Subject: Commercial MBS (CMBS)

Commercial Real Estate Direct Staff Report Morningstar DBRS estimates that the three Club Quarters hotels in Chicago, San Francisco, and Philadelphia that back a $240.7 million mortgage securitized through BX Trust, 2017-CQHP, would recover only $142.7 million in a liquidation. ...

The volume of CMBS loans that are more than 30 days late with their payments spiked in March by $3.08 billion, to $45.83 billion, marking the largest one-month increase in delinquency volume since May 2023, when volumes increased by $3.26 ...

Commercial Real Estate Direct Staff Report The $425 million CMBS loan against the 1.19 million-square-foot JACX office complex in Queens, N.Y., is unlikely to get refinanced by its September maturity. As a result, the loan, securitized through BAMLL Commercial Mortgage ...

Commercial Real Estate Direct Staff Report Outlet Shoppes at Gettysburg, a 249,937-square-foot retail property in Gettysburg, Pa., was reappraised at the end of last year at a value of $14.8 million. CBL & Associates Properties Inc. owns the property but ...

Commercial Real Estate Direct Staff Report The 31 apartment properties with 3,505 units in New York City that back a troubled $506.3 million CMBS loan continue to face challenges, with expenses growing at a far faster clip than revenue. The ...

The CMBS trusts that hold a $167 million loan against the fee interest in, or ground beneath, the 1.1 million-sf office building at 300 South Riverside Plaza in Chicago have filed to take the asset through foreclosure.

Commercial Real Estate Direct Staff Report The Queens Place retail property in the Elmhurst neighborhood in Queens, N.Y., which is encumbered by $110 million of financing, has been reappraised at a value of $90 million. The circular property is owned ...

Ashford Hospitality Trust Inc., which started evaluating strategic alternatives late last year, has continued selling individual properties and is marketing for sale 18 hotels as it addresses its $2.6 billion debt burden.

Tampa Bay Business Journal Ram Realty Advisors has paid $131 million, or $400,612/unit, for Beacon 430, a 327-unit apartment complex in downtown St. Petersburg, Fla. The Palm Beach Gardens, Fla., company purchased the four-story property from Ascent Residential of Montgomery, ...

Commercial Real Estate Direct Staff Report Starbucks Corp., which was founded in 1971 in Seattle's famed Pike Place Market, is expanding its office footprint—but not in its hometown. Instead, the coffeehouse chain is looking for about 250,000 square feet of ...