The Real Deal Prudential Insurance Co. is planning to leave Prudential Plaza, a 2.3 million-square-foot office property in Chicago. The insurance company takes 51,646 sf at the property on a lease that runs through July 2025. It will move to ...
The volume of CMBS loans in the hands of special servicers increased last month only marginally - 0.51 percent - to $41.09 billion, according to Trepp Inc. A total of 45 loans with a balance of $2.24 billion were newly ...
The volume of CMBS loans that are more than 30 days late declined in November by $499 million, or 1.61 percent, to $27.46 billion, according to Trepp Inc. That amounts to 4.58 percent of the $600.19 billion CMBS universe. But ...
The Real Deal Silicon Valley Bank has agreed to lease 60,000 square feet of office space at 222 Second St. in San Francisco. The bank will be vacating the 83,000 sf it leases at 505 Howard St., also in San ...
BisNow The FDIC has terminated First Republic Bank's lease for 211,521 square feet at 410 Tenth Ave. in the Hudson Yards section of Manhattan. The bank, which had failed last May, was the second-largest tenant at the 631,944-sf office building, ...
State Farm Mutual Automobile Insurance Co.'s efforts to consolidate its scattered office presence into four regional headquarters finally has prompted the transfer of a $383.5 million CMBS loan to special servicing. The portfolio of suburban office buildings also supports $86 ...
Commercial Real Estate Direct Staff Report A portfolio of four office properties totaling 753,074 square feet in the Dumbo, or Down Under the Manhattan Bridge Overpass, area of Brooklyn, N.Y., has been appraised at a value of $207.1 million. That's ...
The office market continues to plague the CMBS sector, as $1.3 billion of loans against office properties had transferred to special servicing last month, according to Trepp Inc. But total volumes in special servicing actually declined by 1.46 percent in ...
Dallas Morning News The securitized debt against the 1.08 million-square-foot Colonnade office complex in the Dallas suburb of Addison, Texas, has been transferred to special servicer Midland Loan Services as the borrower defaulted on its mezzanine loan in September. The ...
Commercial Real Estate Direct Staff Report The classification of a large securitized multifamily loan as nonperforming in October drove a 5.07 percent increase in the volume of delinquency in the CMBS universe to $27.91 billion, according to Trepp Inc. That ...
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved..