#cmbs-default

[ follow ]
#commercial-real-estate #office-leasing #property-receivership #office-real-estate-distress
Real estate
fromtherealdeal.com
4 days ago

Will new tenant be enough to keep receiver away from Realty Bancorp Equities portfolio?

A 23,000-square-foot lease at 29899 Agoura Road brings over $7 million but may be insufficient to offset a roughly $72 million CMBS default tied to the Kravetz portfolio.
Real estate
fromtherealdeal.com
1 month ago

Will Wells Fargo corner Kravetz on San Fernando Valley portfolio?

Norman Kravetz defaulted on CMBS tied to a five-office, 346,800-square-foot portfolio, facing receivership as loans far exceed current asset value.
[ Load more ]