The CMBS trust that holds what is now a $7369 million mortgage against the Oaks Mall in Gainesville, Fla, has taken title to the property, which has been reappraised at a value of $76...
Commercial Real Estate Direct Staff Report The venture that owns the 11 million-square-foot Factory office property Queens, NY, injected $187 million of fresh equity in order to win a two-year term extension of the property’s $300 million...
Commercial Real Estate Direct Staff Report Target Corp, which five years ago vacated the 22 million-square-foot City Center mixed-use complex in Minneapolis, has made a $1097 million payment to terminate its lease for 824,840 square feet at the...
Simon Property Group, which owns the Williamsburg Premium Outlets retail center in historic Williamsburg, Va, has negotiated a three-year term extension of the property's $185 million mortgage...
The risk that one of the highest-rated bond classes of a 2015 CMBS conduit deal would suffer losses recently increased as the combined allocated appraised value of the collateral behind its five remaining assets has declined to well less than the...
Commercial Real Estate Direct Staff Report Pyramid Management Group has lined up $2045 million of financing against its Walden Galleria shopping mall in the Buffalo, NY, area, allowing it retire a $19643 million CMBS loan that was set to mature in...
Orion Properties Inc, which late last year expressed "substantial doubt" about its ability to continue as a going concern because of a pair of looming debt maturities, has addressed those issues, including extending the maturity of a $355 million...
The Paramus Park shopping mall in the northern New Jersey borough of Paramus has been reappraised at a value of only $614 million The latest appraisal is bad news for the CMBS deal that holds a $120 million mortgage against the...
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...
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...
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