Commercial Real Estate Direct Staff Report The $80 million CMBS loan against the 441,523-square-foot 3000 Post Oak Blvd office building in Houston’s Galleria area is headed to foreclosure The loan is divided among three CMBS deals, with a $35...
Washington Business Journal An affiliate of Broadshore Capital Partners has put One Union Center, a 190,200‑square‑foot office building in Washington, DC, on the sales market JLL has the listing for the 11‑story property, at 810 First St NE,...
The volume of CMBS loans that are classified as being delinquent declined in April by $815 million, or 178%, to $4502 billion Delinquency volumes have gyrated over the past 12 months, climbing in six months and declining in another...
Prime Finance, an alternative lender that also invests in the most subordinate classes of CMBS conduit deals, is on track to fund more than $4 billion of loans this year...
Philadelphia Business Journal MRP Realty is offering for sale The Griffin, a 217‑unit apartment building in downtown, or Center City, Philadelphia The Washington, DC, company bought the property in 2014 for $33 million from Ashkenazy Acquisition...
Nashville Business Journal Local developer Tony Giarratana is offering for sale the Alcove, a 356-unit apartment building in downtown Nashville, Tenn Newmark has the listing for the 34-story building at 900 Church St The property comes to market...
Crain’s Chicago Business McKinsey has agreed to sublease 72,000 square feet of office space at Chicago’s Salesforce Tower The consulting firm is subleasing the space from the 12 million-square-foot building’s namesake tenant,...
Crain’s Chicago Business A venture of Franklin Partners and Bixby Bridge Capital has paid $16 million for the $6816 million of CMBS debt against 200 West Monroe St in Chicago The purchase puts the venture in position to seize the...
While agency loans comprise an overwhelming majority of the securitized multifamily loan universe, CMBS loans carry disproportionately higher delinquency rates, shorter remaining terms, and greater refinancing sensitivity...
Atlanta Business Chronicle Banyan Street Capital is offering for sale the 11-story south tower at the Atlanta Financial Center The Miami company has tapped Newmark to market the building, with about 300,000 square feet at 3333 Peachtree Road NE in...
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.
