Owners of office properties whose mortgages mature from now through 2025 could face a funding gap of $727 billion, according to analysis by CBRE Econometric Advisors The funding gap is the difference between the size of an existing loan and the...
Commercial Real Estate Direct Staff Report Accesso Partners has paid off a pair of CMBS loans totaling $7886 million against office properties it owns and exercised an option to extend the maturity of a third loan totaling $68 million The Hallandale...
The Real Deal A special referee appointed by a New York Supreme Court judge has ruled in favor of the CMBS trust that holds a $33 million loan against the 155-room Distrikt Hotel in midtown Manhattan The special referee, John A Owens, entered a...
CMBS special servicing volumes jumped last month by a whopping 804 percent, to $3759 billion, according to Trepp Inc It now amounts to 611 percent of the $61553 billion universe the company tracks The volume is now nearly where it was in December...
Commercial Real Estate Direct Staff Report The Brookfield Corp affiliate that owns the Tucson Mall in Tucson, Ariz, and Town East Mall in Mesquite, Texas, has exercised its option to further extend the maturity of the $33284 million of securitized...
Park Hotels & Resorts Inc said it would not make the June debt-service payment against the $725 million CMBS loan on a pair of hotels with a total of 2,943 rooms in San Francisco, adding that it would rid itself of the properties The loan is...
Kansas City Business Journal Black & Veatch, a global engineering firm, has agreed to lease 78,000 square feet of office space at the 327 million-square-foot Aspiria office campus in Overland Park, Kan The property is owned by Occidental...
Tishman Speyer has negotiated the one-year extension of the $485 million mortgage against 300 Park Ave, a 771,643-square-foot office building in midtown Manhattan The loan, securitized through COMM, 2013-300P, now matures in August 2024 But its...
Lenders that hold $940 million of mortgage debt against 95 apartment properties with 2,452 units in San Francisco have hired Eastdil Secured to market it for sale, according to a report in The Real Deal A big chunk of the financing – $60256...
The volume of CMBS office loans classified as being more than 30 days late skyrocketed by nearly 45 percent last month to $675 billion, propelling the overall volume of delinquency to $2237 billion, or 363 percent of the CMBS universe tracked by...
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