CMBS
Appraisal Cuts S2 Capital’s 720-Unit The Kace in Grand Prairie to $82.9MM, Down 47% From 2022
A fresh appraisal pegs S2 Capital's 720-unit The Kace apartment community in Grand Prairie at $82.9 million, roughly $72.5 million below its 2022...
Blackstone’s $518MM Blackjack Portfolio Loan Hits Special Servicing, Putting 352-Unit West Oaks in San Antonio on the Block
The $1.3 billion Blackstone CMBS loan behind the 21-property Blackjack Portfolio has transferred to special servicing after missing its October maturity, leaving North...
$73MM Loan on 341,000 SQFT Vintage Park Lifestyle Center Lands in Special Servicing After Missed Maturity in Houston
A decade after UBS financed it, the debt behind Northwest Houston's Italian-styled Vintage Park lifestyle center has failed to pay off at maturity,...
CMBS Trust Takes Back 844,000 SQFT 2100 Ross Tower in Downtown Dallas Over $78MM Loan
Certificate holders in Morgan Stanley Capital I Trust 2016-UBS9 have taken control of 2100 Ross, the 33-story tower at the edge of the...
Trepp Analysts Split on Austin Apartment Bottom as Sun Belt Debt Stress Outpaces West
Two of Trepp's top analysts disagreed on whether Austin's battered apartment market has hit bottom, even as the firm's data showed Sun Belt...
Regent Properties Lands $406MM Refinancing on 1,200,000 SQFT Trammell Crow Center as Goldman Sachs Eyes the Exit
Los Angeles-based Regent Properties has refinanced downtown Dallas' 50-story Trammell Crow Center with a $406 million CMBS loan, putting fresh equity into the...
Farmers Branch Office Tower’s Value Plunges 74% to $12MM as Lender Seizes 295,000 SQFT 4455 LBJ Freeway
A suburban Dallas office building has lost nearly three-quarters of its appraised value since 2016, and the bondholders who financed it now own...
Pacifica Hosts’ 323-Room Holiday Inn Austin-Town Lake Enters Special Servicing on $26MM CMBS Loan
A 323-room downtown hotel on the shore of Lady Bird Lake has slipped into special servicing after its debt-service coverage nearly evaporated, marking...
Houston’s Waterford Grove Apartments Loses One-Third of Value as $60MM CMBS Loan Enters Special Servicing
A newly issued loan on a Houston apartment complex has already surrendered nearly a third of its appraised value, becoming the latest casualty...
