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: GS Mortgage Securities Corp. II
Modified CMBS Loan on CA’s Long Island, N.Y., HQ Moves to Special Servicer Again
Commercial Real Estate Direct Staff Report The modified $165.6 million CMBS loan against the 778,370-square-foot office building in Islandia, N.Y., that once had served as the headquarters of Computer Associates again has transferred to special servicer C-III Asset Management. The ...
Owner of Queens, N.Y., Mixed-Use Complex Strikes Deal to Resolve Troubled CMBS Loan
Commercial Real Estate Direct Staff Report The owner of 179,186 square feet at the Queens Crossing mixed-use complex in Flushing, N.Y., has agreed to put up a $2 million letter of credit and allowed for a cash sweep of up ...
Barneys Considers Bankruptcy After Rent at Flagship Manhattan Store Nearly Doubles
The Real Deal Barneys New York Inc. is considering filing for bankruptcy after its annual rent at its 249,498-square-foot flagship store in Manhattan increased to $30 million from $16 million. A New York City arbitrator ruled last year that building ...
INITIAL PRICING: GS Mortgage Securities Corp. II, 2019-GC40
Class Amt $mln Sub Level% Avg Life (yrs) Rating S&P Rating Fitch RatingKroll RatingMStar Pricing % Yield% Final Pricing (bp) Bnch mark A-1 16.40 30.00 2.62 AAA AAA AAA AAA 99.998 2.225 +48 swaps A-2 131.94 30.00 4.85 AAA AAA ...
INITIAL PRICING: GS Mortgage Securities Corp. II, 2019-GC39
Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating Fitch RatingKroll Pricing % Yield% Final Pricing (bp) Bnch mark A-1 13.48 30.00 2.53 Aaa AAA AAA 99.998 2.655 +33 swaps A-2 122.53 30.00 4.78 Aaa AAA AAA 102.998 ...
Barney’s Looking to Reduce Space at Manhattan’s 660 Madison Ave.
New York Post Barney's New York is in talks to reduce the 249,498 square feet of space it leases at 660 Madison Ave. in Manhattan by more than half. The retailer is looking to give up as many as five ...
Troubled CMBS Loan Against Military Housing Gets Amortization Reprieve
Commercial Real Estate Direct Staff Report The $56.5 million CMBS loan against the 648-unit Eagle Ridge Village apartment property just outside of the Fort Drum army installation in New York State's north country, has been modified so it won't amortize ...
INITIAL PRICING: GS Mortgage Securities Corp. II, 2019-GC38
Class Amt $mln Sub Level% Avg Life (yrs) Rating Fitch Rating Kroll RatingS&P Pricing % Yield% Final Pricing (bp) Bnch mark A-1 9.27 30.00 2.53 AAA AAA AAA 99.999 2.960 +33 swaps A-2 77.49 30.00 4.75 AAA AAA AAA 102.998 ...
Tenant Vacancy Puts Loan Against Atlanta Office at Increased Risk of Default
Commercial Real Estate Direct Staff Report The lease governing the 146,340 square feet of space at Atlanta's Parkwood Plaza that had been occupied by General Electric Energy is set to mature next August. The company vacated its space four years ...
CMBS Loan Against Queens, N.Y., Mixed-Use Property Goes to Special Servicing
Commercial Real Estate Direct Staff Report The $68.7 million CMBS loan against 179,186 square feet at the Queens Crossing mixed-use property in Flushing, N.Y., has transferred to special servicer Rialto Capital Advisors as cash flow from its collateral has declined. ...
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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.
