Trepp
Hudson Pacific Shuns Equity at $8.76 a Share, Bets on JVs and Buybacks to Clear $550MM of 2027-2028 Notes
Hudson Pacific Properties told analysts on its Nov. 5 earnings call that it will not issue stock to meet $550 million of senior...
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...
Higher-for-Longer Rates Are Choking Apartment Supply, Setting Up a Multifamily Rent Rebound Before 2030
Federal Reserve rate hikes have cut U.S. apartment construction starts roughly in half while renter demand keeps running hot, a mismatch that rental...
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...
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...
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...
Bridge Debt Moves From Stopgap to Primary Structure as $875B in CRE Loans Mature
With permanent lenders selective and $875 billion in commercial mortgages coming due, sponsors are routing transitional deals to debt funds offering speed, flexibility...
Hilton Scotts Valley Sees 27% Value Cut as $21.7MM CMBS Loan Defaults at Maturity
The 178-room hotel in the Santa Cruz Mountains has struggled to cover debt service for much of the past decade, and its loan...
Rialto Capital Pursues Foreclosure on 35,000 SQFT Mixed-Use Building at 580 Market in San Francisco After $15.7MM Loan Default
Special servicer targets early Q3 2026 completion after Paragon Co. affiliate defaulted on $15.7 million CMBS loan that matured in June 2025, as...
CIM Group Faces Default on $61.5MM Loan for 55 Hawthorne in San Francisco
Los Angeles-based real estate investment firm CIM Group now confronts the possibility of losing control of a San Francisco office tower after lenders...
CMBS Delinquencies Push to 7.46% Overall as Office Market Hits a Record 11.76%
All major property types see rising stress in October, with multifamily topping 7 percent for the first time since 2015 The latest readout...
Why CRE Experts Say the Looming $1.26 Trillion Debt Wall Can Be Scaled
By Kidder Mathews Roughly $1.26 trillion in commercial real estate loans are set to mature through 2027. Most originated in the mid-2010s, when rates averaged between...
