Subject: Commercial MBS (CMBS)

KKR & Co. has acquired a portfolio of 48 select- and limited-service hotels with 6,402 rooms in a deal that included the assumption of what had been a troubled $780 million CMBS loan. The loan is securitized through Credit Suisse ...

Commercial Real Estate Direct Staff Report The 353-room Marriott Hanover hotel in the northern New Jersey community of Whippany, N.J., has been appraised at a value of $66.1 million, one-third less than its value less than two years ago. The ...

Commercial Real Estate Direct Staff Report The Anderson Mall in Anderson, S.C., has been put up for sale through Newmark's national mall team. A total of 355,198 square feet of the 670,640-sf enclosed mall serve as collateral for a $16.22 ...

Commercial Real Estate Direct Staff Report Starwood Capital Group is finalizing the deed-in-lieu of foreclosure transfer of the Rimrock Mall in Billings, Mont., to Wells Fargo Commercial Mortgage Trust, 2013-LC12, which holds a $72.77 million loan against it. The investment ...

Commercial Real Estate Direct Staff Report The EpiCentre mixed-use property in Charlotte, N.C., whose $85 million CMBS loan moved to special servicing earlier this year, has been appraised at a value of $87 million, down from $130.5 million in 2014. ...

Commercial Real Estate Direct Staff Report The $84.2 million CMBS loan against the Square One Mall in the Boston suburb of Saugus, Mass., which was slated to mature in January, has been extended by five years to January 2027. The ...

Commercial Real Estate Direct Staff Report The volume of CMBS loans that are actively managed by special servicers declined for the 12th straight month in September to $41.04 billion, according to Trepp Inc. That amounts to 7.48 percent of the ...

Commercial Real Estate Direct Staff Report Mack Real Estate Credit Strategies has negotiated a three-year extension of what had been a $300 million CMBS loan against a portfolio of limited- and full-service hotels in New York. The New York alternative ...

Hartz Mountain Industries in recent months had offered to pay off a troubled $80 million CMBS loan against its 358-room Sheraton Lincoln Harbor Hotel in Weehawken, N.J., only to have that bid rejected by the loan's special servicer. It's now ...

Rialto Capital Advisors is leading a ranking of most-active buyers of CMBS conduit B-pieces through the first nine months of the year. But KKR Real Estate Credit Opportunity Partners was the most active retainer of horizontal risk from conduit deals. ...