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...
The Denver metropolitan statistical area is the 14th largest apartment market in the country by number of units But it's among the most distressed, at least when measured by the percentage of securitized loans that are on servicer watchlists...
A total of $116 billion of the $63582 billion universe of securitized multifamily loans is delinquent That amounts to a delinquency rate of only 182% But the delinquencies aren't evenly distributed among securitization...
Brookfield Corp's GGP Services operation has refinanced the Natick Mall, but at a cost It had to pony up fresh equity and is facing a substantially higher coupon than the modified loan that has been...
Commercial Real Estate Direct Staff Report A Wisconsin court judge has approved the sale of the Southridge Mall in Greendale, Wis As previously reported, the property, owned by Simon Property Group, would be sold by its receiver, Spinoso Real Estate...
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...
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.
