The volume of CMBS loans in the hands of special servicers increased last month only marginally - 051 percent - to $4109 billion, according to Trepp Inc A total of 45 loans with a balance of $224 billion were newly transferred in November But...
Commercial Real Estate Direct Staff Report The amount of office space available for sublease in Chicago’s central business district increased to 826 million square feet so far this month, according to Transwestern, marking a new historic high...
Throckmorton Partners has paid $731 million, or $276,894/room, for the 264-room South Tower of the former Fairmont Hotel in downtown San Jose, Calif That will result in a substantial paydown of a troubled $1735 million loan, held by BrightSpire...
Commercial Observer The venture between Tamares Group and Atlantic Realty Co that owns Towers III and IV within the Plaza America office complex in Reston, Va, has negotiated a three-year extension of the buildings’ $97 million of total...
Transaction activity in the sale-leaseback market declined by 35 percent to $336 billion in the third quarter, from $518 billion in the second quarter A year ago, volume had totaled $512 billion...
The major mortgage REITs continued to see loans get repaid during the third quarter, but their lending activity, while up sharply from the second quarter, remained well below norms This year through September, they've originated just one-tenth of...
Commercial Real Estate Direct Staff Report Brookfield Properties has lined up a $190 million loan against its Stonestown Galleria shopping mall in San Francisco from Deutsche Bank, Wells Fargo Bank and Barclays Capital Real Estate The loan allowed...
Commercial Real Estate Direct Staff Report Wells Fargo Bank, which services the $25047 million CMBS loan against 175 West Jackson Blvd in Chicago, has deemed its advances to no longer be recoverable as the 145 million-square-foot office...
Trophy office properties in Manhattan - those buildings constructed or redeveloped within the past five years - have sharply outperformed non-trophy, class-A buildings Asking rents for trophies were up 7 percent in the third quarter, while rents for...
The volume of CMBS loans that are more than 30 days late declined in November by $499 million, or 161 percent, to $2746 billion, according to Trepp Inc That amounts to 458 percent of the $60019 billion CMBS universe But October's volume was skewed...
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