CMBS
Virginia Storage Facility Receives $12M Financing
Working on behalf of Compson Development, Talonvest Capital arranged the loan to refinance a 599-unit storage property.
Los Angeles Retail Center Scores $18M Refi
The new CMBS loan will retire a 6-year-old note from Sun Life Financial.
West Palm Beach Retail Asset Sells for $24M
Kohl’s and Dick’s Sporting Goods are the long-term anchor tenants of the 200,000-square-foot property.
Thor Equities Inks Manhattan Retail Lease
Club Monaco will occupy nearly 13,000 square feet at The Scribner Building on Fifth Avenue.
Tampa-Area Office Campus Changes Hands
Transwestern advised LNR Partners in the $9 million sale of an eight-building value-add asset in New Port Richey.
CRE Lending Picks Up Speed
A midyear update on financing trends from CBRE Capital Markets. Brian Stoffers, global president of debt and structured finance, weighs in.
Inland Empire MOB Lands Refi
The new mortgage pays down a previous $2.5 million CMBS loan on the 30,192-square-foot Class B property in Bermuda Dunes, Calif.
Will Manhattan’s Office Challenges Hit CMBS Assets?
Kroll Bond Rating Agency’s new report evaluates the exposure of $25.3 billion of Midtown Manhattan office assets to issues facing the submarket.
Only Ripples Likely From Next CMBS Maturity Wave
A new Morningstar report indicates that relative to the last big surge of maturities, between 2015 and 2017, the upcoming one will see a higher rate of on-time payoffs.
Morningstar CMBS Outlook Suggests Soft-ish Landing
The ratings agency’s latest quarterly report cites multiple reasons why a CRE crash like the Great Recession’s does not seem to be in the cards.