Commercial Real Estate Direct Staff Report The CMBS loan against the Computer Associates office property in Islandia, N.Y., has transferred to special servicer Orix Capital Markets because it could default at its August 6th maturity. The transfer was highlighted this ...
The Orlando, Fla., REIT is planning to pay off $162.5 million of CMBS debt, including the $114.2 million mortgage against two buildings within Houston's CityWest office complex. The buildings' value will soon be impacted by the pending departure of their ...
Commercial Real Estate Direct Staff Report Two buildings in the CityWest office complex in Houston could be worth only $100.5 million because occupancy has fallen sharply, to 44 percent from 99 percent nine years earlier, according to analysis by Morningstar ...
Commercial Real Estate Direct Staff Report Tier REIT Inc., which has sold the 1.2 million-square-foot Fifth Third Center in Chicago to Rreef Funds, has defeased the $193.7 million CMBS loan against the property. In exchange for the property, at 222 ...
A venture of DivcoWest and Synergy Investments has paid $48 million, or roughly $382/sf, for 55 Summer St., a 125,719-square-foot office building in downtown Boston. The Divco/Synergy team acquired the 10-story building from Brickman Associates, which paid $37.2 million for ...
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.
