The CBL & Associates Properties Inc venture that owns the Coastal Grand Mall in Myrtle Beach, SC, has negotiated a four-year term extension, through August 2028, of the property's CMBS loan It has paid down principal and is now paying a higher...
Commercial Real Estate Direct Staff Report The owner of the 278 million-square-foot Aon Center office property in downtown Chicago has indicated it won’t be able to retire the property’s $536 million loan at its maturity this summer As a...
CMBS special servicers received 50 loans with a balance of $266 billion last month, marking the most active month since last June, when $291 billion of loans transferred However, they resolved, or otherwise worked out, $325 billion of other loans,...
Commercial Real Estate Direct Staff Report An increase in the expected losses from the resolution of the $368 million loan against the 176 million-square-foot Centre Square office property in Philadelphia has prompted Moody’s Ratings to...
Commercial Real Estate Direct Staff Report Pacific Retail Capital Partners, which nearly three years ago bought the Bridgewater Commons shopping center and its adjoining Village at Bridgewater Commons open-air retail center in northern New Jersey,...
Accesso Partners, which owns the 911,579-square-foot 7700 Parmer office complex in Austin, Texas, has negotiated a term extension for the property's $177 million loan, which has been paid down by $5 million to $172 million The loan matured in...
Commercial Real Estate Direct Staff Report The bankruptcy filing by Saks Global Enterprises in January prompted last month’s transfer to special servicing of a $125 billion CMBS loan against the ground beneath the Saks Fifth Ave flagship store...
The volume of CMBS loans that are more than 30 days late with their payments declined in February by 518% from January, to $4276 billion, marking the largest percentage drop in CMBS delinquency since 2022 The driver: office and retail loan...
Commercial Real Estate Direct Staff Report The venture that owns One New York Plaza in Lower Manhattan paid down the 27 million-square-foot office property’s CMBS loan by $25 million, to $810 million, in order to win a two-year term extension...
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