The major apartment-owning REITs pulled back on acquisitions in the first quarter, reducing their purchases by nearly three-quarters when compared with last...
Commercial Real Estate Direct Staff Report The Hagerstown Premium Outlets retail property in the Maryland panhandle has had its appraised value reduced for the fourth time since its CMBS loan got into hot water in 2020 The 484,994-square-foot retail...
Commercial Real Estate Direct Staff Report The Heinz 57 Center office and retail building in downtown Pittsburgh has been reappraised at a value of only $198 million The 14-story building was constructed in 1913 at 339-357 6th Ave as a Kaufmann...
The Santa Monica, Calif, mall owner still has $300 million to $400 million of properties to get rid of before completing its Path Forward plan, an effort designed to reduce its overall leverage level and leave it with a portfolio of 31...
Commercial Real Estate Direct Staff Report The data-center sector’s rapid growth is colliding with mounting challenges around power, community opposition, concentration, and underwriting risk That appeared to be the consensus among panelists...
The US Department of Housing and Urban Development's multifamily and healthcare lending programs were on fire during the first half of the agency's fiscal year, with a total of $1095 billion of loans being originated That puts the year on track to...
Institutional real estate funds that were raised between 2019 and 2021 so far have returned 1519% of the cash their investors plowed into them, according to Preqin Distributions to paid-in capital, or DPI, varies across strategies and fund...
Commercial Real Estate Direct Staff Report An estimated $7971 billion of loans against commercial properties come due this year, according to Trepp Inc That’s roughly 16% of the $503 trillion universe of loans against income-producing...
Commercial Real Estate Direct Staff Report The owner of Chicago’s 278 million-square-foot Aon Center office property is looking to negotiate a term extension of the property’s $536 million senior mortgage The loan, which is senior to...
Last month, $183 billion of CMBS loans transferred to special servicing, according to Trepp Inc That was the smallest volume of transfers since the end of last year But special servicers didn't keep pace in their workouts, as $12 billion of loans...
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.
