The venture that bought the 351-room Hyatt Regency Jersey City hotel four years ago is in talks with its CMBS lenders over a potential modification of the property's $100 million...
As a percentage of the overall CMBS universe, the special servicing rate is the highest it has been since February 2013, when it was 1152% But the universe back then was smaller than it is today Meanwhile, given the recent workout of a large loan,...
Commercial Real Estate Direct Staff Report With its maturity approaching, the $396 million senior CMBS loan against the 632,584-square-foot office building at 85 Tenth Ave, between Manhattan’s Chelsea and Meatpacking districts, has been...
Dallas Business Journal The US General Services Administration is offering for sale the 669,264-square-foot Fritz G Lanham Federal Building in Fort Worth The office property, which was built in 1966 at 819 Taylor St, is being marketed along with a...
CMBS lenders securitized $1493 billion of loans against industrial properties this year through August At the current pace, the full year's volume of industrial loans should top last year's $1856...
Commercial Real Estate Direct Staff Report The $785 million senior CMBS loan against the 786,891-square-foot One SoHo Square office property in Manhattan’s SoHo neighborhood has transferred to special servicer Midland Loan Services at the...
Dallas Business Journal Morgan Stanley plans to lease about 255,000 square feet of office space at the 12 million-sf Fountain Place in downtown Dallas while its new regional headquarters is developed in the city’s Uptown neighborhood The giant...
The Chapter 7 bankruptcy of Sonder Holdings Inc, a provider of short-term apartment rentals, is creating idiosyncratic distress among a number of properties financed through the CMBS market that were reliant on the company's...
Dallas Business Journal Shorenstein Investment Advisers has acquired Sherry Lane Place, a 300,000-square-foot office building in Dallas The San Francisco investment manager purchased the property from a fund sponsored by CBRE Global Investors, which...
Austin Business Journal Allen Control Systems has signed a lease for 192,000 square feet at 15700 Long Vista Drive in Austin, Texas The defense technology company will use the property as a manufacturing hub for its Bullfrog autonomous counter-drone...
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