The volume of CMBS loans that are more than 30 days late with their payments declined in February by 518% from January, to $4276 billion, marking the largest percentage drop in CMBS delinquency since 2022 The driver: office and retail loan...
Commercial Real Estate Direct Staff Report The venture that owns One New York Plaza in Lower Manhattan paid down the 27 million-square-foot office property’s CMBS loan by $25 million, to $810 million, in order to win a two-year term extension...
Commercial Real Estate Direct Staff Report The appraised value of the 154,944-square-foot Pearlridge Uptown II shopping center near the Pearl Harbor Naval Station on Oahu, Hawaii, has been slashed as it faces a number of near-term lease rollovers In...
The CMBS trust that holds what is now a $7369 million mortgage against the Oaks Mall in Gainesville, Fla, has taken title to the property, which has been reappraised at a value of $76...
Commercial Real Estate Direct Staff Report The venture that owns the 11 million-square-foot Factory office property in Queens, NY, injected $187 million of fresh equity in order to win a two-year term extension of the property’s $300 million...
Crain’s Chicago Business RJW Logistics has agreed to fully lease a 788,000-square-foot industrial building at 26220 West 143rd St in Plainfield, Ill, a western suburb of Chicago The logistics company was represented by JLL, while CBRE...
Commercial Real Estate Direct Staff Report Target Corp, which five years ago vacated the 22 million-square-foot City Center mixed-use complex in Minneapolis, has made a $1097 million payment to terminate its lease for 824,840 square feet at the...
Crain’s Chicago Business Spear Street Capital is offering for sale the 650,812-square-foot office property at 225 West Wacker Drive in Chicago The San Francisco investment firm hired Cushman & Wakefield to market the property, which it...
Orlando Business Journal Bonnet Creek Village SPE LLC is offering for sale a 200-room Rodeway Inn in the Orlando, Fla, suburb of Kissimmee, Fla The property comes to market with an asking price of $32 million The hotel, at 5995 West Irlo Bronson...
Simon Property Group, which owns the Williamsburg Premium Outlets retail center in historic Williamsburg, Va, has negotiated a three-year term extension of the property's $185 million mortgage...
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