The volume of CMBS loans in the hands of special servicers declined for the second straight month in December, to $6386 billion That's 1071% of the $59649 billion universe tracked by Trepp...
Commercial Real Estate Direct Staff Report Rialto Capital Advisors has changed the terms of a modification of the $130 million CMBS loan against the 78,287 square feet of retail space at the base of the 350-room Renaissance by Marriott hotel at 215...
Commercial Real Estate Direct Staff Report The $260 million CMBS loan against the 5 Penn Plaza office building in midtown Manhattan has been extended by two years through January 2028 The loan, which initially matured this month, transferred to...
Domestic, private-label CMBS issuance increased by nearly 21% last year to $1256 billion, marking the sector's most active year since the Global Financial Crisis...
The $5323 billion universe of CMBS loans against regional and superregional malls tracked by Trepp Inc has an 112% delinquency rate It might be an optimistic...
The CMBS trusts placed a winning credit bid of $1302 million at the property's foreclosure action just more than a month ago That was more than two years after the previous owner, Unibail-Rodamco-Westfield, announced that it would turn the property...
The volume of CMBS loans that are more than 30 days late with their payments declined by $264 million in December to $4358 billion, marking the fifth time that delinquency volumes declined last...
Commercial Real Estate Direct Staff Report Clipper Realty Inc has provided a $10 million letter of credit to fund a reserve account tied to the $100 million CMBS loan against its 141 Livingston St office building in Brooklyn, NY, resolving a dispute...
Commercial Real Estate Direct Staff Report Dominium has bought a pair of affordable-housing properties with 578 units in Durham, NC, for $835 million The Dallas developer paid $465 million, or $149,038/unit, for the 312-unit Falls Pointe at the...
Commercial Real Estate Direct Staff Report The $835 million CMBS loan against the 27 million-square-foot One New York Plaza office property in lower Manhattan is facing its final maturity next month, prompting a move to transfer the debt to special...
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.
