Ahead of an expected round of tariffs on goods from China, Mexico and Canada, both the Port of Los Angeles and the Port of Long Beach experienced their busiest January on record. For the Port of Long Beach, January’s volume…
CMBS loan loss volume rose in January, with $246.9 million across 14 loans resolved for $167.0 million in total losses and an average loss severity of 67.63%. Trepp reported this was a significant uptick in loan loss volume from December,…
Stream Realty Partners has promoted Matt Asvestas to Managing Director of Office Leasing in its Houston office. In his new role, Asvestas will spearhead office leasing operations, oversee the firm’s training programs, and guide the team in pursuing new business opportunities….
January saw $834.0 million in CMBS loans resolved at a loss, with $382.3 million in losses total, carrying an average loss severity of 45.84% for the month, reported Trepp. This was an increase in loan loss volume from December 2023,…
The delinquency rate among U.S. CMBS climbed meaningfully in January from December, rising almost 10% to 4.61%, Kroll Bond Rating Agency (KBRA) reported. The total delinquent and specially serviced loan rate—i.e. the distress rate as measured by KBRA across its…
A nearly $1B Fifth Avenue sale and several midsized Midtown office leases were the highlights of the past week in New York City commercial real estate. TOP LEASES Fisher Brothers’ Park Avenue Plaza, located at 55 E. 52nd St., is…
Alterra Industrial Outdoor Storage acquired a 17-property portfolio through a process spearheaded by the CBRE capital markets team in Chicago. The TruGreen Portfolio includes 840 Commerce Parkway, a 22K SF property in Carpentersville The TruGreen Portfolio consists of properties totaling 350K…
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