Commercial Real Estate Direct Staff Report Thor Equities and its partner, ASB Real Estate Investments, have sold the 14,589 square feet of retail space at 155 Mercer St in Manhattan’s SoHo neighborhood for $60 million, or $4,113/sf The venture...
Commercial Real Estate Direct Staff Report Cash flow at the 502,000-square-office building at 1515 Market St in downtown, or Center City, Philadelphia had declined by 30 percent last year, pushing it to a level below that needed to fully service its...
Commercial Real Estate Direct Staff Report Brunswick Square Mall in East Brunswick, NJ, has been appraised at a value of $305 million, less than half the $6451 million that is owed against it The latest appraisal was highlighted this morning in a...
Commercial Real Estate Direct Staff Report The $7555 million CMBS loan against the Pecanland Mall in Monroe, La, has transferred to special servicer Greystone Servicing Co because it wasn’t refinanced at its maturity earlier this month The...
Commercial Real Estate Direct Staff Report The CMBS trusts that hold a $424 million loan against the 487,000-square-foot office property at 401 South State St in Chicago are poised to take the property through foreclosure The foreclosure was first...
Commercial Real Estate Direct Staff Report JPMorgan Chase Commercial Mortgage Securities Corp, 2018-MINN, which held a $180 million mortgage against the 821-room Hilton Minneapolis hotel, has taken the property through foreclosure The foreclosure,...
Commercial Real Estate Direct Staff Report The $350 million senior securitized loan against the Gas Co Tower and nearby World Trade Center Garage, at 350 South Figueroa St, in Los Angeles, formally has transferred to special servicing The move had...
Commercial Real Estate Direct Staff Report The $300 million CMBS loan against the Bergen Town Center shopping mall in northern New Jersey has transferred to special servicer KeyBank because it’s expected to default at its maturity next month...
Commercial Real Estate Direct Staff Report The 176 million-square-foot office property at 1500 Market St in Center City, or downtown, Philadelphia, has been appraised at a value of $4012 million That’s down 21 percent from the $5094 million...
LNR Partners once again will be trying to sell the nonperforming CMBS loan against the historic Oheka Castle on Long Island's North Shore It tried selling it last fall, but didn't get bids that were high enough It's hired Mission Capital Advisors to...
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.
