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: CSAIL 2015-C1
Westfield Wheaton Nears Sale Subject to Assumption of Modified CMBS Loan
Commercial Real Estate Direct Staff Report The Westfield Wheaton shopping mall in the Washington, D.C., suburb of Wheaton, Md., is in the process of being sold. The buyer, which couldn't be identified immediately, will be assuming what was a $234.62 ...
CMBS Loan Against Manhattan’s 500 Fifth Ave. Gets 2.5-Year Extension
Commercial Real Estate Direct Staff Report The $200 million CMBS loan against the 727,759-square-foot 500 Fifth Ave. office building in midtown Manhattan has been extended for another two and a half years, taking its maturity to April 2027. The loan, ...
Another Westfield-Owned Mall Moves to Special Servicing
Having matured last month, the $234.6 million senior mortgage against the Westfield Wheaton shopping center in the Washington, D.C., suburb of Wheaton, Md., has transferred to special servicing. Its owner, Unibail-Rodamco-Westfield, said it's working on a possible sale or refinancing. ...
Owner of Trumbull, Conn., Mall Can’t Refinance Property’s $152.3Mln Loan
Trumbull Mall, which only two years ago changed hands, recently faced the maturity of its $152.3 million mortgage, and its owner - a venture of Mason Asset Management and Namdar Realty Group - has said it won't be able to ...
Owner of Manhattan’s 500 Fifth Office Wins 6-Month Reprieve to Refinance Building
Commercial Real Estate Direct Staff Report The owner of the 727,759-square-foot 500 Fifth Ave. office building in midtown Manhattan has been given another six months to refinance the property's $200 million mortgage, which had matured last October. The loan is ...
Appraised Value of Manhattan’s 500 Fifth Ave. Slashed by 54 Percent to $273.8Mln
Commercial Real Estate Direct Staff Report The 727,759-square-foot office building at 500 Fifth Ave. in midtown Manhattan has been appraised at a value of $273.8 million, a 54 percent drop from its appraised value 10 years ago. Its value, however, ...
JPMorgan’s $230Mln Loan Against 2 Manhattan Hotels Pays 5.54 Percent Coupon
Commercial Real Estate Direct Staff Report The $230 million loan that JPMorgan Chase Bank had provided against the 353-room SoHo Grand Hotel and 201-room Roxy Hotel in lower Manhattan pays a 5.54 percent coupon. The loan requires only interest payments ...
$200Mln Loan Against Manhattan Office Seen Facing Challenges at Pending Maturity
Commercial Real Estate Direct Staff Report The $200 million loan against the 727,759-square-foot 500 Fifth Ave. office building in midtown Manhattan is expected to default at its maturity in October. As a result, the loan, split into two equal pieces ...
Loan Securitized This Year Goes 30-Days Late, Marking First 2016 Default
A $6.7 million loan against a 226-unit apartment property in the energy-reliant area near Houston has fallen delinquent, marking the first loan securitized this year to do so. It amounts to only 0.01 percent of the year's $44.8 billion of ...
Benefit Street Lends $110.4Mln Against Baltimore Office Property
Commercial Real Estate Direct Staff Report Benefit Street Partners has provided $110.4 million of mortgage financing against 100 East Pratt St., a 653,000-square-foot office property in Baltimore's Inner Harbor. The 10-year loan helped fund Vision Properties' purchase of the property ...
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