David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
Bloomberg Name: COMM 2013-CCRE12
Sale of Chicago’s 175 West Jackson Office Spells Total Loss for $250.47Mln CMBS Loan
Commercial Real Estate Direct Staff Report The recent sale of 175 West Jackson Blvd. in Chicago has resulted in a complete wipe out of the $250.47 million CMBS loan that encumbered the 1.45 million-square-foot office building. As reported, the 114-year-old ...
KBRA Expects Huge Loss to CMBS Loan from Sale of Troubled Chicago Office
Commercial Real Estate Direct Staff Report The 1.45 million-square-foot office property at 175 West Jackson Blvd. in Chicago, which backs $250.47 million of mortgage debt, might be worth only $37.8 million, according to analysis by Kroll Bond Rating Agency. As ...
Ga. Mall Sees 45 Percent Drop in Appraised Value
Commercial Real Estate Direct Staff Report The Oglethorpe Mall in Savannah, Ga., has been re-appraised at a value of $129.7 million, just less than the $133.28 million that is owed against it. Its indebtedness is split into two pieces, with ...
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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.
