National
Flood of single-asset deals propels CMBS market to 14-year high
The market for commercial mortgage backed securities is back and bigger than ever. Private-label CMBS issuance surged to $109.1...
The Latest
Royal Castle Companies buys offices at Boca’s Park at Broken Sound
Elliot Stone’s Royal Castle Companies scooped up two office buildings in Boca Raton’s Park at Broken Sound for $8.9...
National
Cerberus nabs $616M CMBS loan on FirstKey single-family rentals
Cerberus Capital Management, the parent organization of FirstKey Homes, landed a $616.1 million CMBS loan from Morgan Stanley, the...
West Palm shopping center foreclosure suit leads to CMBS drama
The owners of the Cross County Plaza shopping center in West Palm Beach are learning the drawbacks of taking...
National
CMBS delinquencies plunge, but still above pre-pandemic levels
Bad commercial debt is getting harder to find. Since peaking at 10 percent last June, the delinquency rate for...
National
Blackstone secures $1.1B refi on Sun Belt multifamily portfolio
Blackstone’s real estate investing arm is following up its record third quarter with a massive refinancing package. Blackstone Real...
National
Bet against retail costs investor big-time
A hedge fund that lost millions betting against commercial real estate now claims that JPMorgan forced it to call off the gamble at the worst time, then pumped up the price of paying its...
National
CMBS set to break Financial Crisis record
Real estate owners have had a rocky love affair with cheap debt. Commercial real estate’s fixation with low interest rates has dragged it to China to court EB-5 investors and to Israel’s nascent bond...
National
Hudson’s Bay Company restructures $846M CMBS loan
Hudson’s Bay Company successfully restructured a massive CMBS loan, reportedly ending an 18-month saga that included accusations of undermining...
National
Hurricane Ida threatens $7B of CMBS
Amid the wreckage that Hurricane Ida wrought when it slammed into the Gulf Coast over the weekend, upwards of $7 billion worth of commercial real estate loans could be affected as the region deals...
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