Subject: Commercial MBS (CMBS)

Paramount Realty Services has paid $36.5 million, or nearly $401/sf, for the 91,069-square-foot View at Marlton retail center in the Philadelphia suburb of Marlton, N.J. The Lakewood, N.J., investor bought the property as part of a tax-deferred exchange from a ...

Steps are being taken that might indicate that the 346-room Club Quarters Hotel in San Francisco is close to selling, according to a report in the San Francisco Business Times. Last month, a consultant requested a zoning verification letter for ...

The Holiday Inn FiDi, with 492 rooms at 99 Washington St. in lower Manhattan, has received court approval to be used as a shelter for illegal immigrants, according to a report in Crain's New York Business. The hotel serves as ...

Commercial Real Estate Direct Staff Report The CMBS delinquency numbers for January improved slightly from the month before, with the total volume of loans that are more than 30 days late with their payments declining by 2.84 percent to $18.15 ...

Brookfield DTLA Fund Office Trust, which resulted from Brookfield Office Properties Trust's 2013 acquisition of MPG Office Trust Inc., late last year had warned that it might face challenges refinancing a big chunk of its $2.3 billion of debt.

Commercial Real Estate Direct Staff Report The venture led by Madison Marquette that owns the Shops at Waldorf Center in southern Maryland has negotiated a modification of the $75.25 million CMBS loan against the property. Terms of the modification couldn't ...

Commercial Real Estate Direct Staff Report Trion Properties has paid $23.6 million, or $226,923/unit, for Courtyard at Artisan Square, a 104-unit apartment property in Sacramento, Calif. The Los Angeles investment manager purchased the property from a California investor that had ...

Commercial Real Estate Direct Staff Report The 511,208-square-foot office building at 285 Madison Ave. in midtown Manhattan has been appraised at a value of $411 million, one-third less than the $610 million value pegged to it in 2017 when a ...

The $277.1 million loan against the Wells Fargo Center in Denver has transferred to special servicing as it matured last month. The loan originally had matured a year ago and was extended through last month. To meet the requirements of ...

Commercial Real Estate Direct Staff Report The $159.87 million CMBS loan against the 988,646-square-foot office building at 301 South College St. in Charlotte, N.C., has transferred to special servicing because it's expected to default at its May maturity. The transfer, ...