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: GMAC Commercial Mortgage Securities Inc.
Chicago Office Loan in Default
Crain's Chicago OfficeA $34.3 million loan on the 303,000-square-foot International Tower near Chicago's O'Hare International Airport is in default. A venture led by GlenStar Properties owns the building at 8550 W. Bryn Mawr Ave., whose vacancy issues have resulted in ...
Fitch: 3 Classes of GMAC 2003-C2 on Rating Watch Negative
The recent transfer of a $44.7 million loan to special servicing has prompted Fitch Ratings to place three classes of GMAC Commercial Mortgage Securities Inc., 2003-C2, on rating watch negative.The loan is backed by the River Oaks West Apartments, with ...
S&P Places 11 Classes of GMAC 2005-C1 on CreditWatch Negative
The recent transfer to special servicing of a $57.7 million loan has prompted Standard & Poor's to place 11 classes of GMAC Commercial Mortgage Securities Inc., 2005-C1, on creditwatch negative.The loan, which is secured by a 321,041-square-foot office property in ...
Fitch Places 8 Classes of GMAC 2004-C3 on Rating Watch Negative
The recent transfer to special servicing of a $34.3 million loan has prompted Fitch Ratings to place eight classes of GMAC Commercial Mortgage Securities Inc., 2004-C3, on rating watch negative.The loan, which was transferred last week to CWCapital Asset Management ...
Fitch Puts 11 Classes of GMAC 2005-C1 on Rating Watch Negative
Fitch Ratings has placed 11 classes of GMAC Commercial Mortgage Securities Inc., 2005-C1, on rating watch negative due to the recent transfer of a $57.2 million loan to special servicing. The loan, which is backed by a 321,041-square-foot class-A office ...
S&P Downgrades Bonds from 2 CMBS Deals
HTML clipboardFollowing is a list of recent downgrades by Standard &Poor's: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln S&P New Rating S&P Old Rating Reason for Rating Action ...
Fitch Downgrades 3 Classes of GMAC 2002-C3
Fitch Ratings has downgraded three classes of GMAC Commercial Mortgage Securities, 2002-C3, due to expected losses from a $15.6 million loan in special servicing.The loan is backed by a 10-building student-housing property in Tallahassee, Fla., that is real estate owned. ...
Mervyn’s BK Filing Impacts CMBS, DDR Venture
Commercial Real Estate Direct Staff ReportThe Chapter 7 Bankruptcy filing by the Mervyn's department store could have an impact on two CMBS transactions as well as a venture between Developers Diversified Realty Corp. and Macquarie DDR Trust. Mervyn's occupies space ...
Behringer Harvard Buying D.C. Office Building for $108Mln
By John Covaleski, Commercial Real Estate Direct Staff WriterBehringer Harvard is buying a 245,000-square-foot office building in downtown Washington, D.C., for $108 million.The Dallas investment manager is acquiring the property, at 840 First St. NE, from Stephen A. Goldberg Corp. ...
S&P Downgrades 9 Classes of GMAC 2005-C1
Standard & Poor's has downgraded nine classes of GMAC Commercial Mortgage Corp., 2005-C1, because of concerns it has with three loans totaling $34.3 million that are in special servicing.The largest of those has a balance of $26.8 million and is ...
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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.
