The volume of CMBS loans that are more than 30 days late with their payments declined in February by 518% from January, to $4276 billion, marking the largest percentage drop in CMBS delinquency since 2022 The driver: office and retail loan...
Commercial Real Estate Direct Staff Report ACORE Capital has provided a $176 million loan against the 25,600 square feet of retail space at 1551-1555 Broadway in the Times Square section of Manhattan The loan allowed the owner of the space, a...
Commercial Real Estate Direct Staff Report The venture that owns One New York Plaza in Lower Manhattan paid down the 27 million-square-foot office property’s CMBS loan by $25 million, to $810 million, in order to win a two-year term extension...
Denver Business Journal Nationwide Mutual Insurance Co has provided $404 million of financing for the construction of Highline Vista, a 172-unit apartment property in Littleton, Colo, a southern suburb of Denver The project, at 16 West Dry Creek...
Commercial Real Estate Direct Staff Report The appraised value of the 154,944-square-foot Pearlridge Uptown II shopping center near the Pearl Harbor Naval Station on Oahu, Hawaii, has been slashed as it faces a number of near-term lease rollovers In...
The CMBS trust that holds what is now a $7369 million mortgage against the Oaks Mall in Gainesville, Fla, has taken title to the property, which has been reappraised at a value of $76...
Commercial Real Estate Direct Staff Report The venture that owns the 11 million-square-foot Factory office property in Queens, NY, injected $187 million of fresh equity in order to win a two-year term extension of the property’s $300 million...
South Florida Business Journal Hyperion Development Group has lined up $98 million of financing for the construction of the Ocean One apartment project in Boynton Beach, Fla Madison Realty Capital provided the loan Ocean One is being built on 371...
Commercial Real Estate Direct Staff Report Goldman Sachs has provided $75 million of fixed-rate financing for the 341-room Marriott Monterey hotel in downtown Monterey, Calif Sonnenblick-Eichner Co arranged the latest loan, which allowed the...
Commercial Real Estate Direct Staff Report Target Corp, which five years ago vacated the 22 million-square-foot City Center mixed-use complex in Minneapolis, has made a $1097 million payment to terminate its lease for 824,840 square feet at the...
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.
