Subject: Commercial MBS (CMBS)

The $483.53 million CMBS loan against the Destiny USA shopping mall in Syracuse, N.Y., is being offered for sale. Potentially complicating the offering is the $256.98 million of bonds issued under a PILOT program that also encumber the property and ...

The downtown Seattle office sector has overtaken San Francisco as the worst in the country, in terms of vacancy. That could pose a risk for CMBS loans that are coming due or have matured and remain unresolved.

Just more than two-thirds of CMBS conduit loans by balance that came due in April were paid off on time. That was a slight improvement from March and a marked improvement from the nearly 46% payoff rate in February.

Brookfield Property Partners' GGP operation is facing challenges at three shopping malls that back $402.16 million of CMBS debt.

Several sizable shopping mall loans became delinquent last month, increasing the overall volume of CMBS loans that were classified as being more than 30 days late by 1.44%, or $646 million, to $45.67 billion, according to Trepp Inc.

San Francisco Business Times Autodesk has decided not to renew its 109,432-square-foot office lease at One Market Plaza in San Francisco. The construction and engineering software company will vacate the 1.6 million-sf building when its lease expires at the end ...

The CMBS trusts that earlier this year took title to the Park Square office property in Boston's Back Bay area are said to have hired Eastdil Secured to market the 503,312-square-foot building for sale.

The appraised value of a 738-unit apartment property in suburban Cleveland, which was financed with a $53 million CMBS loan just two years ago, has been reduced by just more than 84%, to only $18.1 million.

Commercial Real Estate Direct Staff Report The 42,000 square feet of retail space at the base of the 12-story 599 Broadway office building in Manhattan's SoHo neighborhood has had its appraised value slashed by nearly 80% to $32 million. The ...

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 ...