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: CSMC 2020-FACT
Owner of The Factory in Queens, N.Y., Ponied Up $18.7Mln to Win Loan Modification
Commercial Real Estate Direct Staff Report The venture that owns the 1.1 million-square-foot Factory office property in Queens, N.Y., injected $18.7 million of fresh equity in order to win a two-year term extension of the property's $300 million CMBS loan ...
$300Mln CMBS Loan on Queens, N.Y., Office Gets 2-Year Extension
The Atlas Capital Group, Invesco, and Partners Group venture that owns the 1.1 million-square-foot Factory office property in the Long Island City section of Queens, N.Y., has negotiated an extension of its $300 million CMBS loan through October 2027. The ...
$300Mln Loan on Queens, N.Y., Creative Office Moves to Special Servicing as Maturity Nears
Commercial Real Estate Direct Staff Report The Factory, a former Macy's furniture warehouse in Queens, N.Y., that five years ago was redeveloped into creative office space, has continued to face declining occupancy and cash flow. This year through June, for ...
CMBS Loan Against the Factory Office in Queens, N.Y., Faces Big Challenge
The Factory, a 1.1 million-square-foot office property in the Long Island City section of Queens, N.Y., has suffered a substantial decline in occupancy and cash flow since 2023. As a result, Moody's Ratings has downgraded the bonds that hold a ...
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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.
