Park Hotels & Resorts Inc said it would not make the June debt-service payment against the $725 million CMBS loan on a pair of hotels with a total of 2,943 rooms in San Francisco, adding that it would rid itself of the properties The loan is...
Kansas City Business Journal Black & Veatch, a global engineering firm, has agreed to lease 78,000 square feet of office space at the 327 million-square-foot Aspiria office campus in Overland Park, Kan The property is owned by Occidental...
Tishman Speyer has negotiated the one-year extension of the $485 million mortgage against 300 Park Ave, a 771,643-square-foot office building in midtown Manhattan The loan, securitized through COMM, 2013-300P, now matures in August 2024 But its...
Lenders that hold $940 million of mortgage debt against 95 apartment properties with 2,452 units in San Francisco have hired Eastdil Secured to market it for sale, according to a report in The Real Deal A big chunk of the financing – $60256...
The volume of CMBS office loans classified as being more than 30 days late skyrocketed by nearly 45 percent last month to $675 billion, propelling the overall volume of delinquency to $2237 billion, or 363 percent of the CMBS universe tracked by...
The venture that owns a portfolio of seven office buildings with 213 million square feet in the Washington, DC, suburb of Arlington, Va, is unlikely to refinance the $841 million of indebtedness against the properties when it matures in the coming...
The $558 million mortgage against the Lakeland Square Mall in the central Florida city of Lakeland has transferred to special servicer SitusAMC as it has matured It last received a debt-service payment in March The loan is one of three left in the...
The Real Deal A portfolio of three apartment properties with 48 units and 8,000 square feet of retail space in the North of Little Italy, or Nolita, neighborhood of Manhattan is headed toward foreclosure The portfolio serves as collateral for a $41...
Commercial Real Estate Direct Staff Report The Melohn Group, which owns the 574,878-square-foot office building at 111 West Jackson Blvd within Chicago’s Loop, is attempting to negotiate a workout of the property’s $105 million of CMBS...
Commercial Real Estate Direct Staff Report Pinnacle II, a 230,000-square-foot office building in Burbank, Calif, that serves as collateral for an $87 million CMBS loan has gone vacant The vacancy was highlighted in a TreppWire report The property,...
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