Crain's New York Business A&R Kalimian Realty, which owns the Aire Apartments in the Lincoln Square section of Manhattan, is looking to sell the 310-unit property. The property is encumbered by a $193.8 million CMBS loan that had defaulted in November ...
Commercial Real Estate Direct Staff Report The $193.8 million CMBS loan against The Aire, a 310-unit apartment property in the Lincoln Square section of Manhattan wasn't paid off at its November maturity. The delinquency was expected as the property, which was ...
The owner of Minneapolis' IDS Center office complex has negotiated a term extension of up to three years for the property's $151.66 million mortgage, which had matured in May. The property, at 80 South 8th St., is owned by Accesso ...
BisNow Bank of Montreal and Citibank have provided a $101.45 million loan against a pair of office buildings with a total of 292,573 square feet in midtown Manhattan. The two buildings, 369 Lexington Ave., with 150,947 sf, and 2 West ...
Commercial Real Estate Direct Staff Report Braemar Hotels & Resorts Inc., which is managed by Ashford Inc., stopped making principal and interest payments on nearly all of its $1.1 billion of mortgage debt. As such, it's following in the footsteps ...
Commercial Real Estate Direct Staff Report One City Centre, a 602,122-square-foot office building in Houston that backs $100 million of CMBS debt, might be worth only $35.7 million, according to DBRS Morningstar. The collateral building, which will lose its largest ...
Commercial Real Estate Direct Staff Report Washington Prime Group has confirmed that it's giving up on three additional shopping malls, a move that would wipe out $75 million of indebtedness from its balance sheet. The three properties are the Charlottesville ...
Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes LB-UBS Commercial Mortgage Trust, ...
Crain's New York Business Global Trading Systems has expanded its lease to 25,000 square feet at the 139,540-sf office building at 545 Madison Ave. The financial firm renewed the 14,000 sf it occupies on the 15th and 16th floors of ...
Commercial Real Estate Direct Staff Report The volume of delinquent CMBS loans declined to $11.9 billion in October from $12 billion in September, according to Trepp LLC. That was enough to shrink the delinquency rate by four basis points, to ...
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