Commercial Real Estate Direct Staff Report An increase in the expected losses from the resolution of the $368 million loan against the 176 million-square-foot Centre Square office property in Philadelphia has prompted Moody’s Ratings to...
Commercial Real Estate Direct Staff Report Pacific Retail Capital Partners, which nearly three years ago bought the Bridgewater Commons shopping center and its adjoining Village at Bridgewater Commons open-air retail center in northern New Jersey,...
Accesso Partners, which owns the 911,579-square-foot 7700 Parmer office complex in Austin, Texas, has negotiated a term extension for the property's $177 million loan, which has been paid down by $5 million to $172 million The loan matured in...
Commercial Real Estate Direct Staff Report The bankruptcy filing by Saks Global Enterprises in January prompted last month’s transfer to special servicing of a $125 billion CMBS loan against the ground beneath the Saks Fifth Ave flagship store...
The volume of CMBS loans that are more than 30 days late with their payments declined in February by 518% from January, to $4276 billion, marking the largest percentage drop in CMBS delinquency since 2022 The driver: office and retail loan...
Commercial Real Estate Direct Staff Report The venture that owns One New York Plaza in Lower Manhattan paid down the 27 million-square-foot office property’s CMBS loan by $25 million, to $810 million, in order to win a two-year term extension...
Commercial Real Estate Direct Staff Report The appraised value of the 154,944-square-foot Pearlridge Uptown II shopping center near the Pearl Harbor Naval Station on Oahu, Hawaii, has been slashed as it faces a number of near-term lease rollovers In...
The CMBS trust that holds what is now a $7369 million mortgage against the Oaks Mall in Gainesville, Fla, has taken title to the property, which has been reappraised at a value of $76...
Commercial Real Estate Direct Staff Report The venture that owns the 11 million-square-foot Factory office property in Queens, NY, injected $187 million of fresh equity in order to win a two-year term extension of the property’s $300 million...
Commercial Real Estate Direct Staff Report Target Corp, which five years ago vacated the 22 million-square-foot City Center mixed-use complex in Minneapolis, has made a $1097 million payment to terminate its lease for 824,840 square feet at 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.
