A unit of Silver Star Properties REIT Inc, a non-traded REIT formerly known as Hartman Short-Term Income Properties XX Inc, has filed for bankruptcy, which would trigger an event of default for a $21728 million CMBS loan backed by its properties But...
Philadelphia Business Journal Trigild has been named receiver of Philadelphia’s Wanamaker Building, a 954,363-square-foot office property in downtown, or Center City, Philadelphia The historic building, at 100 Penn Square East, which was built...
Commercial Real Estate Direct Staff Report The $274 million of CMBS debt against the 754-unit NEMA San Francisco apartment property has formally transferred to special servicer SitusAMC The action was expected as the loan’s collateral, a...
Commercial Real Estate Direct Staff Report The appraised value of One North LaSalle, a 489,787-square-foot office property in Chicago, has been slashed to $37 million from $1168 million in 2018, when a $672 million loan was made against it Its...
The Real Deal SL Green Realty Corp has taken title to the fee interest, or ground beneath 625 Madison Ave, a 563,000-square-foot office building that it owns The New York REIT took over the property at uniform commercial code auction conducted...
Commercial Real Estate Direct Staff Report TPG Real Estate Finance Trust has sold what had been a $145 million loan it had provided nearly four years ago against the 78,500 square feet of office and retail space at 300 Lafayette St in...
KBS Growth & Income REIT Inc, which in 2016 had acquired the 219,742-square-foot Commonwealth office building in downtown Portland, Ore, has lost the property in a foreclosure It had purchased the property in 2016 for $69 million, funding it with a...
Commercial Real Estate Direct Staff Report The $19393 million CMBS loan against the ground beneath the 563,000-square-foot office building at 625 Madison Ave has transferred to special servicer Rialto Capital Advisors because it’s expected to...
Commercial Real Estate Direct Staff Report The $47 million CMBS loan against three buildings with 346,478 square feet in the Cranberry Woods Office Park in the Pittsburgh suburb of Cranberry Township, Pa, has defaulted at its maturity The loan is...
Commercial Real Estate Direct Staff Report Park Hotels & Resorts Inc is trying to quickly give to its CMBS lender its two largest San Francisco hotels, the 1,024-room Hilton Parc 55 and the 1,919-room Hilton San Francisco Union Square The...
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.
