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 2019-GC39
DivcoWest to Buy Stake in San Francisco Office Property
The Real Deal DivcoWest has agreed to buy a stake in the 1.25 million-square-foot office building at 101 California St. in San Francisco. The San Francisco investment manager is purchasing the stake from the Hong Kong Monetary Fund, which has owned ...
San Francisco Office Property Comes to Market with $1.1Bln Asking Price
The Real Deal A venture led by GIC, the sovereign wealth fund of Singapore, is offering for sale the 1.25 million-square-foot office building at 101 California St. in San Francisco. GIC hired Eastdil Secured to market the property, which has ...
Kimco Pays $322Mln for Waterford Lakes Town Center in Orlando, Fla.
Kimco Realty Corp. has paid $322 million, or $465.80/sf, for the Waterford Lakes Town Center retail property in Orlando, Fla. The Jericho, N.Y., REIT bought the property from the former Washington Prime Group, which has rebranded itself as wpg. It ...
Manhattan Office Leased to WeWork Faces Foreclosure
Commercial Observer LNR Partners has filed to foreclose against the $55 million loan against the 61,375-square-foot office property at 57 East 11th St. in Manhattan's Union Square area. The company, special servicer for a $20 million piece of the loan ...
Loss of WeWork Results in Slashing of Appraised Value of Manhattan Office
Commercial Real Estate Direct Staff Report Having lost its sole tenant, the 61,375-square-foot office building at 57 East 11th St. in Manhattan's Greenwich Village area has had its appraised value slashed by nearly 77 percent to $17.8 million. The property ...
Loan on WeWork-Leased Office in Manhattan Goes Delinquent
The $55 million CMBS loan against the 64,460-square-foot office property at 57 East 11th St. in Manhattan hasn't had a payment made against it since last November, when its sole tenant, WeWork Inc., rejected its lease through bankruptcy. The loan ...
Large CMBS Loan Against Orlando, Fla., Retail Center Goes to Special Servicer
Commercial Real Estate Direct Staff Report The $175 million CMBS loan against the Waterford Lakes Town Center retail property in Orlando, Fla., has transferred to special servicer KeyBank because of an expected non-monetary default. The loan, originated less than two ...
INITIAL PRICING: GS Mortgage Securities Corp. II, 2019-GC39
Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating Fitch RatingKroll Pricing % Yield% Final Pricing (bp) Bnch mark A-1 13.48 30.00 2.53 Aaa AAA AAA 99.998 2.655 +33 swaps A-2 122.53 30.00 4.78 Aaa AAA AAA 102.998 ...
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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.
