Rialto Capital Advisors this year through September has taken down the B-pieces of five CMBS conduit deals totaling $382 billion, giving it nearly 18% share of the conduit B-piece market...
A total of $34 billion of domestic, private-label CMBS was priced during the third quarter, marking the busiest third quarter since before the Global Financial Crisis It bought issuance for the year through September to $10327...
The $515 million sale of the commercial space and parking garage at the 1,639-room Palmer House Hotel in Chicago resulted in the near wipe-out of the $5768 million CMBS loan against it The space—54,136 square feet of retail space, 14,400 sf of...
The volume of CMBS loans that are more than 30 days late with their payments increased last month by $123 billion, or 26%, to $4865 billion, according to Trepp Inc That amounts to 802% of the $60658 billion universe tracked...
Dallas Business Journal Meritex Co has bought the 371,000-square-foot 121 Tech Park industrial complex in the Dallas suburb of Allen, Texas, for an undisclosed price The Minneapolis real estate investment firm acquired the four-building property...
The modification of the $425 million mortgage against the 119 million-square-foot JACX office complex atop the Queens Plaza commuter hub in Queens, NY, has been completed, with its term extended by at least three years to September...
Park Hotels & Resorts Inc has paid off the $1275 billion CMBS loan against the 2,860-room Hilton Hawaiian Village Waikiki Beach Resort in Honolulu The Tysons, Va, REIT funded the payoff by drawing against two credit facilities It drew $600...
Underwriters led by JPMorgan Securities are preparing to launch a massive single-borrower CMBS transaction that would allow for the refinancing of a $177 billion debt package against the 178 million-square-foot office building at 245 Park Ave in...
Austin Business Journal Dalfen Industrial is offering for sale the Airport Logistics Center, an 806,229-square-foot industrial property in Austin, Texas The Dallas developer has tapped JLL to market the two-building property, which was completed two...
Commercial Real Estate Direct Staff Report The 759,608-square-foot Bank of America Plaza office property in downtown St Louis has sold for $96 million, resulting in a $391 million loss to the CMBS trust that held its $428 million mortgage 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.
