Commercial Real Estate Direct Staff Report The $52.3 million CMBS loan against the Military Circle Mall, an 858,174-square-foot shopping mall in Norfolk, Va., has been resolved through the sale of the collateral property for $11.3 million to the Norfolk Economic ...
Commercial Real Estate Direct Staff Report The $173 million of CMBS debt against the Design Center of the Americas mixed-use property in Dania Beach, Fla., has transferred to special servicing again as its extended maturity is just three months away ...
Commercial Real Estate Direct Staff Report Riverstone Group's $108 million purchase of the James Center office complex in Richmond, Va., resulted in a loss of $55 million to the two CMBS deals that had held a total of $150 million ...
Newburgh Mall, a 386,075-square-foot shopping center in Orange County, N.Y., some 60 miles north of Manhattan, has been listed for sale. The property, at 1401 Route 300 in Newburgh, N.Y., backs a $31.6 million CMBS loan that was securitized through ...
Richmond Biz Sense An unnamed buyer is under contract to acquire the James Center, a 974,268-square-foot office complex in downtown Richmond, Va., that serves as collateral for $150 million of CMBS debt. A $100 million piece is securitized through GMAC ...
LNR Partners has hired HFF to market for sale the James Center, a 974,268-square-foot office complex in downtown Richmond, Va., that had served as collateral for $150 million of CMBS debt that had defaulted early this year. The three-building complex, ...
Commercial Real Estate Direct Staff Report Special servicer CWCapital Asset Management has decided to initiate foreclosure proceedings against a $150 million CMBS loan that encumbers the 974,268-square-foot James Center office complex in Richmond, Va. The Bethesda, Md., special servicer had ...
Mesa West Capital has provided $130 million of financing against 1 Columbia Place, the former First Naional Bank Center, in San Diego. The five-year loan allowed the property's owner, Emmes Group of Cos., to retire a $98 million mortgage, a ...
Calmwater Capital, the former Karlin Real Estate Lending, has provided $26.2 million of financing against 1621 Barber Lane, a 181,800-square-foot research and development property in Milpitas, Calif. The loan was used by the property's owner, an affiliate of DR Stephens ...
Commercial Real Estate Direct Staff Report The 974,268-square-foot James Center office complex in Richmond, Va., that secures $150 million of CMBS debt has been appraised at a value of $136 million, according to a report on TreppWire. The three-building property ...
Banque J. Safra Sarasin has provided a $275 million loan against the 400,000-square-foot office and retail property at Union Station in downtown Washington, D.C. The mortgage retires a $50 million loan that was securitized through GMAC Commercial Mortgage Securities Inc., ...
Richmond BizSense The securitized debt against the 974,268-square-foot James Center office complex in Richmond, Va., has been transferred to special servicing after its largest tenant announced plans to move. Law firm McGuire Woods will vacate the 257,000 sf it occupies ...
Commercial Real Estate Direct Staff Report The $150 million CMBS loan against the James Center, a 974,268-square-foot office building in Richmond, Va., has been transferred to special servicer LNR Partners because it's expected to default. The loan's transfer was highlighted ...
Buffalo Business First IBM Corp. is taking 100,000 square feet at the Key Center, a 435,384-sf office building in Buffalo, N.Y., that backs $33.9 million of CMBS debt. The mortgage is securitized through GMAC Commercial Mortgage Securities Inc., 2004-C3. It ...
Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes GMAC Commercial Mortgage Securities ...
Commercial Real Estate Direct Staff Report Deutsche Bank has provided $300 million of floating-rate financing against 904,573 square feet of office and storage space at 731 Lexington Ave. in midtown Manhattan that serves as Bloomberg LP's headquarters. The loan is ...
Lone Star Funds has paid $38.9 million for Executive Centre in Springdale, Ohio, a three-building office park with 486,963 square feet, according to the Cincinnati Business Courier. The suburban Cincinnati property had been held as real estate owned by GMAC ...
Commercial Real Estate Direct Staff Report The Boulevard Mall, a shopping center in Las Vegas, has been appraised at a value of $52.8 million, which compares with the $97.1 million balance of a CMBS loan that had encumbered it. The ...
The following item has been edited to change the appraisal date to 2009. Vegas Inc. Midland Loan Services has placed the 1 million-square-foot Boulevard Mall in Las Vegas on the sales market. The property, which is being offered through CBRE, ...
Commercial Real Estate Direct Staff Report Invesco Real Estate is in the market to sell a 437,546-square-foot shopping center in Geneva, Ill., that backs $64 million of CMBS debt that matured last week. CBRE has the listing for the suburban ...
Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes CD, 2007-CD4 5,340.0 6,640.0 ...
Commercial Real Estate Direct Staff Report The $68 million of CMBS debt against the EverBank Center, a 956,201-square-foot office building in Jacksonville, Fla., has been modified after the property's owner paid down the loan by $11 million. In addition, owner ...
South Florida Business Journal Wells Fargo Bank has filed a foreclosure suit against the owner of the Marketplace at Hillsboro retail property in Coconut Creek, Fla. The 112,142-square-foot property at 4301 and 4589 West Hillsboro Blvd. is collateral for $10.1 ...
Colorado Springs Gazette The 244,000-square-foot Market Centre retail property in Colorado Springs, Colo., is in foreclosure. Colorado Market Center LP and MKA Properties LLC own the shopping center at 4302-4496 Austin Bluffs Parkway, which backs $19.4 million of debt that's ...
Commercial Real Estate Direct Staff Report Freddie Mac has launched marketing for a $1.2 billion securitization of apartment loans, the second involving mortgages with seven-year terms. The housing finance agency, which over the past 15 months has funded 70 percent ...
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved.