Trepp

The CMBS market is improving in 2024, despite more distress in office.

Capital Markets · Finance

CMBS Issuance Hits 2021 Highs, Even If Office Health Remains Precarious

By Brian Pascus

Jackson Hsieh, President and CEO of Macerich, and Santa Monica Place Shopping Mall.

Finance · Distress

Santa Monica Place Mall’s Value Plummets 59%

By Greg Cornfield

401 Market Street, Philadelphia.

Finance · CMBS

$52M CMBS Loan Backed by Philadelphia’s 401 Market Street Sent to Special Servicing

By Brian Pascus

32 Avenue of the Americas and Heinz 57 Center in Pittsburgh, Penn.

Finance · CMBS

Office Problems in New York, Pittsburgh Lead to CMBS Bond Downgrade

By Brian Pascus

CMBS office distress is taking forever to resolve, and the complications within the opaque security have only added to the pain

Finance · CMBS

As CMBS Office Distress Takes Longer to Resolve, Focus Turns to the Pain Points

By Brian Pascus

Overlooking the greater Chicagoland area.

Finance · CMBS

$89M CMBS Loan Backed by Chicago-Area Corporate Campus Sent to Special Servicing

By Brian Pascus

Peter Kalikow and 101 Park Avenue.

Leases · Office Leases

Morgan Stanley, Tiger Management to Vacate 102K SF at 101 Park Avenue

By Isabelle Durso

Xebec Founder, President and CEO Randy Kendrick.

Investments & Sales

Xebec Sheds SoCal Industrial Property for $50M

By Nick Trombola

Ovation Hollywood

Finance · CMBS

CMBS Loan on Hollywood’s Biggest Retail Center Hits Special Servicing

By Andrew Coen

Lafayette Centre

Finance · Distress

Beacon Capital Partners’ Lafayette Centre in Downtown DC Sent to Special Servicing

By Nick Trombola

Harlequin Plaza, 7600 East Orchard Road, Greenwood Village, Colo.

Finance · CMBS

$28M CMBS Loan Secured by Colorado Office Enters Special Servicing

By Brian Pascus

Aerial photo of Turtle Bay Resort, Oahu, Hawaii

Sunday Summary: A Week of Ups and Downs

By The Editors

Santa Monica Place shopping mall.

Finance · CMBS

$300M CMBS Loan Secured by Santa Monica Place Mall Faces ‘Imminent Default’

By Brian Pascus

252 W 37th St

Finance · Distress

Garment District Building Owned by Eretz Group Heads to Foreclosure

By Nick Trombola

Dulles View.

Finance · CMBS

Lender Takes Control of Dulles View Office Following CMBS Loan Auction

By Chava Gourarie

Manus Clancy of LightBox.

Finance · Technology

Trepp’s Manus Clancy Jumps to CRE Data Analytics Competitor LightBox

By Brian Pascus

International Square.

Finance · CMBS

DC’s Most Distressed Office Debt

By Chava Gourarie

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