The reported dissolution of law firm Weil, Gotshal & Manges will result in a nearly 25% vacancy at the iconic General Motors Building, opposite the Plaza Hotel and Grand Army Plaza in Midtown...
Commercial Real Estate Direct Staff Report Grove City Premium Outlets in the western Pennsylvania borough of Grove City has been reappraised at a value of $1193 million, down from $1498 million a year ago and $255 million in 2015, when a $140...
The median loan-to-value ratio of mortgages against manufactured-housing properties that were securitized so far this year decreased to 582% from 596% for all of last year...
Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has further lowered its rating on the most senior bond class of Morgan Stanley Capital I Inc, 2019-NUGS The $2771 million transaction is backed by part of a $3277 million financing...
Commercial Real Estate Direct Staff Report Despite two years of elevated rates, most lender types posted modest growth in outstanding balances during the second quarter Banks expanded at a steady pace, but the government-sponsored enterprises (GSEs)...
Commercial Real Estate Direct Staff Report A total of $224 billion in securitized seniors-housing debt is scheduled to reach hard maturity between next month and December 2027 A hard maturity represents a loan with no remaining contractual extension...
CMBS lenders appear to have remained relatively conservative in their lending practices so far this year One large multifamily loan skewed the data in a positive way...
CMBS special servicers worked out, or otherwise resolved, 47 loans with a balance of $199 billion in September That, however, wasn't enough to offset the volume of loans that transferred to special servicing during the month...
Commercial Real Estate Direct Staff Report The $7399 million CMBS loan against the Fashion Outlets of Niagara Falls has once again transferred to special servicer Midland Loan Services as it has matured and remains outstanding The loan, the last...
KPMG is in talks to lease about 250,000 square feet at the 13 million-sf office building at 300 North LaSalle St in Chicago The accounting firm would relocate from Aon Center, where it occupies about 236,000 sf under a lease that expires in 2029 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.
