AMC Entertainment generated $16 billion of revenue during the second quarter, the company's highest grossing quarter in its 106-year history Meanwhile, loans against properties in which it's a tenant have outperformed CMBS retail loans in...
Commercial Real Estate Direct Staff Report The real estate arm of brothers Michael and David Shabsels last month filed for Chapter 11 bankruptcy protection in US Bankruptcy Court for the District of New Jersey The unit, Damis Holdings LLC, owns 55...
Commercial Real Estate Direct Staff Report The $1004 million CMBS loan against the Meadows Mall just northwest of the Las Vegas Strip has transferred to special servicer Midland Loan Services as it’s maturing in the coming weeks The loan is...
The weighted average occupancy rate of apartment properties that back both private-label and Freddie Mac loans securitized in 2021 largely have fallen short of underwritten...
Commercial Real Estate Direct Staff Report The sale of Los Angeles’ 14 million-square-foot Bank of America Plaza office property has resulted in a loss of $17587 million to the four CMBS trusts that held a $400 million loan against the...
Commercial Real Estate Direct Staff Report Philadelphia’s 1818 Market St office building, with 999,828 square feet, has had its appraised value reduced once again, to $158 million The 54-year-old building, which was purchased by Shorenstein...
Commercial Real Estate Direct Staff Report A total of $349 billion of previously delinquent CMBS loans were cured, or made performing once again last month, contributing to the 37% reduction in the overall volume of loans that are now more than...
The office sector has been ground zero for distress in the commercial real estate market, but CMBS delinquencies suggest a nuanced picture...
Commercial Real Estate Direct Staff Report The 12-story mixed-use building at 250 Livingston St in Brooklyn, NY, has been reappraised at a value of only $231 million, contributing to Morningstar DBRS’ downgrade of five principal-paying classes...
Commercial Real Estate Direct Staff Report Plymouth Corporate Center, a 628,436-square-foot office property in the Minneapolis suburb of Plymouth, Minn, has been reappraised at a value of $453 million The latest appraisal, which was highlighted this...
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.
