Bloomberg Name: CGCMT 2015-GC35

Commercial Real Estate Direct Staff Report The 382,256-square-foot 750 Lexington Ave. office building in Midtown Manhattan has been reappraised at a value of $39 million—an eighth of the value pegged to it 11 years ago. The building has 335,576 sf ...

Commercial Real Estate Direct Staff Report South Plains Mall in Lubbock, Texas, whose $200 million CMBS loan was extended recently by four years through November 2029, has been reappraised at a value of $114 million. The 1.31 million-square-foot shopping mall ...

Commercial Real Estate Direct Staff Report Macerich Co. has negotiated a four-term term extension of the $200 million mortgage against its South Plains Mall in Lubbock, Texas, taking its maturity to November 2029. The Santa Monica, Calif., REIT previously planned ...

The Paramus Park shopping mall in the northern New Jersey borough of Paramus has been reappraised at a value of only $61.4 million. The latest appraisal is bad news for the CMBS deal that holds a $120 million mortgage against ...

The Real Deal The CMBS trusts that held the $122.93 million loan against the 750 Lexington Ave. office property in Midtown Manhattan have taken title to the property through a foreclosure held last week. The two trusts are GS Mortgage ...

The $1.39 billion CMBS loan against the massive Mall of America in suburban Minneapolis appears close to being granted a three-year term extension, pushing its maturity to September 2028.

Commercial Real Estate Direct Staff Report Athene Annuity and Life Co. has provided $785 million of mortgage financing to help fund the purchase of the 1.1 million-square-foot office building at 590 Madison Ave. in midtown Manhattan. As reported, a venture of ...

Commercial Real Estate Direct Macerich Co., which previously had planned to offer its South Plains Mall in Lubbock, Texas, for sale, has changed its mind and is now aiming to get the maturity date of the property's $200 million mortgage ...

DiamondRock Hospitality Co. has extended the maturity dates of a $1.2 billion credit facility it has and negotiated an increase in its size, to $1.5 billion. It will use the $300 million of extra credit to pay off three mortgages ...

The Real Deal LNR Partners, special servicer for the $122.93 million CMBS loan against 750 Lexington Ave. in Midtown Manhattan, has had its path cleared to initiate foreclosure against the loan. The company was granted a summary judgment against the ...