Domestic, private-label CMBS issuance increased by nearly 21% last year to $1256 billion, marking the sector's most active year since the Global Financial Crisis...
The $5323 billion universe of CMBS loans against regional and superregional malls tracked by Trepp Inc has an 112% delinquency rate It might be an optimistic...
The CMBS trusts placed a winning credit bid of $1302 million at the property's foreclosure action just more than a month ago That was more than two years after the previous owner, Unibail-Rodamco-Westfield, announced that it would turn the property...
New York City Mayor Zohran Mamdani’s administration wants to ensure that whoever buys the 93 apartment properties with about 5,100 units that Pinnacle Group threw into bankruptcy repairs and maintains them and continues to abide by the...
The volume of CMBS loans that are more than 30 days late with their payments declined by $264 million in December to $4358 billion, marking the fifth time that delinquency volumes declined last...
Commercial Real Estate Direct Staff Report Clipper Realty Inc has provided a $10 million letter of credit to fund a reserve account tied to the $100 million CMBS loan against its 141 Livingston St office building in Brooklyn, NY, resolving a dispute...
Commercial Real Estate Direct Staff Report Dominium has bought a pair of affordable-housing properties with 578 units in Durham, NC, for $835 million The Dallas developer paid $465 million, or $149,038/unit, for the 312-unit Falls Pointe at the...
Commercial Real Estate Direct Staff Report The $835 million CMBS loan against the 27 million-square-foot One New York Plaza office property in lower Manhattan is facing its final maturity next month, prompting a move to transfer the debt to special...
The 487,022-square-foot office property at 401 South State St in Chicago has been sold for $42 million, or less than $9/sf, resulting in more than a complete loss to the $424 million CMBS loan against it...
Commercial Real Estate Direct Staff Report Office Properties Income Trust, which last year expressed doubt about its ability to continue as a going concern, has filed for bankruptcy The filing was made in October in the US Bankruptcy Court for the...
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.
