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
Subject: Commercial MBS (CMBS)
Receiver Brings Bellevue, Wash., Office Property Backing $304Mln of CMBS Debt to Sales Block
Commercial Real Estate Direct Staff Report Braven Office Commons, a 749,694-square-foot property in Bellevue, Wash., has been placed on the sales block by its receiver as its foreclosure process begins. Eastdil Secured has been tapped to market the property, at ...
Power Outages at Data Centers Declined Last Year
Half of all data-center operators reported that their properties had experienced power outages within the past three years, according to data compiled by the Uptime Institute. That was down from 53% in 2024.
Chicago’s 10 South LaSalle Office Has Appraised Value Slashed Further
Commercial Real Estate Direct Staff Report The appraised value of the 781,426-square-foot office property at 10 South LaSalle St. in Chicago has been reduced once again, this time to $27.2 million. Last September, the property had its value slashed by 81.9% ...
3 Office Buildings in Wilmington, Del., to be Offered at Sheriff’s Sale
Commercial Real Estate Direct Staff Report A portfolio of three Wilmington, Del., office buildings backing distressed CMBS debt are scheduled for sheriff's sale next month. The buildings, with 305,398 square feet at 200, 300, and 400 Bellevue Parkway, serve as ...
Hilton Houston Post Oak Hotel Sees Appraised Value Cut by More Than Half
Commercial Real Estate Direct Staff Report The appraised value of the 448-room Hilton Houston Post Oak hotel in the city's Uptown area has been reduced again, this time by more than half to $31 million. The property, constructed in 1982 ...
Kohan Buys Pecanland Mall in Louisiana, Resulting in $54.45Mln Loss to CMBS Trust
Kohan Retail Investment Group has purchased the Pecanland Mall in the northern Louisiana city of Monroe, giving it its second shopping mall in the state. It also owns the Pierre Bossier Mall in Bossier City, which it also bought from ...
MF1 Capital Launches CMBS Conduit Backed Solely by Multifamily Loans
MF1 Capital, best known as a provider of bridge financing against apartment properties, is tapping the CMBS market with a $734.22 million conduit-like transaction backed by fixed-rate loans against apartment properties.
Appraised Value of Queens, N.Y., Mixed-Use Complex Lowered Sharply
Commercial Real Estate Direct Staff Report The 1.19 million-square-foot JACX office complex in Queens, N.Y., has had its appraised value slashed by 44% to $480 million. The property, constructed in 2019, is comprised of two 26-story buildings that are connected ...
Bondholders Move to Sell Chicago Office Property They Foreclosed on Two Years Ago
Crain's Chicago Business The 691,410-square-foot office building at 2 North LaSalle St. in Chicago has been brought to the sales block by the bondholders that took control of it two years ago. Torchlight Loan Services, the special servicer representing the ...
CBL Gives Up on Parkdale Mall and Crossing in Beaumont, Texas
CBL & Associates Properties Inc. is in talks to turn its Parkdale Mall and Crossing retail properties in Beaumont, Texas, over to its CMBS lender, which holds a $47.55 million loan against them.
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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.
