Simon Property Group, which owns the Williamsburg Premium Outlets retail center in historic Williamsburg, Va, has negotiated a three-year term extension of the property's $185 million mortgage...
The risk that one of the highest-rated bond classes of a 2015 CMBS conduit deal would suffer losses recently increased as the combined allocated appraised value of the collateral behind its five remaining assets has declined to well less than the...
Commercial Real Estate Direct Staff Report Pyramid Management Group has lined up $2045 million of financing against its Walden Galleria shopping mall in the Buffalo, NY, area, allowing it retire a $19643 million CMBS loan that was set to mature in...
Commercial Real Estate Direct Staff Report The 220,000-square-foot 345 Seventh Ave office building in Manhattan’s Penn Plaza area is being offered for sale through a uniform commercial code foreclosure Benefit Street Partners...
Orion Properties Inc, which late last year expressed "substantial doubt" about its ability to continue as a going concern because of a pair of looming debt maturities, has addressed those issues, including extending the maturity of a $355 million...
Puget Sound Business Journal Johnson Development Associates is offering for sale Elara at the Market, a 150-unit apartment property in Seattle The Spartanburg, SC, company hired Kidder Mathews to market the property, at 2134 Western Ave Johnson...
The Paramus Park shopping mall in the northern New Jersey borough of Paramus has been reappraised at a value of only $614 million The latest appraisal is bad news for the CMBS deal that holds a $120 million mortgage against the...
The Wall Street Journal Anbang Insurance Group has tapped Eastdil Secured to market for sale the Waldorf Astoria hotel in Manhattan The famed property, at 301 Park Ave, now has 375 hotel rooms It also has 372 residential condominium units that are...
Commercial Real Estate Direct Staff Report The recent sale of 175 West Jackson Blvd in Chicago has resulted in a complete wipe out of the $25047 million CMBS loan that encumbered the 145 million-square-foot office building As reported, the...
A total of 38 CMBS loans with a balance of $227 billion transferred to special servicers in January At the same time, special servicers worked out or otherwise resolved 44 loans with a balance of $201...
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.
