$16B in CMBS loans nearing cliff in NYC
By Rich Bockmann | January 23, 2023 08:00AM
Commercial mortgage maturities are piling up in New York City as higher interest rates and recession anxiety make refinancing a major challenge. More than $16 billion in loans secured by New York City commercial...
$16B in CMBS loans nearing cliff in NYC
Signs of distress hit rent-stabilized buildings
By Suzannah Cavanaugh | January 03, 2023 08:45AM
Since October, Lev Mavashev has been fielding more and more calls from owners looking to unload rent-stabilized buildings with...
Signs of distress hit rent-stabilized buildings
Massive loan on Maefield’s 20 Times Square in trouble
TRD Staff | November 23, 2022 10:26AM
The nightmare at 20 Times Square is far from over. A $900 million loan on the Maefield Development property...
Massive loan on Maefield’s 20 Times Square in trouble
National
Inside Madison Realty Capital’s distressed investing playbook
By Isabella Farr | November 21, 2022 04:15PM
Financing commercial real estate projects at a time of steep interest rates is no simple feat. CMBS issuance tumbled...
Inside Madison Realty Capital’s distressed investing playbook
Simon surrenders Connecticut mall to lenders
TRD Staff | November 09, 2022 01:00PM
Simon Property Group is out at a Connecticut mall. The real estate investment trust and its partners recently relinquished...
Simon surrenders Connecticut mall to lenders
Steinway Tower refi topped Manhattan loans in September
By Orion Jones | October 11, 2022 08:00AM
All that glitters is not gold, and ultra-pricy Manhattan real estate certainly glitters. Several residential projects in the borough,...
Steinway Tower refi topped Manhattan loans in September
Cohen Brothers’ Midtown tower back in special servicing
TRD Staff | September 21, 2022 11:33AM
Default is looming over the Cohen Brothers Realty’s International Plaza tower, where a CMBS loan on the building was...
Cohen Brothers’ Midtown tower back in special servicing
National
Breaking down the wild CMBS market
By Rich Bockmann | August 25, 2022 07:00AM
Freeze, thaw, chill, repeat. The CMBS market — a key source of financing for commercial real estate — has been on a wild ride in recent weeks as the broader financial markets have skidded...
Breaking down the wild CMBS market
National
CMBS volume plunges 29% in second quarter
TRD Staff | July 26, 2022 01:22PM
Rising interest rates are sinking CMBS activity, bringing the market back to earth after a banner year in 2021. Banks issued $20.6 billion of securities backed by real estate loans in the second quarter,...
CMBS volume plunges 29% in second quarter
Sapir faces ticking clock to refinance Madison Avenue office loan
By Keith Larsen | July 19, 2022 04:31PM
The Sapir Organization is officially on the clock to refinance a pair of Madison Avenue office buildings. Sapir failed...
Sapir faces ticking clock to refinance Madison Avenue office loan