Commercial Real Estate Direct Staff Report Tanger Inc, which last year purchased the former Legends Outlets in Kansas City, Kan, expects to pay off the retail property’s $115 million CMBS loan next month, when it becomes open to prepayment The...
Commercial Real Estate Direct Staff Report The venture that owns the Prince Building in Manhattan’s SoHo area has lined up $216 million of financing, allowing it to retire a $200 million CMBS loan that became delinquent earlier this year The...
Just more than $3 billion of CMBS loans transferred to special servicers last month That's 14% more than the average that has transferred monthly over the previous 12 months But special servicers worked out, or otherwise resolved, $135 billion of...
Commercial Real Estate Direct Staff Report The $325 million mortgage against the Fresno Fashion Fair shopping mall in the California Central Valley city of Fresno is now in default The loan, scattered among six CMBS conduit transactions, matured...
A venture led by FitzWalter Capital Partners has paid $795 million for the distressed $1458 million mortgage against the 304,947-square-foot 700 Sixth St NW office building in Washington,...
Commercial Real Estate Direct Staff Report Simon Property Group has lined up a $93 million mortgage from Goldman Sachs and Deutsche Bank against its Colorado Mills shopping center in the Denver suburb of Lakewood, Colo The 10-year loan, which...
Commercial Real Estate Direct Staff Report A venture of Lincoln Property Co and Cross Ocean Partners has acquired the 11 million-square-foot Colonnade office complex in the Dallas suburb of Addison, Texas Lincoln, of Dallas, and Cross Ocean, of...
Simon Property Group has struck a deal to buy the 597,635-square-foot University Village open-air retail center in Seattle The Indianapolis REIT, which hasn’t yet disclosed the price it’s paying, is buying the 19-building property from...
The volume of CMBS loans that are more than 30 days delinquent declined in October by $905 million to $4775 billion The drop was driven by the modification, or reversion back to performing, of a number of very large loans, including a $11 billion...
Commercial Real Estate Direct Staff Report The $5409 million CMBS loan against the 671,416-square-foot Executive Towers West office property in the Chicago suburb of Downers Grove, Ill, has transferred to special servicing as it’s expected to...
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.
