Publix Super Markets Inc, which operates 1,432 grocery stores, now owns 550 properties, most of which are shopping centers that include its stores Last year, the grocery chain generated $322 million of lease...
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...
Commercial Real Estate Direct Staff Report The percentage of the country’s apartment units receiving concessions declined in August to 154% from 158% in July, according to RealPage Market Analytics It marks the third straight month in which...
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...
The volume of CMBS loans that are more than 30 days late with their payments increased last month by $123 billion, or 26%, to $4865 billion, according to Trepp Inc That amounts to 802% of the $60658 billion universe tracked...
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...
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.
