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The modification of the $425 million mortgage against the 1.19 million-square-foot JACX office complex atop the Queens Plaza commuter hub in Queens, N.Y., has been completed, with its term extended by at least three years to September 2029.

Underwriters led by JPMorgan Securities are preparing to launch a massive single-borrower CMBS transaction that would allow for the refinancing of a $1.77 billion debt package against the 1.78 million-square-foot office building at 245 Park Ave. in Midtown Manhattan.

Jones Lang LaSalle Inc. has launched a non-traded mortgage REIT that would originate and acquire a variety of commercial real estate debt instruments.

The amount of office space available for sublease in Chicago continues to decline. But it's not necessarily because availabilities are being filled. Instead, many are becoming direct availabilities.

Commercial Real Estate Direct Staff Report Chicago's retail vacancy rate was at 5.4% halfway through this year, up from 5.1% a year earlier, according to Marcus & Millichap. The city's vacancy rate has been rising since hitting its low of...

Commercial Real Estate Direct Staff Report The three CMBS trusts that hold an $83.26 million mortgage against three Simon Property Group retail outlet centers have taken title to the properties. The three are the 359,877-square-foot Gaffney Outlet Marketplace at 1...

Commercial Real Estate Direct Staff Report The rapid expansion of the data-center sector is increasingly reshaping all aspects of the industrial real estate market, including leasing and competition for development sites. Last year, data-center-related tenants accounted for a record 14.4%...

The 1.31 million-square-foot office building at 135 South LaSalle St. in Chicago has been reappraised at a value of only $34 million. Its $100 million loan is one of three left in a 2015 CMBS conduit deal whose A-S class...

The Rochester, N.Y., suburb of Victor, N.Y., has proposed taking over the Eastview Mall and Commons retail property through eminent domain as a way of resetting the shopping mall's capital structure.

The life-sciences sector's construction pipeline totaled 5.6 million square feet in the second quarter, down sharply from more than 25 million sf at its peak in the second quarter of 2023, according to Cushman & Wakefield. About 4.5 million sf...