The volume of CMBS loans that are more than 30 days late with their payments declined by $310 million last month, to $27.66 billion, according to Trepp Inc. The delinquency percentage rate dropped to 4.68 percent from 4.7 percent. Delinquencies ...
Crain's Chicago Business A venture of Goldman Sachs and Magnolia Capital is offering for sale the 270-unit Vantage Oak Park Apartments in Oak Park, Ill., about nine miles west of Chicago. The venture has hired CBRE to market the property, ...
Commercial Real Estate Direct Staff Report The 69,004-square-foot office property at 149 New Montgomery St. in San Francisco last December was appraised at a value of $20.7 million, just less than the $21 million of mortgage debt against it. The ...
Commercial Real Estate Direct Staff Report The $69.24 million of CMBS financing against the 1.2 million-square-foot Westminster Mall in Westminster, Calif., has been transferred to special servicer Torchlight Loan Services. The transfer was first highlighted by The Real Deal. The ...
Armed with a massive lease with New Jersey Transit, the group that owns three buildings within the Gateway Center office complex in Newark, N.J., has been able to negotiate a term extension for the $285 million CMBS loan against the ...
Commercial Real Estate Direct Staff Report Having reached its initial maturity, the $346 million mortgage against a portfolio of 12 apartment properties with 2,746 units owned by Nitya Capital has transferred to special servicer SitusAMC. The transfer was highlighted this ...
Commercial Property Executive Intermolecular has agreed to extend its lease for the entire 146,159-square-foot research and development building at 3011 North First St. in San Jose, Calif. The affiliate of Merck KGaA of Germany has leased the property from a ...
Commercial Real Estate Direct Staff Report The 225,485-square-foot office property at 300 East Lombard St. in Baltimore has had its appraised value slashed by 76 percent to $9.1 million, according to Morningstar Credit Analytics. The property is owned by JMS ...
InterGroup Corp., which owns the 543-room Hilton San Francisco Financial District hotel, is in talks with special servicer Rialto Capital Advisors over a potential one-year term extension of the property's $86.05 million mortgage and $20 million of mezzanine financing.
Franklin BSP Realty Trust Inc. has provided $65 million of financing against the Wildwood Center, a 668,082-square-foot office property in Atlanta. The fresh financing, which requires only interest payments for its five-year term and pays a 7.98 percent coupon, was ...
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© 2023 Commercial Real Estate Direct All rights reserved..