The Rochester, NY, suburb of Victor, NY, has proposed taking over the Eastview Mall and Commons retail property through eminent domain as a way of resetting the shopping mall's capital structure...
Commercial Real Estate Direct Staff Report The Southridge Mall in Greendale, Wis, is on the cusp of being sold, subject to the assumption of the property’s long-delinquent $10087 million CMBs loan A total of 553,801 square feet of the 116...
The life-sciences sector’s construction pipeline totaled 56 million square feet in the second quarter, down sharply from more than 25 million sf at its peak in the second quarter of 2023, according to Cushman & Wakefield About 45 million...
The number of active data center moratoriums nationwide has surged to 279 through September, up from just 16 a year earlier, according to Interconnected Capital's US Data Center Moratorium...
The legacy CMBS universe is nearing extinction, as only $102 billion of loans securitized in 2010 or earlier remain in the $6369 billion CMBS market...
Commercial Real Estate Direct Staff Report The redevelopment of Baltimore’s Harborplace within the city’s Inner Harbor area got a shot in the arm in recent days, when a city agency agreed to a tax reduction for the retail property The...
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...
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...
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