Commercial Real Estate Direct Staff Report NGI East Bay Portfolio LLC, which indirectly owns the 236-bed Garden Village student-housing property in Berkeley, Calif, has filed for bankruptcy in US Bankruptcy Court for the Northern District of...
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 $16295 million of CMBS debt against the Fair Oaks Mall in suburban Washington, DC, is expected to transfer to special servicer Argentic Services Co as it’s not expected to get paid off by its...
Commercial Real Estate Direct Staff Report The CMBS trust that holds a $48 million loan against the King’s Shops retail center, with 69,023 square feet in Waikoloa Village on the Big Island of Hawaii, has taken the property through foreclosure...
Starwood Property Trust has taken the former Broadway Trade Center, a 11 million-square-foot mixed-use property in downtown Los Angeles, by foreclosing against a $2451 million senior loan it held against it...
The Real Deal Ashkenazy Acquisition Corp is trying to avoid losing 635 Madison Ave, a 177,262-square-foot office building in midtown Manhattan, to foreclosure by arguing that a law passed during the coronavirus pandemic should protect it against...
The Real Deal LNR Partners, special servicer for a $41 million securitized loan against the 94,373-square-foot office building at 29 West 35th St in midtown Manhattan, has filed to take the property through foreclosure The loan is securitized...
The $27035 million securitized portion of a $36365 million financing package against a portfolio of 11 apartment properties with 637 units in Manhattan, has transferred to special servicing The properties are owned by a Blackstone Group fund and...
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.
