CMBS

1407 BROADWAY IN MANHATTAN.
Finance  ·  CMBS
New York City

Shorenstein Properties Defaults on $350M CMBS Loan Tied to 1407 Broadway

By Brian Pascus
One South Broad Street.
Finance  ·  CMBS
Philadelphia

CMBS Loan on Philly Class B Office Property Seals 30-Month Extension

By Cathy Cunningham
The Grand Reserve at Tampa Palms in Tampa, Fla. has seen a 185 percent jump in insurance premium costs since 2017, according to a CRED iQ analysis. 
Finance  ·  CMBS
National

Soaring Insurance Premium Costs Permeate CRE Sector

By Harry Blanchard
Writers and their supporters walk the picket line outside the Netflix offices and studios — owned by Hudson Pacific Properties — in Hollywood. More than 11,000 television and movie writers are on strike for the first time since 2007 after talks with studios and streamers failed to clinch a deal.
Finance  ·  CMBS
Los Angeles

Hudson Pacific, Blackstone CMBS Soundstages Loan at Risk From Hollywood Strikes: Barclays

By Andrew Coen
A photo of a red line graph rising.
Finance  ·  CMBS
National

CMBS Delinquency Rate Has Jumped 56 Percent Since January

By Harry Blanchard
Miami, Florida, Brickell City Centre shopping mall with Apple Store, Chanel and escalators.
Finance  ·  CMBS
National

Mall Properties Showing Surprising Resilience

By Harry Blanchard
A sunset could be dawning over the commercial real estate market in New York and other cities, according to Newmark.
Finance  ·  Analysis
National

CRE Lending Down 52 Percent Annually: Newmark

By Brian Pascus
Premium
Charles Schwab plans to cut its footprint in San Fransisco, where one of its properties at 211 Main Street (pictured) is secured by CMBS debt.
Finance  ·  CMBS
San Francisco

Charles Schwab Office Downsizing Poses Limited Threat to CMBS Deals: Barclays

By Andrew Coen
Premium
681 Fifth Avenue
Finance  ·  CMBS
New York City

CMBS Loan on Former Tommy Hilfiger Flagship Store Falls 30 Days Delinquent

By Andrew Coen
Premium
1166 Avenue of the Americas in midtown Manhattan.
Finance  ·  CMBS
National

What Triggered Watchlist CRE Loans in the First Half of 2023

By Mike Haas
Premium
FEMA Headquarters at 500 C Street SW.
Finance  ·  CMBS
Washington DC

Owner of FEMA HQ Extends $130M CMBS Loan

By Chava Gourarie
Premium
229 West 43rd Street.
Finance  ·  CMBS
National

Valuation Trends in the First Half of 2023

By Mike Haas
Premium
The largest CMBS workout by outstanding balance in June was a $220 million mortgage secured by 693 Fifth Avenue in Manhattan (pictured).
Finance  ·  CMBS
National

CMBS Realized Losses Climb in June

By Marc McDevitt
Premium
The Charlotte, N.C. retail sector had a 16 percent month-over-month increase in distress for commercial real estate loans in June.
Finance  ·  CMBS
National

CRE Loan Distress Up in 70% of Largest Metro Areas in June

By Marc McDevitt
Premium
A $310 MILLION LOAN SECURED BY THE 1.3 MILLION-SQUARE-FOOT RIVER NORTH POINT OFFICE PROPERTY IN CHICAGO (Former home to the Chicago Sun-Times) WAS TRANSFERRED TO SPECIAL SERVICING IN JUNE.
Finance  ·  CMBS
National

CMBS Delinquency at Highest Level Since 2021

By Marc McDevitt
Premium
Older office and rent stabilized buildings in New York City have seen dramatic declines in prices and valuations on the investment sales market. Will they ever bounce back?
Finance  ·  Sales
New York City

Why the Prices of NYC Office and Rent-Stabilized Apartment Buildings Are Tumbling

By Rebecca Baird-Remba
Premium
The Crystal Mall in Waterford, Conn saw its final bid fall 49 percent from its most recently reported valuation of $18 million.
Finance  ·  CMBS
National

CMBS Auctions Provide Distressed Asset Pricing Guidance in 2023 First Half

By Marc McDevitt
Premium