CMBS
Goldman Sachs Buys $280MM Senior Loan on Slatkins’ 327-Key Santa Monica Beach Hotels, Consolidating $400MM Debt Stack
Goldman Sachs has bought the $280 million senior mortgage on Shutters on the Beach and Hotel Casa del Mar out of special servicing,...
Blackstone, LBA Line Up $270MM Nomura CMBS Loan on Apple-Anchored 378,000 SQFT One Culver Campus
Blackstone and LBA Realty are refinancing their Apple- and WeWork-anchored One Culver campus with a $270 million floating-rate CMBS loan from Nomura, a...
Trepp: 41% of San Diego Multifamily Debt Matures Within Two Years, but Refi Outlook Holds
San Diego faces one of the heaviest multifamily loan maturity schedules in the West, with more than 41 percent of its securitized apartment...
Gantry Lands $9MM Life Company Refinance for 100%-Leased 55,000 SQFT Temecula Office Building
Gantry has arranged a $9 million fixed-rate life company loan to retire CMBS debt on Vail Ranch Town Square, a fully occupied medical...
Blackstone, Hudson Pacific Secure 15-Month Extension on $1.1B Hollywood Studio Loan Anchored by Netflix
Lenders on the Blackstone and Hudson Pacific Properties Hollywood studio-and-office portfolio have finalized a loan modification that buys the sponsors 15 more months,...
West Covina and El Cajon Malls Anchor $437MM Starwood Portfolio Back in Special Servicing
The Starwood Regional Mall Portfolio, whose Southern California holdings include Plaza West Covina in the San Gabriel Valley and Parkway Plaza in El...
Residence Inn LAX Appraisal Plunges 45% to $45.5MM as 231-Key Hotel Heads Toward Note Sale
A fresh $45.5 million valuation on the 231-key Residence Inn by Marriott near Los Angeles International Airport has wiped out nearly half the...
Hudson Pacific, Blackstone’s $1.1B Hollywood Studio Loan Lands in Special Servicing Ahead of Maturity
The $1.1 billion CMBS loan backing Hudson Pacific Properties and Blackstone's marquee Hollywood studio-and-office portfolio has been handed to a special servicer just...
Slatkin Brothers’ $280MM Loan on 327-Key Santa Monica Hotel Duo Lands in Special Servicing
The $280 million securitized mortgage backing Shutters on the Beach and Hotel Casa del Mar has been transferred to special servicer LNR Partners...
CMBS Distress Rate Jumps to 11.86% in May as Office Pain Deepens and April Dip Evaporates
A one-month improvement in April proved fleeting as CRED iQ's combined CMBS distress rate snapped back to 11.86 percent in May 2026, with...
Hilton Irvine Hotel Loan Defaults, Lands in Special Servicing Months Before $44.8MM Maturity
A 306-room Hilton-branded hotel in Irvine has tipped into payment default and transferred to special servicing, leaving its $44.8 million securitized loan facing...
Jamison’s 600 Commonwealth Office Tower Lands Back in Special Servicing as $30.4MM Loan Races Toward Sale Closing in Los Angeles
A $30.4 million securitized loan backing the 333,000-square-foot 600 Commonwealth office tower in Los Angeles has returned to special servicing after a forbearance...
