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: GSMS 2014-GC26
Los Angeles’ Bank of America Plaza to Sell for $210Mln
Commercial Real Estate Direct Staff Report Capital Group has agreed to pay $210 million, or $150/sf, for Los Angeles' Bank of America Plaza, a 1.4 million-square-foot office property in the city's downtown. The financial services company, the building's largest tenant, ...
Wilmington, Del., Office’s Appraised Value Lowered to Below Loan Balance
Commercial Real Estate Direct Staff Report The 447,439-square-foot 1201 North Market St. office property in Wilmington, Del., whose $74.43 million CMBS loan had defaulted at its maturity last November, has been appraised at a value of $44.8 million, according to ...
$74.57Mln CMBS Loan Against Wilmington, Del., Office Transfers to Special Servicing
Commercial Real Estate Direct Staff Report McConnell Johnson Real Estate, which owns the 447,439-square-foot 1201 North Market St. office property in Wilmington, Del., was unable to refinance the property's $74.57 million mortgage when it matured last month. So, it's been ...
RG Real Estate Buys Atlanta Office Building for $15.4Mln
Atlanta Business Chronicle RG Real Estate has bought the 140,000-square-foot Overlook I office building in Atlanta for $15.4 million, or $110/sf. The local real estate firm purchased the seven-story property from Atlanta Property Group, which had acquired it five years ...
Appraised Value of L.A.’s Bank of America Plaza Drops 69 Percent
Commercial Real Estate Direct Staff Report The appraised value of Bank of America Plaza, a 1.43 million-square-foot office property in downtown Los Angeles, has been slashed by 69 percent to $188.9 million. It previously was appraised at a value of ...
$400Mln Loan on L.A.’s Bank of America Plaza Seen Getting A/B Modification
The Brookfield Corp. affiliate that owns downtown Los Angeles' Bank of America Plaza office property is in talks with CWCapital Asset Management, special servicer of the property's $400 million loan, about a modification that would carve the loan into A- ...
Hawaii Shopping Center Gets Rezoning Okay, Paving Way for Possible Sale
Commercial Real Estate Direct Staff Report The 570,904-square-foot Queen Ka'ahumanu Center retail property in Maui, Hawaii, is one step closer to being offered for sale. The property is owned by GS Mortgage Securities Corp., 2014-GC26, which took it through foreclosure ...
95,170-SF Office Building in Houston Sold
Dallas CityBizList LNR Partners, on behalf of GS Mortgage Securities Trust, 2014-GC26, has sold the 95,170-square-foot office building at 10500 Richmond Ave. in Houston. Colliers International brokered the deal for the CMBS trust's special servicer. Mond Properties bought the two-story ...
Cash Sweep Issues Prompted CMBS Loan on Google Store to Default
Commercial Real Estate Direct Staff Report The $23 million CMBS loan against what was supposed to have been a Google Inc. retail store in Manhattan's SoHo neighborhood defaulted because a cash sweep could not be established. According to Fitch Ratings, ...
Google About Face on Retail Prompts 2014 CMBS Loan to Move to Special Servicing
Commercial Real Estate Direct Staff Report A $23 million CMBS loan that was securitized less than two years ago has transferred to special servicing. The loan against 129-131 Greene St., an 8,200-square-foot retail building in Manhattan's SoHo area, is securitized ...
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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.
