Commercial Real Estate Direct Staff Report With its Aug 15 maturity fast approaching, the $11 billion CMBS loan against a portfolio of eight office and production studio properties with 223 million square feet in Los Angeles owned by a venture of...
Commercial Real Estate Direct Staff Report The venture that owns the 441,922-square-foot office building at 261 Fifth Ave in Manhattan’s midtown South has negotiated a forbearance agreement with the special servicer that’s handling the...
South Florida Business Journal An affiliate of Hill City Capital has placed an $88 million stalking horse bid for Spirit Airlines’ former headquarters campus in Dania Beach, Fla The 615,595-square-foot property will be sold at an Aug 11...
An unusually large volume of new delinquencies in the CMBS universe last month resulted in an 801% increase in loans that are more than 30 days late to $475 billion That amounts to 786% of the $60442 billion universe tracked by Trepp...
Commercial Real Estate Direct Staff Report DiamondRock Hospitality Co is once again considering putting its 1,200-room Chicago Marriott Downtown Magnificent Mile hotel on the sales block Two years ago, the Bethesda, Md, REIT classified the property...
CMBS loans against enclosed shopping malls that were written in 2016 or before then have a 963% delinquency rate, while those written in 2017 and later have nearly zero...
Crain’s Chicago Business A venture led by investor Jonathan Holtzman is offering for sale the Fisher Building, a 184-unit apartment property in Chicago The venture, which has held an ownership stake in the property since 1999, hired CBRE to...
Dallas Business Journal A venture of Regent Properties and a unit of Hana Financial is offering for sale three office buildings totaling 706,395 square feet at the 85-acre Legacy Central mixed-use campus in Plano, Texas JLL has been tapped to market...
The 53,617-square-foot 25 Taylor St office building in San Francisco’s Civic Center area has changed hands, resolving a distressed $1693 million CMBS loan against it The seven-story building, which also houses the Golden Gate Theater, was sold...
Commercial Real Estate Direct Staff Report The $4933 million CMBS loan against the Sangertown Square Mall in the Utica, NY, suburb of New Hartford, NY, has transferred to special servicing as it approaches its extended maturity next month The loan...
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