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...
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...
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...
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...
Commercial Real Estate Direct Staff Report Wells Fargo & Co, which earlier this year had purchased the retail space at 20 Hudson Yards in Manhattan’s Hudson Yard area, this week said that it would be moving about 2,300 of its employees...
The Real Deal Silicon Valley Bank has agreed to lease 60,000 square feet of office space at 222 Second St in San Francisco The bank will be vacating the 83,000 sf it leases at 505 Howard St, also in San Francisco Silicon Valley Bank is taking the...
Pacific Retail Capital Partners has acquired the Shops at Palm Desert, a 977,888-square-foot enclosed shopping center in Palm Desert, Calif, in the state's Coachella Valley area The acquisition involves the Los Angeles company's assumption of the...
Monroe News-Star The Pecanland Mall in Monroe, La, is losing one of its largest tenants as Cinemark movie theater recently announced it’s vacating the 23,170 square feet it occupies when its lease expires at the end of the year The movie...
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