Four CMBS trusts that hold $13198 million of loans against six Houston-area apartment properties are on the cusp of taking, or already have taken, title to the properties Two loans were originated less than two years...
The Parkhill City apartment complex, with 538 units in the Jamaica section of Queens, NY, has been reappraised at a value of only $1786 million, or nearly half the $325 million value pegged to it in...
The direct office vacancy rate in the Chicago central business district declined in the second quarter for the first time in 26 quarter, according to Transwestern...
Commercial Real Estate Direct Staff Report The 561-room Hilton Cincinnati Netherland Plaza hotel has been reappraised at a value of $383 million, nearly three times less than the $1055 million value pegged to the 95-year-old property just six years...
Varia US Properties AG, a Swiss company that owns US apartment properties, has agreed to sell a stake in 13 of its apartment properties with 4,112 units to Brookfield Asset Management It’s selling a 90% stake in four properties with 1,060...
The volume of CMBS loans in special servicing last month was just about unchanged from June at $668 billion But as the universe of CMBS grew by more than 1%, the special servicing rate actually declined, to 1109% in July from 112% the preceding...
Philadelphia Business Journal Zamir Equities is offering for sale a three-building office portfolio in Philadelphia’s Southern New Jersey suburbs totaling more than 315,000 square feet The New York investor has hired Marcus & Millichap to...
Triad Business Journal The former BB&T Financial Center, a 272,820-square-foot office building in Winston-Salem, NC, is headed to the auction block RealInsight Marketplace has tapped CBRE to market the empty 20-story building at 200 West 2nd St...
CMBS lenders appear to be easing their underwriting standards when it comes to leverage levels for office loans that have been securitized through conduit deals...
The percentage of CMBS conduit loans that paid off at their maturities last month increased to 7205% from 637% in June, according to Trepp Inc, marking the highest on-time payoff rate in four...
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