Commercial Real Estate Direct Staff Report The recent sale of 175 West Jackson Blvd in Chicago has resulted in a complete wipe out of the $25047 million CMBS loan that encumbered the 145 million-square-foot office building As reported, the...
Commercial Real Estate Direct Staff Report Last year, Colorado House Bill 25-1090: Protections Against Deceptive Pricing Practices, was signed into law The legislation, which went into effect at the start of January, requires businesses to present...
A total of 38 CMBS loans with a balance of $227 billion transferred to special servicers in January At the same time, special servicers worked out or otherwise resolved 44 loans with a balance of $201...
Commercial Real Estate Direct Staff Report The Philadelphia area office market recorded 113,422 square feet of negative absorption last year, according to Newmark, marking the area’s fifth straight year of negative absorption The chronic...
Morningstar DBRS has sharply downgraded the two most senior classes of the CMBS deal that holds a $16142 million mortgage against nine office properties with 139 million square feet owned by a Brookfield Asset Management-sponsored fund It downgraded...
Hull Property Group has acquired the Dayton Mall in Dayton, Ohio, for $37 million, resolving a long-troubled CMBS loan that had a $2078 million balance at the time of the retail property's purchase The transaction resulted in an $115 million loss to...
Bloomberg Palantir Technologies Inc is looking to lease additional office space in Manhattan The Denver data-integration company leases about 202,146 sf in Manhattan, including 140,345 sf at 620 Ave of the Americas The above first was reported by...
Commercial Observer GEICO has increased its footprint by 21,000 square feet to 121,000 sf at the 7272 Wisconsin Ave office property in Bethesda, Md The 348,000-sf building is owned by Carr Properties of Washington, DC CBRE represented Geico, while...
San Francisco Chronicle AI company Anthropic has fully leased 300 Howard St, a 466,000-square-foot office property in downtown San Francisco The five-year-old company has signed a 13-year deal for the 25-story property, formerly known as 199 Fremont...
Commercial Observer JPMorgan Chase Bank has increased its footprint at the 171 million-square-foot 5 Manhattan West office property in Manhattan’s Hudson Yards area by 139,322 sf to 566,549 sf The bank was paying $9283/sf in annualized base...
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.
