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: MRCD 2019-Park
San Francisco’s Parkmerced Apartment Complex Placed in Receivership
Commercial Real Estate Direct Staff Report Douglas Wilson Cos. has been appointed by a San Francisco court as receiver of the massive Parkmerced apartment complex in that city. The appointment coincides with a move by Green Loan Services, special servicer ...
San Francisco’s Parkmerced Sees Sharp Drop in Appraised Value
The Parkmerced apartment complex in San Francisco has been re-appraised at a value of $1.39 billion, roughly 20 percent less than is owed against it and 34 percent less than the value pegged to it in 2019, when a $1.78 ...
Big CMBS Loan on San Francisco’s Parkmerced Apartments Gets into Hot Water
The $1.5 billion of CMBS financing against 3,165 units at the Parkmerced apartment complex in San Francisco has transferred to special servicing as a non-monetary default is expected to be triggered. Cash flow at the property has remained stubbornly below ...
CMBS Delinquency Data Improves Again in July; Big San Francisco Apartment Loan Flagged
Commercial Real Estate Direct Staff Report The volume of CMBS loans declined in July for the 13th straight month, to $33.03 billion, from $33.2 billion in June, according to Trepp LLC. The improvement would have been greater if not for the ...
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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.
