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: Loan Offerings (LOAN)
SL Green to Sell Manhattan’s 719 Seventh Ave. for $30.5Mln
Commercial Real Estate Direct Staff Report SL Green Realty Corp. has struck a deal to sell the 10,400-square-foot retail building at 719 Seventh Ave. in the Times Square section of Manhattan for $30.5 million, or about $2,933/sf. The seller was ...
Yellowstone Pays $200Mln for Loan Against Manhattan’s 1740 Broadway
Commercial Observer Yellowstone Real Estate has paid about $200 million for the distressed loan against the 603,928-square-foot office building at 1740 Broadway in Manhattan. Midland Loan Services, special servicer for the CMBS trust that holds the loan, BWAY Mortgage Trust, ...
Owner of Philadelphia’s Wanamaker Building Seen Buying Loan at Discount
Commercial Real Estate Direct Staff Report A discounted payoff of the $124 million of mortgage debt encumbering downtown, or Center City, Philadelphia's historic Wanamaker Building might be in the cards. That would help facilitate plans by the property's owner, an ...
Mission Capital Offers Nonperforming $23.8Mln Loan on San Francisco Office
Commercial Real Estate Direct Staff Report Mission Capital Advisors has started marketing for sale a $23.8 million nonperforming loan against a San Francisco office building. The New York advisory shop, a unit of Marcus & Millichap, wouldn't identify the seller ...
Brookfield/Ballast Venture Paid 89 Percent of Par for Debt on San Francisco Apartments
The venture between Brookfield Corp. and Ballast Investment that bought the $451.12 million of CMBS loans against 62 apartment properties with 1,734 units in San Francisco that had been owned by Veritas Investments Inc. paid $402.21 million, or 89 percent ...
Effort to Sell Loan on Manhattan’s 1740 Broadway Restarted
BisNow The $308 million mortgage against the 603,928-square-foot office building at 1740 Broadway in Manhattan has been put back up for sale through JLL. The loan, held by BWAY Mortgage Trust, 2015-1740, had defaulted in September 2022 and was put ...
FDIC Sells More Signature Bank Loans in Deal Valued at 61.1 Percent of Par
An affiliate of Santander Bank has paid $1.1 billion for a 20 percent stake in a $9 billion portfolio of loans that had been held by the now-defunct Signature Bank against New York apartment properties. The deal values the portfolio, ...
Gaw Capital Pays $82Mln for Loan Backing San Francisco Office Campus
The Real Deal Gaw Capital USA has paid $82 million for the $150 million loan against a three-building office campus with a total of 293,900 square feet in San Francisco. ING Group had provided the loan against the property, which ...
FDIC Sells Signature’s Rent-Controlled Apartment Loans for 59 Percent of Par
The FDIC has closed the sale of another two portfolios of loans it assumed through the failure of Signature Bank. It sold a 5 percent stake in the two, which have a total of $5.8 billion of loans against rent-controlled ...
FDIC Sells 20 Percent Stake in Signature Loan Portfolio in $12Bln Deal
Commercial Real Estate Direct Staff Report The FDIC has completed the sale of a 20 percent stake in a portfolio of $16.8 billion of loans from the failed Signature Bank to a group led by Blackstone Group for $1.2 billion. ...
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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.
