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
Deal Name: BSST Mortgage Trust
Shorenstein Tries Renegotiating Terms of $222.9Mln Loan on Philadelphia’s 1818 Market St.
Philadelphia Business Journal Shorenstein Realty Investors Eleven LP is trying to renegotiate the terms of the $222.9 million loan against the 1 million-square-foot office building at 1818 Market St. in downtown, or Center City, Philadelphia. The loan, securitized through BSST ...
Another Large Philadelphia Office Loan Transfers to Special Servicing
Commercial Real Estate Direct Staff Report The $222.9 million loan against 1818 Market St., a 1 million-square-foot office building in Philadelphia, has been sent to special servicing as the property's growing cash flow faces challenges meeting its increased debt-service obligation. ...
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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.
