CMBS
Macerich Defaults on $325MM Loan at 969,000 SQFT Fresno Fashion Fair, a Mall It Still Plans to Keep
Macerich has defaulted on the $325 million loan backing Fresno Fashion Fair after the decade-old, 3.67 percent debt matured Nov. 1, putting one...
225 Bush CMBS Loan Liquidates With $139.6MM Loss After Flynn’s $221MM Note Buy of 581,000 SQFT San Francisco Tower
The $350 million CMBS loan on 225 Bush St., the century-old former Standard Oil headquarters in San Francisco's Financial District, has been fully...
Silicon Valley Office Splits in Two as CMBS Delinquency Hits 12.16% and a $208.9MM Local Loan Sours
Even as Silicon Valley's office leasing rebound gathers pace, rising loan distress, a 10-year Treasury above 5.2 percent and tighter lending terms are...
Seven Equity Group Selected to Buy Shuttered 1.5MM SQFT San Francisco Centre
New York-based Seven Equity Group, a specialist in repositioning distressed retail, has been selected to buy the vacant San Francisco Centre on Market...
CMBS Investors Take Total Loss on $48MM Loan as 103,000 SQFT of San Francisco’s 1155 Market Sells for $8MM
The $48 million CMBS loan on the lower eight floors of 1155 Market Street has been liquidated with nothing returned to principal, after...
Rialto Takes Back 35,000 SQFT 580 Market St. Office After Paragon’s $17.5MM Debt Goes Unpaid
Paragon Company paid about $690 per square foot for the 1907-built Market Street building in 2015. It has now been appraised at about...
Trepp: Parkmerced Skews San Francisco’s Multifamily Risk as AI Fuels Nation-Leading Rent Growth
A new Trepp risk ranking puts San Francisco near the top of the West's most stressed multifamily markets, but the firm's own analysts...
Flynn Properties Takes 585,000 SQFT 225 Bush via Deed in Lieu After $221MM Loan Buy in San Francisco
Flynn Properties has now bought both 225 Bush St. and Market Center by acquiring the loan and taking a deed in lieu, getting...
Cardea Health Buys 286-Room Radisson Hotel Oakland Airport for $15.5MM
A homelessness-focused nonprofit buys the distressed Radisson Hotel Oakland Airport for $15.5MM out of receivership, picking up a conversion plan the prior owner...
CIM Group’s 165,000 SQFT Central Tower Heads to Foreclosure in San Francisco After $98MM Default
A freshly recorded appraisal reduction and a slide past 121 days delinquent have deepened the distress at the historic Central Tower, where special...
Blackstone Mortgage Trust Lists 686-Key Hyatt Regency SoMa in San Francisco as Part of Portfolio Overhaul
Blackstone Mortgage Trust launches sale of San Francisco's 686-key Hyatt Regency SoMa as part of a broader portfolio overhaul.
Liquidity Roars Back to Bay Area Debt Markets as Office Lending Returns, Newmark’s Daya Says
The question haunting commercial real estate borrowers two years ago has been answered, and the debt markets that froze after a wave of...
