Trepp Warns 75% of Maturing Class A Office CMBS Loans May Need Fresh Equity
Summary: Trepp’s October 26 quarterly review says 75% of maturing Class A office CMBS loans would need additional equity to refinance at current rates, with $22.2 billion of office debt facing hard maturities in 2027. The commercial property market is showing...
Buyer Acquires $290 Million Loan on Downtown Los Angeles Office Tower at Discount
An affiliate of Kam Sang Company has acquired a loan secured by one of downtown Los Angeles’s largest office towers at a discount, another sign of the repricing underway in buildings that have struggled to fill space since the pandemic. New Age 355 LLC bought...
Southern California Owner Refinances 1,461 Apartments With $95.8 Million in Voya Loans
A long-established Southern California apartment owner has refinanced six properties with $95.8 million in debt from Voya Investment Management, using separate loans rather than one cross-collateralized mortgage across the portfolio. E&S Ring owns and operates the...
Prologis Fills 266,000-Square-Foot Seattle-Area Warehouse With Manufacturing Tenant
A manufacturer has leased an entire 265,922-square-foot warehouse near Seattle-Tacoma International Airport, bringing Prologis’s industrial holdings in the Des Moines Creek corridor to full occupancy, according to the leasing broker. Newmark announced the...
Recent Posts
First Mid to Acquire Evergreen Bancshares in $70.7 Million Regional Bank De…- Forestar Revenue Falls 13% as Builder Caution Clouds 2027 Outlook
- KKR Real Estate Finance Trust Reports $152 Million Distributable Loss as Lo…
- Appleton Leads Fall Housing-Market Ranking as Midwest Affordability Draws B…
- Los Angeles County Rents Fall 3.6%, but Buying Costs $4,716 More Each Month
