CMBS
Macerich Narrows Q3 Loss to $16.7MM as 1,125,000 SQFT Washington Square Anchors Its Oregon Footprint
Macerich narrowed its third-quarter loss to $16.7 million as income at its keeper malls rose 4.7 percent, and its Pacific Northwest exposure, now...
Macerich’s 2026 Playbook Shows the Mall Market Splitting Into Trophies and Holdouts
Macerich's third-quarter results read like a field guide to the 2026 mall market, with the REIT buying malls again, swapping 6.6 percent mortgage...
Martin Selig Real Estate Restructures Nearly $500MM in Debt on 12 Seattle Office Buildings, Clearing Path Out of Receivership
Martin Selig Real Estate has completed loan modifications covering 12 Seattle office buildings and about 2.2 million square feet, including a Midland-serviced loan...
Portland’s Historic Hotel deLuxe Heads to Foreclosure as Appraisal Drops 66% to $16MM
Special servicer Rialto Capital Advisors has pushed the 130-room Hotel deLuxe in Portland's Goose Hollow neighborhood toward a foreclosure sale after a fresh...
Blackstone’s 432-Unit Ascent and Marlowe in Seattle’s South Lake Union Caught Up as $518MM Portfolio Loan Hits Special Servicing
Ascent South Lake Union and Marlowe, the 432-unit pair Blackstone bought for about $302.8 million in 2021, are now two of the last...
Clackamas’ 234-Unit Townhomes with a View Lands in Special Servicing as Expenses Squeeze $24MM CMBS Loan
A $24.1 million CMBS loan on NBP Capital's 234-unit Townhomes with a View in Clackamas, Ore., has moved to special servicer Rialto Capital...
Rialto Weighs Housing Sale for 289,000 SQFT Former Frontier Office Campus in Everett
Rialto Capital weighs a housing sale for the former Frontier office campus in Everett after its value fell from $38.6MM to $9.3MM.
Trepp: Seattle Office Slips, but Seattle Apartments and Portland Self-Storage Rank Among West’s Safest
Trepp analysts told a national webinar audience that Seattle's office market is weakening at the margins, even as the metro's multifamily loans and...
Seattle’s 1000 Denny Way Office Loan Heads to Special Servicing Ahead of 2027 Maturity
A $56 million loan secured by the 263,000-square-foot office building at 1000 Denny Way has landed in special servicing weeks before its February...
251-Key Embassy Suites Portland Airport Hits Special Servicing After Missing $49.7MM Loan Maturity
A 251-room airport hotel that its sponsor has quietly propped up for years finally ran out of runway at maturity, handing Rialto Capital...
Olympia’s Capital Mall Among Five in $437MM Starwood Portfolio Back in Special Servicing
Capital Mall in Olympia is one of five regional malls backing a $436.9 million CMBS loan that tumbled back into special servicing on...
Brookfield Lands $210MM Refinancing on Meta-Leased Bellevue Offices as KBRA Values 543,000 SQFT Complex 33% Below Appraisal
Brookfield Premier Real Estate Partners is refinancing two Spring District office buildings fully leased to Meta with $210 million in new CMBS debt,...
