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...
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...
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...
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...
Crain’s New York Business Wells Fargo Bank has filed to foreclose against a $112 million mortgage against the former Bossert Hotel in the Brooklyn Heights section of Brooklyn, NY In a suit filed in Kings County, NY, Supreme Court, the bank...
James Im, a former CMBS trader with Nomura Securities who five years ago was charged by the SEC with lying to bond investors in order to inflate the company’s profits, on Friday was exonerated by a jury The jury finding was reported first by...
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...
Last year, an estimated 56 percent of Americans who moved left the state they had lived in, continuing a trend that was facilitated by the work-from-home flexibility that many employers offered in the wake of the coronavirus pandemic The five states...
Triangle Business Journal Magma Equities has paid $18 million, or about $141,732/room, for the shuttered Hyatt Place North Raleigh-Midtown hotel in Raleigh, NC The Manhattan Beach, Calif, real estate investment firm bought the 127-room property from...
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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