CMBS
Historic Santa Monica Clock Tower Faces Financial Crisis as Office Market Struggles
Century-old Art Deco landmark's $26.7 million loan enters special servicing amid plummeting occupancy and cash flow The Santa Monica Clock Tower, a 12-story...
Mani Brothers Secure $125MM Refinance from JPMorgan Chase for 9000 West Sunset Blvd. in West Hollywood
Mani Brothers Real Estate Group has closed a $125 million refinancing from JPMorgan Chase for 9000 West Sunset Boulevard, a prominent 16-story office...
U.S. CRE Market Finds Its Footing in Early 2025 as Transaction Activity and Prices Stabilize
The U.S. commercial real estate (CRE) market began 2025 with renewed momentum, signaling signs of stabilization after a volatile couple of years. According...
Carolwood to Acquire the 920,000 SQFT EY Plaza for $130MM in Downtown LA Deal
Carolwood is set to buy the distressed EY Plaza in downtown Los Angeles for $130 million, closing in June. This acquisition reflects a...
Hudson Pacific Completes $475MM CMBS Financing Across Six Properties in Los Angeles, Seattle, and the Bay Area
LOS ANGELES -- Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced...
Bell Partners Secures $73MM Refinancing from KKR for Bell South Bay Community in Inglewood
Bell Partners has secured a $73 million bridge loan to refinance Bell South Bay, a 264-unit multifamily community in Inglewood, California. KKR-managed accounts...
Websco Properties Secures $14MM Permanent Loan to Refinance 827-Unit Orange County Self Storage Facility
AAA Quality Self Storage Facility in Tustin Stabilized in High Barrier to Entry Suburban Market; CMBS Loan Maximizes Proceeds with Attractive Rate and...
Wells Fargo Analysis: Commercial Real Estate Ends 2024 on an Optimistic Note
After a prolonged period of uncertainty, the commercial real estate (CRE) market is ending 2024 on a more promising note. According to Wells...
Rising Realty’s 1 Cal Plaza in Downtown Los Angeles Sees $300MM CMBS Loan Move to Special Servicing
A $300 million CMBS loan backed by 1 Cal Plaza in downtown Los Angeles has transitioned to special servicing ahead of its November...
463,000 SQFT Ovation Hollywood Retail Property Goes into Special Servicing
The glimmer of Hollywood's famed lights seems to have dimmed somewhat for the Ovation Hollywood retail center. Once the renowned Hollywood & Highland,...
The Office Market Faces a Wave of Short Sales Amidst Dwindling Capital and Patience
Last year, investors amassed billions in anticipation of acquiring distressed real estate assets at considerable discounts. Yet, the expected deluge of deals didn't...
Commercial Real Estate Leaders Ethan Penner and Chad Carpenter Launch Reven Office REIT to Finance U.S. Office Properties
- Vehicle Positioned to Fill Significant Capital Void for Office Financing - LA JOLLA, Calif.--Commercial real estate leaders Ethan Penner and Chad Carpenter...
