Commercial Real Estate Direct Staff Report The 441,523-square-foot office building at 3000 Post Oak Boulevard in Houston’s Galleria area has been sold in a deal that resulted in $648 million of losses to the three CMBS trusts that held an $80...
Commercial Real Estate Direct Staff Report The three CMBS trusts that hold an $8326 million mortgage against three Simon Property Group retail outlet centers have taken title to the properties The three are the 359,877-square-foot Gaffney Outlet...
Commercial Real Estate Direct Staff Report The 585,448-square-foot 225 Bush St office building in San Francisco was reappraised in March at a value of $228 million That’s a nearly 50% increase from the $153 million appraised value placed on...
The 131 million-square-foot office building at 135 South LaSalle St in Chicago has been reappraised at a value of only $34 million Its $100 million loan is one of three left in a 2015 CMBS conduit deal whose A-S class could be facing...
The Rochester, NY, suburb of Victor, NY, has proposed taking over the Eastview Mall and Commons retail property through eminent domain as a way of resetting the shopping mall's capital structure...
Commercial Real Estate Direct Staff Report The Southridge Mall in Greendale, Wis, is on the cusp of being sold, subject to the assumption of the property’s long-delinquent $10087 million CMBs loan A total of 553,801 square feet of the 116...
The legacy CMBS universe is nearing extinction, as only $102 billion of loans securitized in 2010 or earlier remain in the $6369 billion CMBS market...
The venture that bought the 351-room Hyatt Regency Jersey City hotel four years ago is in talks with its CMBS lenders over a potential modification of the property's $100 million...
As a percentage of the overall CMBS universe, the special servicing rate is the highest it has been since February 2013, when it was 1152% But the universe back then was smaller than it is today Meanwhile, given the recent workout of a large loan,...
Commercial Real Estate Direct Staff Report With its maturity approaching, the $396 million senior CMBS loan against the 632,584-square-foot office building at 85 Tenth Ave, between Manhattan’s Chelsea and Meatpacking districts, has been...
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