Commercial Observer Law firm McDermott Will & Schulte is in talks to lease about 150,000 square feet at the 930,000-sf 343 Madison Ave office building that BXP Inc is developing in Midtown Manhattan The Boston REIT is being represented by CBRE,...
Commercial Real Estate Direct Staff Report The CMBS loan against the 174 million-square-foot office building at 1515 Broadway in Midtown Manhattan has been further extended through next March, after the building’s owner, a venture led by SL...
Tenants' preference for space in the newest buildings, a phenomenon that's become notable in the office sector, is now taking place in the industrial property...
Commercial Real Estate Direct Staff Report The $160 million mortgage against the 234 million-square-foot US Steel Tower in Pittsburgh matures in less than two months and is evidently facing challenges getting refinanced The loan is scattered among...
Charlotte Business Journal The buzz is Sumitomo Mitsui Banking Corp is nearing a deal for 200,000 square feet of office space at 301 South College, a 994,000-sf property in downtown Charlotte, NC The Tokyo-based financial services company would be...
Commercial Real Estate Direct Staff Report The $335 million CMBS loan against the 407-room Norfolk Waterside Marriott is headed to foreclosure The loan, originated just three years ago and securitized through BANK5, 2023-5YR2, transferred to special...
Commercial Real Estate Direct Staff Report Artificial intelligence companies continue to benefit San Francisco’s office market During the first quarter, the city’s office market logged 35 million square feet of leasing activity,...
Silicon Valley Business Journal Moving and storage company PODS Enterprises has agreed to fully lease the 104,400-square-foot industrial property at 1959 Monterey Road in San Jose, Calif CBRE brokered the deal on behalf of the property’s owner...
While the overwhelming majority of CMBS shopping mall loans are performing, 59 loans with a balance of $427 billion, or just more than 8% of the total mall balance, are delinquent, according to the TreppCRE...
Commercial Real Estate Direct Staff Report Moody’s Ratings estimates the value of the Hilton Minneapolis hotel at only $8911 million, contributing to its decision to downgrade three classes of a CMBS deal it rates that holds a $180 million...
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