Commercial Real Estate Direct Staff Report The vacancy rate for Phoenix’s largest warehouses, those so-called “bulk warehouses” that measure more than 300,000 square feet each, has declined to 58%, a dramatic turnaround from the...
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...
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...
The amount of office space available for sublease in Chicago continues to decline But it's not necessarily because availabilities are being filled Instead, many are becoming direct...
Commercial Real Estate Direct Staff Report Chicago’s retail vacancy rate was at 54% halfway through this year, up from 51% a year earlier, according to Marcus & Millichap The city’s vacancy rate has been rising since hitting its low...
Commercial Real Estate Direct Staff Report The 441,523-square-foot office building at 3000 Post Oak Boulevard in Houston’s Galleria area has been sold in a deal that resulted in $648 million of losses to the three CMBS trusts that held an $80...
Commercial Real Estate Direct Staff Report The three CMBS trusts that hold an $8326 million mortgage against three Simon Property Group retail outlet centers have taken title to the properties The three are the 359,877-square-foot Gaffney Outlet...
Commercial Real Estate Direct Staff Report The 585,448-square-foot 225 Bush St office building in San Francisco was reappraised in March at a value of $228 million That’s a nearly 50% increase from the $153 million appraised value placed on...
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.
