Boston HeraldLenders have taken the 532,135-square-foot Westgate Mall in Brockton, Mass., after foreclosing on the property's $49.9 million of debt. A $29.3 million piece of the debt was securitized through Banc of America Large Loan Inc., 2004-BBA4. It matured last ...
Commercial Real Estate Direct Staff Report The 532,135-square-foot Westgate Mall in Brockton, Mass., which is owned by the ailing Australian investment manager Babcock & Brown, is scheduled to be sold at a Nov. 18 auction.The 49-acre retail property near Route ...
HEI Hotels & Resorts has paid about $50 million for the Marriott Austin, a 365-room property in Austin, Texas. The property was purchased from an affiliate of Apollo Real Estate Advisors.HEI, a Norwalk, Conn., investment manager, said it plans to ...
The securitized piece of a $111 million mortgage on a portfolio of apartment properties has been moved into special servicing because of a decline in collateral performance. But the loan is senior to $50.5 million of debt, giving it plenty ...
Fitch Ratings last week upgraded five classes of Banc of America Large Loans Inc., 2004-BBA4, because of a substantial reduction in the deal's collateral balance.With the pending repayment of a fourth loan, the deal's balance would be $750.2 million, compared ...
The owners of a 12-story trophy office building at 1350 Eye St., N.W., in Washington, D.C., have hired Holliday Fenoglio Fowler to market a majority stake in the property. The owners also are looking for roughly $125 million of financing ...
November 22, 2004 Class Amt $mln Sub Level% Avg Life (yrs) Rating S&P Rating Fitch Rating Moody's Price Talk (bp) Final Pricing (bp) Bnch mark A-1 587.53 35.60 1.64 AAA AAA Aaa +11-12 +12 Libor A-2 146.88 19.50 2.14 AAA ...
November 18, 2004 Class Amt $mln Sub Level% Avg Life (yrs) Rating S&P Rating Fitch Rating Moody's Price Talk (bp) Bnch mark A-1 587.53 35.60 1.64 AAA AAA Aaa +11-12 Libor A-2 146.88 19.50 2.14 AAA AAA Aaa +16-17 Libor ...
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© 2023 Commercial Real Estate Direct All rights reserved.