Commercial Real Estate Direct Staff Report The CMBS loan against the 174 million-square-foot office building at 1515 Broadway in Midtown Manhattan has been further extended through next March, after the building’s owner, a venture led by SL...
Tenants' preference for space in the newest buildings, a phenomenon that's become notable in the office sector, is now taking place in the industrial property...
Commercial Real Estate Direct Staff Report The $160 million mortgage against the 234 million-square-foot US Steel Tower in Pittsburgh matures in less than two months and is evidently facing challenges getting refinanced The loan is scattered among...
Charlotte Business Journal The buzz is Sumitomo Mitsui Banking Corp is nearing a deal for 200,000 square feet of office space at 301 South College, a 994,000-sf property in downtown Charlotte, NC The Tokyo-based financial services company would be...
Commercial Real Estate Direct Staff Report The $335 million CMBS loan against the 407-room Norfolk Waterside Marriott is headed to foreclosure The loan, originated just three years ago and securitized through BANK5, 2023-5YR2, transferred to special...
While the overwhelming majority of CMBS shopping mall loans are performing, 59 loans with a balance of $427 billion, or just more than 8% of the total mall balance, are delinquent, according to the TreppCRE...
Commercial Real Estate Direct Staff Report Moody’s Ratings estimates the value of the Hilton Minneapolis hotel at only $8911 million, contributing to its decision to downgrade three classes of a CMBS deal it rates that holds a $180 million...
Commercial Real Estate Direct Staff Report The CMBS trust that held the $105 million loan against the 80,032-square-foot Scribner Building and its neighboring Redfern Building in Midtown Manhattan suffered a $7666 million loss as a result of the...
Commercial Real Estate Direct Staff Report The 382,256-square-foot 750 Lexington Ave office building in Midtown Manhattan has been reappraised at a value of $39 million—an eighth of the value pegged to it 11 years ago The building has 335,576 sf...
Spending for the construction of data centers totaled $411 billion last year, up 317% from 2024 and 344% from 2020, according to the US Census Bureau However, that number understates the true scope of spending on such properties by a large...
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