The volume of CMBS loans that are more than 30 days delinquent declined in October by $905 million to $4775 billion The drop was driven by the modification, or reversion back to performing, of a number of very large loans, including a $11 billion...
Boston Business Journal Bulfinch Cos has paid $151 million, or $23231/sf, for the 65,000-square-foot office building at 210 Broadway in Cambridge, Mass The Boston-area real estate firm acquired the property from BioMed Realty of San Diego, which had...
New York Business Journal Northwind Group has provided $231 million of construction financing for the conversion of 675 Third Ave, a 337,000-square-foot office building in Manhattan, into as many as 450 apartments A venture of Metro Loft Management...
Washington Business Journal The CMBS trust that holds the $501 million loan against Worldgate Centre in Herndon, Va, has taken title to the 229,000-square-foot retail property at a foreclosure auction Five other groups competed in the auction,...
Commercial Real Estate Direct Staff Report The $5409 million CMBS loan against the 671,416-square-foot Executive Towers West office property in the Chicago suburb of Downers Grove, Ill, has transferred to special servicing as it’s expected to...
The reported dissolution of law firm Weil, Gotshal & Manges will result in a nearly 25% vacancy at the iconic General Motors Building, opposite the Plaza Hotel and Grand Army Plaza in Midtown...
Commercial Real Estate Direct Staff Report Grove City Premium Outlets in the western Pennsylvania borough of Grove City has been reappraised at a value of $1193 million, down from $1498 million a year ago and $255 million in 2015, when a $140...
The Real Deal David Werner is said to be buying the 49% stake in the 103 million-square-foot 605 Third Ave office building in Midtown Manhattan from JPMorgan Asset Management, which offered the stake through Newmark The remaining stake in the...
The median loan-to-value ratio of mortgages against manufactured-housing properties that were securitized so far this year decreased to 582% from 596% for all of last year...
Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has further lowered its rating on the most senior bond class of Morgan Stanley Capital I Inc, 2019-NUGS The $2771 million transaction is backed by part of a $3277 million financing...
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.
