Subject: Commercial MBS (CMBS)

Commercial Real Estate Direct Staff Report The CMBS loan against the 1.74 million-square-foot office building at 1515 Broadway in Midtown Manhattan has been further extended through next March, after the building's owner, a venture led by SL Green Realty Corp., ...

Commercial Real Estate Direct Staff Report The $160 million mortgage against the 2.34 million-square-foot U.S. Steel Tower in Pittsburgh matures in less than two months and is evidently facing challenges getting refinanced. The loan is scattered among three CMBS deals: ...

Charlotte Business Journal The buzz is Sumitomo Mitsui Banking Corp. is nearing a deal for 200,000 square feet of office space at 301 South College, a 994,000-sf property in downtown Charlotte, N.C. The Tokyo-based financial services company would be subleasing ...

Commercial Real Estate Direct Staff Report The $33.5 million CMBS loan against the 407-room Norfolk Waterside Marriott is headed to foreclosure. The loan, originated just three years ago and securitized through BANK5, 2023-5YR2, transferred to special servicer CWCapital Asset Management ...

While the overwhelming majority of CMBS shopping mall loans are performing, 59 loans with a balance of $4.27 billion, or just more than 8% of the total mall balance, are delinquent, according to the TreppCRE platform.

Commercial Real Estate Direct Staff Report Moody's Ratings estimates the value of the Hilton Minneapolis hotel at only $89.11 million, contributing to its decision to downgrade three classes of a CMBS deal it rates that holds a $180 million mortgage ...

Commercial Real Estate Direct Staff Report The CMBS trust that held the $105 million loan against the 80,032-square-foot Scribner Building and its neighboring Redfern Building in Midtown Manhattan suffered a $76.66 million loss as a result of the properties' sale. ...

Commercial Real Estate Direct Staff Report The 382,256-square-foot 750 Lexington Ave. office building in Midtown Manhattan has been reappraised at a value of $39 million—an eighth of the value pegged to it 11 years ago. The building has 335,576 sf ...

Commercial Real Estate Direct Staff Report GSK PLC's pending departure from the 635,058-square-foot life-sciences property at 14200 Shady Grove Road in Rockville, Md., has resulted in the $138 million CMBS loan against the property being transferred to special servicer Rialto ...

Commercial Real Estate Direct Staff Report The CMBS trusts that held a $160 million mortgage against the 503,312-square-foot Park Square office property in Boston's Back Bay area have taken it through foreclosure. The loan is split into two pieces, with ...