Commercial Real Estate Direct Staff Report Trion Properties has paid $236 million, or $226,923/unit, for Courtyard at Artisan Square, a 104-unit apartment property in Sacramento, Calif The Los Angeles investment manager purchased the property from a...
Commercial Real Estate Direct Staff Report The 511,208-square-foot office building at 285 Madison Ave in midtown Manhattan has been appraised at a value of $411 million, one-third less than the $610 million value pegged to it in 2017 when a $475...
Nearly $109 billion of floating-rate CMBS loans mature this year, according to analysis by Kroll Bond Rating Agency While more than 90 percent of that volume is eligible to be extended, those loans generally are required to have interest-rate caps...
The $2771 million loan against the Wells Fargo Center in Denver has transferred to special servicing as it matured last month The loan originally had matured a year ago and was extended through last month To meet the requirements of a further...
Commercial Real Estate Direct Staff Report The $15987 million CMBS loan against the 988,646-square-foot office building at 301 South College St in Charlotte, NC, has transferred to special servicing because it’s expected to default at its May...
Asking capitalization rates for net-leased properties in the retail, office and industrial sectors have now increased for three consecutive quarters to an average 652 percent in the fourth quarter, according to the Boulder Group...
Commercial property sales last year declined by 15 percent from 2021's record level, to $72981 billion, according to MSCI Real Assets Last year's volume is the second-highest on record Prices, meanwhile, have begun to soften, while capitalization...
Commercial Real Estate Direct Staff Report Capitalization rates for relatively small commercial properties – those with up to 50,000 square feet each – increased in the fourth quarter for three of the four major property types tracked by...
Fitch Ratings has downgraded 10 classes of JPMBB Commercial Mortgage Securities Trust, 2014-C24, as it has increased its projection for losses from the deal’s collateral pool, which includes a pair of potentially problematic loans backed by...
Commercial Real Estate Direct Staff Report The first CMBS conduit transaction of 2023 has hit the blocks The $7851 million transaction, BMO Commercial Mortgage Securities Trust, 2023-C4, includes loans from nine contributors, led by Bank of...
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.
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