Commercial Real Estate Direct Staff Report A portfolio of three Wilmington, Del, office buildings backing distressed CMBS debt are scheduled for sheriff’s sale next month The buildings, with 305,398 square feet at 200, 300, and 400 Bellevue...
Commercial Real Estate Direct Staff Report The appraised value of the 448-room Hilton Houston Post Oak hotel in the city’s Uptown area has been reduced again, this time by more than half to $31 million The property, constructed in 1982 but...
Kohan Retail Investment Group has purchased the Pecanland Mall in the northern Louisiana city of Monroe, giving it its second shopping mall in the state It also owns the Pierre Bossier Mall in Bossier City, which it also bought from a CMBS...
MF1 Capital, best known as a provider of bridge financing against apartment properties, is tapping the CMBS market with a $73422 million conduit-like transaction backed by fixed-rate loans against apartment...
Commercial Real Estate Direct Staff Report The 119 million-square-foot JACX office complex in Queens, NY, has had its appraised value slashed by 44% to $480 million The property, constructed in 2019, is comprised of two 26-story buildings that are...
Crain’s Chicago Business The 691,410-square-foot office building at 2 North LaSalle St in Chicago has been brought to the sales block by the bondholders that took control of it two years ago Torchlight Loan Services, the special servicer...
CBL & Associates Properties Inc is in talks to turn its Parkdale Mall and Crossing retail properties in Beaumont, Texas, over to its CMBS lender, which holds a $4755 million loan against them...
Commercial Real Estate Direct Staff Report The $13598 million CMBS loan against the Poughkeepsie Galleria shopping mall in suburban New York has once again transferred to special servicing It marks the second time the loan has been in special...
Commercial Real Estate Direct Staff Report The Hagerstown Premium Outlets retail property in the Maryland panhandle has had its appraised value reduced for the fourth time since its CMBS loan got into hot water in 2020 The 484,994-square-foot retail...
Commercial Real Estate Direct Staff Report The Heinz 57 Center office and retail building in downtown Pittsburgh has been reappraised at a value of only $198 million The 14-story building was constructed in 1913 at 339-357 6th Ave as a Kaufmann...
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.
