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: Greenwich Capital Commercial Funding Corp.
Boulevard Mall Near Buffalo, N.Y., Given to CMBS Lender in Deed-in-Lieu of Foreclosure
Commercial Real Estate Direct Staff Report The Boulevard Mall near Buffalo, N.Y., is now classified as real estate-owned, or REO. The 1.1 million-square-foot retail property had served as collateral for a $90.4 million loan that was securitized through Greenwich Capital ...
Corporate Center in Fort Lauderdale, Fla., Sold at Auction
South Florida Business Journal Corporate Center, a 342,465-square-foot office property in Fort Lauderdale, Fla., has been sold to an undisclosed buyer for $39.1 million, or about $114.17/sf. The sale was conducted through the Ten-X online auction platform. The two-building property, ...
JPMorgan’s Departure Prompts Special Servicing Transfer for CMBS Loan on Dallas Office
Commercial Real Estate Direct Staff Report The $157.5 million loan against JPMorgan International Plaza I and II in suburban Dallas once again has transferred to special servicing because it's expected to default as its sole tenant is vacating in three ...
Offices in Fort Lauderdale, Fla., Slated for Online Auction
Commercial Real Estate Direct Staff Report The 342,465-square-foot Corporate Center in Fort Lauderdale, Fla., is being offered for sale through CBRE, which will take bids through an online auction. The two-building property, at 110 East Broward Blvd., backs a $36.4 ...
Moody’s Downgrades GCCFC 2006-GG7, GCCFC 2004-GG1 and SCSC 2007-8
Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes Greenwich Capital Commercial ...
Forest City to Give Up Boulevard Mall in Deed-In-Lieu of Foreclosure
Commercial Real Estate Direct Staff Report Forest City Realty Trust is giving up on its Boulevard Mall, a 1.1 million-square-foot shopping center near Buffalo, N.Y., and expects to transfer it to the CMBS trust that holds a $90.4 million loan ...
Morgan Stanley Lends $784Mln Against Manhattan Office Building
The Real Deal Morgan Stanley has provided a $784 million loan against One Liberty Plaza, a 2.2-million-square-foot office tower at 165 Broadway in lower Manhattan. The 54-story building's owner, Brookfield Property Partners, is using the loan to retire what's left ...
Fresh Financing Lined up for Richmond, Va., Office Property
Richmond Times-Dispatch Reynolds Development has obtained $36.5 million loan against a 222,057-square-foot office building in the Reynolds Crossing development in Richmond, Va. Phillips Realty Capital arranged the seven-year loan, which was provided by Coastal Federal Credit Union. The new loan ...
RXR Realty Recaps Long Island Properties, Pays Off $344Mln of Matured CMBS Debt
Commercial Real Estate Direct Staff Report RXR Realty Corp. has recapitalized five office buildings it owns on Long Island, N.Y., refinancing nearly $344 million of CMBS debt that had matured and buying out its venture partner, TIAA-CREF. The Uniondale, N.Y., ...
Column Lends $272Mln Against Ground Beneath Manhattan’s Lipstick Building
Column Financial Inc. has provided $272 million of mortgage financing against the land beneath the Lipstick Building in midtown Manhattan. HFF arranged the four-year loan, which allowed the land's owner, a venture of Ceruzzi Properties and Shanghai Municipal Investment USA, ...
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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.
