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: Legal Issues (LEGL)
Lawsuit Filed to Freeze Proceeds from Sale of San Francisco’s Transamerica Pyramid
The Real Deal A lawsuit filed against Bayerische Versorgungskammer, the German pension fund known as BVK, has requested a U.S. federal judge to freeze proceeds from the recent sale of the 703,537-square-foot Transamerica Pyramid office tower in San Francisco. An ...
CMBS Trusts to Foreclose on Loan Backed by Land Beneath Chicago Office
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.
Canadian Lender Places Stalking Horse Bid for Austin’s Former Motorola Campus
Commercial Real Estate Direct Staff Report Romspen Holdings Inc. has placed the $5.4 million stalking horse bid for the equity interest in the entity that owns the former Motorola campus in Austin, Texas. Bids are due today. The property, which ...
Walker & Dunlop Finds Borrower Fraud, Will Buy Back $100Mln of Freddie Loans
Commercial Real Estate Direct Staff Report Walker & Dunlop, among the top agency lenders in the country, was asked last year to buy back $100 million of loans it originated on behalf of Freddie Mac as a result of fraud ...
NYC Mayor Eyes Property Tax Hike to Fill Growing Budget Deficit
New York City Mayor Zohran Mamdani is proposing an increase in property taxes in the five boroughs to help address a $5.4 billion gap in the city's preliminary $127 billion budget. In an address at City Hall, the first-time mayor ...
Colorado Cost Transparency Bill Becomes Law, Impacting Apartment Owners
Commercial Real Estate Direct Staff Report Last year, Colorado House Bill 25-1090: Protections Against Deceptive Pricing Practices, was signed into law. The legislation, which went into effect at the start of January, requires businesses to present consumers with a product's ...
New York City Council Fails to Override COPA Veto
Commercial Real Estate Direct Staff Report The New York City Council failed to muster the votes needed to override former Mayor Eric Adams' veto of the New York Community Opportunity to Purchase Act, or COPA, that would have given nonprofit ...
New York City Files Objection to Bankruptcy Sale of Apartment Properties
New York State's attorney general, Letitia James, has gotten involved in the proposed bankruptcy sale of 93 apartment properties with 5,100 units owned by Pinnacle Group. Pinnacle threw them into bankruptcy last May to avoid foreclosure by Flagstar Bank, which ...
Judge Rejects NYC Mayor’s Effort to Stall Bankruptcy Sale of Apartment Properties
Gothamist The judge overseeing the bankruptcy of 93 apartment buildings with 5,100 units in New York City has blocked an effort by the city's newly inaugurated mayor to delay a proposed sale of the properties by 30 days. Mayor Zohran ...
Mamdani Effort to Freeze Multifamily Rents in Manhattan Nears Reality
Gothamist Zohran Mamdani, who was sworn in as New York City's mayor on New Year's Day, will soon get a majority of seats on the Rent Guidelines Board, which governs rate increases at the city's roughly 1 million rent-stabilized apartment ...
About
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.
