CMBS
Life After Amazon for Long Island City’s One Court Square
Ratings agency DBRS’s new report forecasts outcomes for the property in light of a looming $315 million loan maturity and the 1 million-square-foot vacancy that the e-commerce giant had planned to fill.
Shopko Outlines Post-Bankruptcy Footprint
Despite substantial store closures before the Chapter 11 filing, the restructured retail chain will maintain locations in 11 states, while its portfolio will drop to less than half of its previous size.
NorthMarq Names DC Managing Director
Jason Smith has been with the company since 2003. Prior to this, he has worked at Legg Mason Real Estate Services.
Santa Monica Retail Receives $10M Refi
NorthMarq’s Los Angeles office secured the permanent fixed-rate loan through a CMBS lender. The approximately 16,000 square feet retail space is located in the city’s shopping district.
How Will the California Wildfires Impact CRE?
DBRS’ Gwen Roush and Seth Weissman of Jeffer Mangels Butler & Mitchell address the impact of such disasters on property owners, lenders and insurers.
Meridian Arranges $18M Acquisition Loan for PA Shopping Center
Meridian secured a CMBS loan for the buyers. The acquisition includes a 16-acre empty lot located behind the shopping center, which will be used for future development.
Nearly $1.5B in CMBS Possibly at Risk from Hurricane Florence
Morningstar Credit Ratings has identified more than 180 securitized commercial mortgages on properties in North Carolina counties that have been declared disaster areas because of the storm.
KeyBank Provides $27M Loan for CA Retail Asset
The owner of the Enos Ranch Center, an approximately 119,800-square-foot shopping center in Santa Maria, used the funds to refinance an existing construction loan on the property.
TS Partners Lands $23M Loan for TX Office Park
Meridian Capital Group arranged the 10-year CMBS loan on behalf of the firm for Cedar Ridge Office Park in Southlake, which comprises 129,000 square feet.
Nashville CBD Office Tower Fetches $44M
A CBRE Capital Markets team facilitated the disposition of 4th & Church on behalf of seller Albany Road Real Estate Partners.