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...
Bisnow Stream Realty Partner’s investment management arm has paid $1633 million, or $57298/sf, for the 285,000-square-foot office property at 2001 M St NW in Washington, DC The Dallas investor acquired the property from a venture of Brookfield...
Commercial Observer Buccini Pollin Group has lined up $505 million of financing against the 203-unit Crosby Hills Apartments at 517 North Shipley St in Wilmington, Del MF1 Capital provided a $45 million senior loan, while Pearlmark provided $55...
Commercial Observer Morgan Stanley has provided a $99 million loan against the 278-room InterContinental Hotel at 801 Wharf St SW in Washington, DC Newmark arranged the financing The property, developed in 2017, is owned by CarrAmerica Realty Corp...
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.
