercial Real Estate Direct Staff Report Chatham Lodging Trust has lined up a $90 million unsecured term loan that it has tapped to retire $7333 million of mortgage debt, including $34 million of maturing CMBS loans against two of its hotels The...
Commercial Real Estate Direct Staff Report Camden Property Trust’s portfolio of 172 apartment properties with 58,702 units, primarily in the country’s Sunbelt region, saw its occupancy rate decline to 958 percent in the fourth quarter...
Commercial Real Estate Direct Staff Report Bank of Montreal, Deutsche Bank and Goldman Sachs have provided $370 million of financing against the Green Acres Mall and the adjoining Green Acres Commons shopping center in Valley Stream, NY The...
The Real Deal RXR, which last week said it would give some of its properties to its lenders, has clarified that it was in talks over only two properties, in Brooklyn, NY, and lower Manhattan The Uniondale, NY, developer owns 83 properties valued at...
Paramount Realty Services has paid $365 million, or nearly $401/sf, for the 91,069-square-foot View at Marlton retail center in the Philadelphia suburb of Marlton, NJ The Lakewood, NJ, investor bought the property as part of a tax-deferred exchange...
Steps are being taken that might indicate that the 346-room Club Quarters Hotel in San Francisco is close to selling, according to a report in the San Francisco Business Times Last month, a consultant requested a zoning verification letter for the...
The Boston REIT completed 114 million square feet of leasing during the fourth quarter, down from 145 million sf in the third quarter But despite volume at 95 percent of what the company has leased on average annually over the past 10 years, it...
The Holiday Inn FiDi, with 492 rooms at 99 Washington St in lower Manhattan, has received court approval to be used as a shelter for illegal immigrants, according to a report in Crain’s New York Business The hotel serves as collateral for...
Vornado Realty Trust said its fourth-quarter financial results would include an impairment charge of roughly $600 million A total of roughly $480 million of that write-down is tied to the value of a portfolio of Manhattan properties that it had sold...
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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