Orest Mandzy

1 week ago | crenews.com | Orest Mandzy

The $3693 billion of loans backing the 12 CMBS conduit deals that priced during the first quarter carried a weighted average coupon of 6615%, down from 707% a year ago and 6706% for the 38 conduit deals that priced in all of... The volume of CMBS loans that are more than 30 days late with their payments increased in March by $246 billion, or 67%, to $3926 billion The culprit: the apartment...

1 week ago | crenews.com | Orest Mandzy

Commercial Real Estate Direct Staff Report The SL Green Realty Corp venture that owns the 166 million-square-foot 1515 Broadway office property in midtown Manhattan had ponied up $20 million of fresh equity to earn a term extension of the...

1 week ago | crenews.com | Orest Mandzy

LJL Realty has paid $44 million, or $23157/sf, for Hazlet Town Center, the 190,000-square-foot shopping center in Hazlet, NJ The Hackensack, NJ, investor acquired the property from Onyx Equities of Woodbridge, NJ, which had purchased it in 2016,...

1 week ago | crenews.com | Orest Mandzy

Commercial Real Estate Direct Staff Report Bath & Body Works is vacating the 50,000 square feet of office space it occupies at 503-511 Broadway in the SoHo section of Manhattan when its lease expires next February The mixed-use property...

1 week ago | crenews.com | Orest Mandzy

Commercial Real Estate Direct Staff Report The One California Plaza office property in Los Angeles, whose $300 million CMBS loan had matured last November, has been re-appraised at a value of only $1212 million The property, owned by a venture led...