Surging yields bring biggest spate of debt sale delays this year
Morgan Stanley this month has struggled to attract demand for a $301 million commercial real estate bond tied to a data center in Kansas City.
CMBS
BlackRock related trust offers $1.1 billion in CMBS
The pool is primarily composed of multifamily mortgages, but includes a range of properties, and one third of the pool structured with future funding.
Oakbrook Center, outside Chicago, to support $800 million in CMBS
The trust has a loan-to-value ratio of 56.2%, based on the rating agency's net cash flow (NCF) of the assets and a capitalization rate of 6.00%.
Pimco faces AAA debt loss after 85% writedown of office complex
Appraised for $471 million in 2019, a judge last month approved the sale of the complex for $70 million clearing the way for the deal to close in the coming weeks.
Chicago dual-tower office complex secures $340 million in CMBS
At 2.5 million square feet, The Franklin has a NOI of $45 million and a rating agency cap rate of 9.75%.
Newly redeveloped Elk Grove data center anchors $375 million CMBS deal
The securitization is backed by a 174,000-square-foot, 30-megawatt hyperscale data center in Elk Grove Village near Chicago.
CHI 2026-FRKLN seeks to raise $340 million backed by office towers
The transaction's pool includes roughly 2.4 million square feet of office space, or 94.6% of the total, on the first through 60th floors.
Multifamily portfolio backs $665 million CMBS deal
The $665 million loan is secured by close to 4,000 multifamily units across five states. California properties account for over half of the portfolio's value.
Velocity’s small-balance commercial helps back $175 million
The deal will raise about $175 million in securitized bonds, backed by a pool of residential investors loans (42.1%) and traditional small-balance commercial (SBC) mortgages.
Twenty Reed Smith attorneys stage mass exodus to Benesch
The group is planting a flag for a new structured finance platform and real estate finance team in Miami and is expected to also strengthen Benesch's New York presence with two partners.
Data center refinance supports $520 million in CMBS
The data center is fully leased and is completely occupied by a single hyperscale tenant, which has an AA-' rating, under a long-term lease agreement.
Commercial and multifamily mortgages cross $5 trillion outstanding
The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
CRE refinancings hold up as some asset classes struggle
Refinancing activity continues to build on last year's momentum, despite some divergence among property types.
TowerPoint Fixed Rate Secured Cellular raises $386 million
Any additional securities that the transaction issues will rank equally with the class that has the same class designation.
Leases in Boston’s Lyrik to support $360 million in CMBS
A five-year-loan is financing Lyrik, a 495,275-square-foot, 20-story office tower, plus 38,012 square feet of retail space in Boston's Back Bay area, a premiere office submarket.
Basel III proposal could boost CMBS demand
Basel III recalibration cuts commercial real estate risk weights, unlocking $100 billion in bank lending capacity.
BX 2026-ALOHA issues single-borrower $1.2 billion, CMBS deal
The mortgage's proceeds, with $518 million of cash equity contributed by the sponsor, will also be used to buy Hawaii-based Alexander & Baldwin, a commercial property REIT.
Wells Fargo raises $586.3 million in commercial mortgage conduit
Classes A through SB will receive principal until the balance is reduced to its intended level, then tranches A1, A4, A5 and A-SB certificates will receive principal payments sequentially.
Liberty Street tower to secure $800 million in CMBS
The SASB refinances a $900 million whole loan securitized through LBTY 2016-225L, for renovations and modernizations.
ARES sells $430 million in a single-asset, single-borrower deal
The loan is expected to have an initial term of two years, with the potential three, 12-month extensions.
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