Greystone took the top spot in a ranking of CMBS conduit B-piece buyers this year through September, marking the first time the company has sat atop the list It invested in the most subordinate bonds of three conduit transactions with a combined...
Moody’s Investors Service expects the resolution of at least one of two loans remaining in the collateral pool for COMM, 2012-CCRE3, to result in losses that have prompted it to downgrade four of the deal’s remaining bond classes It...
Commercial Real Estate Direct Staff Report Fitch Ratings expects the $25771 million CMBS loan against the Gurnee Mills mall in northern Illinois to suffer a loss of up to 293 percent, or $7551 million That has prompted it to lower its ratings...
Only $997 billion of domestic, private-label CMBS priced during the third quarter, down from $1049 billion in the second quarter, bringing issuance for the year so far to $2646 billion That's down just more than 58 percent from last...
Commercial Real Estate Direct Staff Report The $99 million CMBS loan against the 247,183-square-foot office building at 1140 Ave of the Americas in midtown Manhattan could suffer a loss of 28 percent, or $2772 million, according to analysis by Fitch...
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...
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...
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,...
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