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: Citigroup Commercial Morgage Trust
INITIAL PRICING: Citigroup Commercial Mortgage Trust, 2016-P6
Class Amt $mln Sub Level% Avg Life (yrs) RatingMoody's RatingFitch RatingKroll Pricing % Yield% Final Pricing (bp) Bnch mark A-1 29.66 30.00 2.57 Aaa AAA AAA 99.999 1.873 +42 swaps A-2 126.45 30.00 4.83 Aaa AAA AAA 102.999 2.375 +56 ...
INITIAL PRICING: Citigroup Commercial Mortgage Trust, 2016-C3
Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating Fitch Rating DBRS Pricing % Yield% Final Pricing (bp) Bnch mark A-1 31.20 30.00 2.65 Aaa AAA AAA 99.998 1.439 +34 swaps A-2 75.37 30.00 4.90 Aaa AAA AAA ...
Hersha Pays $75Mln for Sunnyvale, Calif., Hotel
Hersha Hospitality Trust has paid $75 million, or $517,241/room, for the 145-room Courtyard by Marriott hotel in Sunnyvale, Calif., a two-year-old property that was developed by T2 Development. As part of its purchase, Hersha, a Philadelphia REIT, has assumed a ...
Rialto Sees Fat 5.54 Percent Margin from CMBS Loan Originations
Commercial Real Estate Direct Staff Report Rialto Mortgage Finance generated a hefty 5.54 percent profit margin from the $491 million of commercial mortgages it sold through the CMBS market during the three months through the end of August. That compares ...
INITIAL PRICING Citigroup Commercial Mortgage Trust, 2016-P5
Class Amt $mln Sub Level% Avg Life (yrs) RatingMoody's RatingFitch RatingKroll Pricing % Yield% Final Pricing (bp) Bnch mark A-1 35.20 30.00 2.58 Aaa AAA AAA 99.999 1.400 +36 swaps A-2 96.09 30.00 4.89 Aaa AAA AAA 102.997 1.753 +58 ...
INITIAL PRICING: Citigroup Commercial Mortgage Trust, 2016-C2
Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating Fitch Rating DBRS Pricing % Yield% Final Pricing (bp) Bnch mark A-1 20.23 30.00 2.86 Aaa AAA AAA 99.998 1.491 +45 swaps A-2 15.10 30.00 4.94 Aaa AAA AAA ...
INITIAL PRICING: Citigroup Commercial Mortgage Trust, 2016-GC37
Class Amt $mln Sub Level% Avg Life (yrs) RatingMoody's RatingFitch RatingKroll Pricing % Yield% Final Pricing (bp) Bnch mark A-1 21.99 30.00 2.73 Aaa AAA AAA 99.998 1.626 +67 swaps A-2 19.47 30.00 4.76 Aaa AAA AAA 99.997 2.020 +85 ...
INITIAL PRICING: Citigroup Commercial Mortgage Trust, 2016-GC36
Class Amt $mln Sub Level% Avg Life (yrs) RatingMoody's RatingFitch RatingKroll Pricing % Yield% Final Pricing (bp) Bnch mark A-1 42.97 30.00 2.92 Aaa AAA AAA 99.999 1.604 +70 swaps A-2 22.08 30.00 4.90 Aaa AAA AAA 100.997 2.074 +89 ...
INITIAL PRICING: Citigroup Commercial Mortgage Trust, 2015-GC35
Class Amt $mln Sub Level% Avg Life (yrs) RatingMoody's RatingFitch RatingKroll Pricing % Yield% Final Pricing (bp) Bnch mark A-1 30.79 30.00 2.59 Aaa AAA AAA 100.000 1.836 +70 swaps A-2 111.64 30.00 4.90 Aaa AAA AAA 102.999 2.409 +83 ...
C-III Buys CMBS B-Piece; First in More Than Seven Years
C-III Capital Partners, which earlier this year launched an opportunistic investment fund, has circled its first CMBS B-piece in more than seven years. The fund that's buying the junior bonds of the transaction is designed to pursue high yields by ...
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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.
