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)
Utah Mall Sees Another Drop in Appraised Value
Commercial Real Estate Direct Staff Report Newgate Mall in Ogden, Utah, which was taken through foreclosure in April 2021 by the CMBS trust that held what was a $58 million mortgage against it, has been reappraised at a value of $17.1 ...
CMBS Loan Against Dayton Mall in Ohio Gets Written Down Sharply
Commercial Real Estate Direct Staff Report The CMBS mortgage against the Dayton Mall in Dayton, Ohio, has had its term extended by just more than eight years through November 2030. The loan, securitized through WFRBS Commercial Mortgage Trust, 2012-C10, was ...
Maturing $76.15Mln CMBS Loan on Dover Mall in Delaware Moves to Special Servicing
The $76.15 million CMBS loan against the Dover Mall and Commons retail property in Dover, Del., is back in special servicing. The property very well could end up being owned by the CMBS trust that holds the loan.
South Plains Mall in Lubbock, Texas, Sees Sharp Drop in Appraised Value
Commercial Real Estate Direct Staff Report South Plains Mall in Lubbock, Texas, whose $200 million CMBS loan was extended recently by four years through November 2029, has been reappraised at a value of $114 million. The 1.31 million-square-foot shopping mall ...
Houston’s Greenway Plaza Sells, Subject to Assumption of $416.2Mln CMBS Loan
Commercial Real Estate Direct Staff Report Interra Capital Group has acquired the 4.5 million-square-foot Greenway Plaza office complex in Houston, subject to the assumption of its $416.2 million mortgage. The Houston investment manager, led by Jack Polatsek, focuses on distressed ...
CBL Gets $43Mln Loan Against S.C. Mall, Paying Off Matured CMBS Debt
Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc. has lined up a $43 million mortgage from Bank of Montreal against the 403,671 square feet of retail space that it owns at the 748,094-sf Northwoods Mall in North ...
Volume of CMBS Loans in Special Servicing Increased Slightly in March
A total of 41 CMBS loans with a balance of $2.86 billion were newly transferred to special servicers last month. That was among the highest monthly totals of new transfers in more than a year. However, the total volume of ...
Rialto Tops List of CMBS Conduit B-Piece Buyers; Blue Owl Takes Overall Risk-Retention Crown
Rialto Capital Advisors was the most active buyer of CMBS conduit B-pieces during the first quarter, taking down the most subordinate bond classes of three of the period's 10 conduits.
CMBS Trust Sells 2 Neighboring Buildings in Manhattan for $54Mln
Commercial Real Estate Direct Staff Report Aurora Capital Associates has paid $54 million, or $675/sf, for the 80,032-square-foot Scribner Building and its neighboring Redfern Building in Midtown Manhattan. The Cayre family office, which is led by Robert Cayre, bought the ...
CMBS Market Has Solid Quarter, Even as Issuance Declines
A total of 42 domestic, private-label CMBS deals with a balance of $32.74 billion were issued during the first quarter, marking the second busiest first quarter since just before the Global Financial Crisis.
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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.
