Morningstar DBRS has sharply downgraded the two most senior classes of the CMBS deal that holds a $16142 million mortgage against nine office properties with 139 million square feet owned by a Brookfield Asset Management-sponsored fund It downgraded...
Hull Property Group has acquired the Dayton Mall in Dayton, Ohio, for $37 million, resolving a long-troubled CMBS loan that had a $2078 million balance at the time of the retail property's purchase The transaction resulted in an $115 million loss to...
Commercial Real Estate Direct Staff Report The continued weak performance of 521 Fifth Ave in Midtown Manhattan has prompted S&P Global Ratings to downgrade three bond classes of COMM, 2019-521F, the CMBS deal that holds the 494,527-square-foot...
A total of $536 billion of CMBS loans were newly classified as being more than 30 days late with their payments last month That more than offset the reclassification of another $264 billion of previously delinquent loans to performing and the payoff...
The $725 million CMBS loan against the 1,024-room Hilton Parc 55 and 1,919-room Hilton San Francisco Union Square hotels was split into two pieces and had its term extended through November...
Dallas Morning News The proposed sale of Harwood Center in downtown Dallas never came to fruition, as the CMBS trusts that hold the property’s $7883 million of distressed debt opted not to sell it COMM 2014-CR20, which holds a $5245 million...
Commercial Real Estate Direct Staff Report Lone Star Funds’ $1306 million purchase of the $240 million mortgage against the 359,883-square-foot 600 California St office building in San Francisco resulted in a $14403 million loss to the CMBS...
Commercial Real Estate Direct Staff Report The $310 million loan Deutsche Bank and Societe Generale provided against the 512,171-square-foot office property at 535-545 Fifth Ave in Midtown Manhattan pays a 706% coupon The loan was used by the...
The Real Deal The CMBS trusts that held the $12293 million loan against the 750 Lexington Ave office property in Midtown Manhattan have taken title to the property through a foreclosure held last week The two trusts are GS Mortgage Securities Corp,...
Commercial Real Estate Direct Staff Report The CMBS trusts that hold a $130 million loan against 90 Hudson St in Jersey City, NJ, could soon take title to the 431,658-square-foot office building Servicer notes compiled by Trepp Inc indicate that the...
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