The volume of CMBS loans that are more than 30 days late with their payments increased again in September, to $2656 billion, or 44 percent of the universe tracked by Trepp Inc That's in sharp contrast to August, when volumes had declined by 45...
Philadelphia Business Journal The $3736 million loan against the 463,988-square-foot office building at One South Broad St in Philadelphia has been extended through September 2025 The loan, securitized through JPMorgan Chase Commercial Mortgage...
REBusiness Online Douglaston Development has completed construction of a 188-unit seniors-housing property at 2856 Webster Ave in the Bronx, NY The property, which will be part of a larger complex, is subject to a ground lease with the New York...
The Crowne Plaza JFK Airport hotel, with 335 rooms in the Jamaica section of Queens, NY, has been sold for $84 million, or $250,746/room The property's sale will result in the defeasance or likely pay off of a $377 million CMBS mortgage that doesn't...
REBusiness Online Construction of Overlook Flats, a 297-unit apartment property in the Journal Square section of Jersey City, NJ, has been completed and leasing has gotten underway The property, at 32 Oakland Ave, was developed by Milton Fantin It...
New York Post Wells Fargo has agreed to pay $550 million, or $1,375/sf, for the 400,000-square-foot retail property at 20 Hudson Yards in Manhattan’s Hudson Yards area The property once was fully leased by department store Neiman Marcus and is...
Commercial Real Estate Direct Staff Report Morgan Stanley, Citigroup, Goldman Sachs and Wells Fargo Bank have originated a $700 million mortgage against the Oakbrook Center shopping mall in the Chicago suburb of Oakbrook, Ill, owned by a venture led...
The Real Deal The venture that owns 300 East 42nd St in midtown Manhattan has handed the 236,392-square-foot office building over to its lender, Fortress Investment Group, which has tapped JLL Capital Markets to market it for sale The venture,...
The volume of commercial real estate loans coming due through 2027 increased slightly in the second quarter to $278 trillion from $275 trillion in the first quarter, according to Trepp Inc This year, $5369 billion of loans come due, and next year,...
Crain’s New York Business Norges Bank Investment Management is said to be the buyer of a 45 percent stake in the planned 900,000-square-foot office property at 343 Madison Ave in midtown Manhattan The stake was sold by Boston Properties,...
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.
