$730M loan bundle funds slew of NYC projects
A Ladder Capital subsidiary will oversee the sale of $730 million in collateralized loan obligations, some of which will...
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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...
What the financial titans pay at Fisher Brothers’ Park Avenue Plaza
The following is a preview of one of the hundreds of data sets that will be available on TRD...
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...
Here’s what tenants pay at Vornado, Trump’s 1290 Sixth Avenue
The following is a preview of one of the hundreds of data sets that will be available on TRD...
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...
Top loans: Related exits Margaritaville, digs in at Truffles Tribeca
After some monster Manhattan real estate lending in August, lightning was not likely to strike again in September. And...
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...