The securitized world has $11 trillion of mortgages against multifamily properties An overwhelming majority were originated by government-sponsored enterprises, with a relatively tiny portion by CMBS lenders The latter have higher delinquency rates,...
The Commercial Real Estate Finance Council’s annual conference got underway at Manhattan’s Marriott Marquis hotel this morning, with some 1,200 people in attendance One of the initial takeaways: don’t count on capitalization-rate...
Crain’s Chicago Business A venture of Mavrek Development and Acres Capital is planning to convert the 143,000-square-foot office property at 209 West Jackson Blvd in Chicago into 180 apartment units Mavrek, of Chicago, is joining Acres, of...
The downtown Seattle office sector has overtaken San Francisco as the worst in the country, in terms of vacancy That could pose a risk for CMBS loans that are coming due or have matured and remain...
Commercial Real Estate Direct Staff Report The national industrial sector recorded 2498 million square feet of leasing activity in the first quarter, up 14% from a year ago, putting the sector on track for a record year of leasing, according to CBRE...
Just more than two-thirds of CMBS conduit loans by balance that came due in April were paid off on time That was a slight improvement from March and a marked improvement from the nearly 46% payoff rate in...
TYKO Capital has provided $870 million of financing for the construction of the Four Seasons Private Residences Lake Austin The project is being developed by a venture of Austin Capital Partners and Lincoln Property Co on nearly a mile of Lake...
Commercial Real Estate Direct Staff Report LXP Industrial Trust has paid $103 million, or $17176/sf, for the 599,664-square-foot office complex at 4025, 4035, and 4045 South Riverpoint Parkway in Phoenix The West Palm Beach, Fla, REIT bought the...
REBusiness Online Flaherty & Collins Properties has completed the 219-unit first phase of the Blutowne apartment development in Peoria, Ill The Indianapolis developer broke ground on the project, at 501 West Washington St, in late 2023 Its...
Several sizable shopping mall loans became delinquent last month, increasing the overall volume of CMBS loans that were classified as being more than 30 days late by 144%, or $646 million, to $4567 billion, according to Trepp...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
