Trepp
Pacific Retail JV Negotiates Workout as $309MM Loan on 2MM SQFT Lakewood Center Reaches June Maturity
Less than a year after acquiring Lakewood Center from Macerich for $332.1 million, the joint venture of Pacific Retail Capital Partners, Lyon Living...
Bridge Debt Moves From Stopgap to Primary Structure as $875B in CRE Loans Mature
With permanent lenders selective and $875 billion in commercial mortgages coming due, sponsors are routing transitional deals to debt funds offering speed, flexibility...
Mayer, Hyatt Line Up $200MM Cash-Out Refi on Huntington Beach Oceanfront Resort
The proposed five-year, interest-only loan would retire $182 million in maturing debt and return more than $12 million in equity to ownership, signaling...
Phillips Edison Cashes Out of Corona Grocery Center for $38.2MM, Booking 83% Gain
A Northern California 1031 buyer paid roughly $346 per square foot for the fully-leased Ralphs-anchored center — the kind of price that signals...
131,000 SQFT Merge Office Campus in Westminster Faces 41% Value Decline, Enters Special Servicing on $15.5MM CMBS Loan
The 130,800-square-foot suburban office park on the Los Angeles–Orange County border is now appraised at just $16.4 million, barely above its outstanding loan...
CMBS Delinquencies Push to 7.46% Overall as Office Market Hits a Record 11.76%
All major property types see rising stress in October, with multifamily topping 7 percent for the first time since 2015 The latest readout...
Brookfield’s Downtown LA Empire Crumbles as 1.4MM SQFT Bank of America Plaza Debt Hits Market
Latest distressed offering signals deepening crisis in nation’s most troubled office market Another trophy tower in Brookfield Asset Management’s downtown Los Angeles portfolio...
Why CRE Experts Say the Looming $1.26 Trillion Debt Wall Can Be Scaled
By Kidder Mathews Roughly $1.26 trillion in commercial real estate loans are set to mature through 2027. Most originated in the mid-2010s, when rates averaged between...
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...
Goldman Sachs: Office Property Mortgages Are A Ticking Time Bomb in the U.S. Banking Sector
In a recent report by Goldman Sachs, a stark warning was issued about the state of office mortgages in the United States, describing...
Commercial Real Estate Luminary Manus Clancy Joins LightBox Senior Management Team
Clancy will spearhead the firm’s CRE data innovation program IRVINE, Calif., Jan. 12, 2024 /PRNewswire/ — LightBox, the leading provider of commercial real estate information,...
Onni Group Faces Challenges with $408MM Loan Linked to Wilshire Courtyard Office Complex
By The Registry Staff Onni Group, a Vancouver, Canada-based real estate developer, is encountering difficulties related to its substantial $408 million loan tied...
