Log In or Subscribe to read more
Home > Loan on Another Phila. Office Building Transfers to Special Servicing
The volume of delinquency in the CMBS universe ballooned by 74 percent last month to $2971 billion, according to Trepp Inc, putting that metric at a level not seen since late 2021 as the market was recovering from the Covid lockdowns The office...
Host Hotels & Resorts Inc has paid $530 million, or $735,090/room, for a two-hotel complex with 721 rooms in Nashville, Tenn The Bethesda, Md, REIT bought the property, comprised of the 215-room 1 Hotel Nashville and 506-room Embassy Suites by...
Commercial Real Estate Direct Staff Report The $3896 million CMBS loan against 100 Westminster, a 361,462-square-foot office building in Providence, RI, has been extended by a year through next February, with an option that would allow it to be...
Commercial Real Estate Direct Staff Report The two-building office complex at 760 and 800 Westchester Ave in Rye Brook, NY, last year had absorbed a 13 percent increase in utility expenses, helping offset the 64 percent increase in rental income it...
Commercial Real Estate Direct Staff Report American Eagle will vacate the 192,322 square feet it occupies at 393-401 Fifth Ave in midtown Manhattan as part of a broader consolidation As reported, the retailer had signed a lease for 338,035 sf at 63...
The Real Deal Bristol Myers Squibb is planning to vacate Woodside Technology Park, a 256,000-square-foot office campus in Redwood City, Calif The New York drug manufacturer’s lease for the entire property is set to mature in March 2027 It...
Commercial Real Estate Direct Staff Report Columbia St Mary’s Inc has decided not to renew its lease for 130,901 square feet at the East Lake Tower Corporate Center office property in Glendale, Wis The exit was highlighted recently in a CMBS...
Commercial Real Estate Direct Staff Report Hagerstown Premium Outlets, a 484,994-square-foot retail property in Hagerstown, Md, has had its appraised value cut again, to $325 million, putting it 79 percent lower than the $150 million value pegged to...
Commercial Real Estate Direct Staff Report The appraised value of the 127-unit apartment property at 1209 DeKalb Ave in Brooklyn, NY, has been slashed to $372 million, well less than the $46 million mortgage against it The loan is securitized...
The size of the US commercial mortgage universe last year grew by $2328 billion to $589 trillion, according to Trepp Inc Banks and thrifts continue to carry the largest volume of mortgages, with 499 percent, or $294 trillion, of loans That was up...
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved..
Subscribe now to keep reading and get access to the full archive.