CMBS

The owner of the MacArthur Center Mall in Norfolk, Va., has defaulted on a $750 million loan which includes the property as collateral.

DBRS Morningstar's presale report raises concerns that the securitized loan for Onni Group's Wilshire Courtyard faces considerable risks from the business volatility of its largest tenant.

The 52-story structure designed by postmodern architect Philip Johnson is backing a portion of a loan to Beacon Capital Partners for a cash-out refinancing of existing debt.

Blackstone Real Estate Partners is planning a $1.7 billion bond sale secured by a commercial mortgage loan that financed its newly acquired controlling interests in Great Wolf Lodge waterpark entertainment resort properties.

REIT Paramount Group is getting a $140M equity pay-out in a debt refinancing for the noted Broadway Theater district office tower, home to the Gershwin Theater and several prominent tenants.

The percentage decline is attributed mostly to an $8 billion October surge of new commercial-mortgage securitization activity, rather than improving performance of legacy assets.

According to presale reports, Ohana Real Estate Investors is sponsoring a $370 million bond sale backed by an interest-only, floating-rate loan financing its purchase of the Monarch Beach Resort in Dana Point, Calif.

The latest deal, WFCM 2019-C54, involves 44 loans secured by 88 properties, with a heavy exposure to office (32%), multifamily (21.1%) and retail (17.9%) properties.

Developer Stephen Ross' firm is among a trio of sponsors securitizing part of a $1.245 billion loan for another office tower development in New York's Hudson Yards submarket.

Blackstone Real Estate Partners is securitizing a new $343 million commercial mortgage that financed the parent firm’s recent acquisition of a portfolio of Southern California apartments.