Commercial Real Estate Direct Staff Report The $175 million CMBS loan against the Waterford Lakes Town Center retail property in Orlando, Fla, has transferred to special servicer KeyBank because of an expected non-monetary default The loan,...
Washington Business Journal The 261,360-square-foot office building at 1500 Wilson Blvd in Arlington, Va, is being offered for sale at a foreclosure auction that’s scheduled for tomorrow The auction will be held outside the Arlington County,...
South Florida Business Journal Cirrus Real Estate Partners has provided $90 million of fresh debt to the developer of the 62-story One Thousand Museum residential condominium property in downtown Miami A venture led by developer Gilberto Bomeny...
Commercial Real Estate Direct Staff Report Washington Prime Group, which owns 101 shopping centers with 53 million square feet, has confirmed that it might need to file for bankruptcy The Columbus, Ohio, REIT has been hard hit by closures at its...
Commercial Real Estate Direct Staff Report The $77 million CMBS loan against the 453-room Westin Book Cadillac hotel in downtown Detroit could be on the road to foreclosure The loan is split into a $45 million piece that’s securitized through...
Crain’s New York Business Annaly Commercial Real Estate Group has sued the owner of Manhattan’s Andaz Hotel, alleging that it defaulted on a $55 million loan against the 253-room property In its suit, which was filed in Manhattan Supreme...
South Florida Business Journal The developer of the 84-unit One Thousand Museum luxury condominium complex in Miami has been hit with an $827 million foreclosure suit The suit was filed by Motcomb Estates against a venture led by developer Gilberto...
Orlando Business Journal A foreclosure suit has been filed against the owner of the 297-room Marriott Downtown Orlando hotel in that Florida city An entity affiliated with United Capital Corp of Great Neck, NY, owns the property, at 400 West...
The lender, which had provided $85 million of mezzanine debt against the equity in the seven select-service hotels, has taken over the properties They previously were owned by a venture of Hersha Hospitality Trust and Cindat Capital Management The...
South Florida Business Journal WPH Properties LLC has paid $4375 million, or about $231,481/room, for the Washington Park Hotel in Miami Beach, Fla The company, which owns Westime, a Beverly Hills, Calif, luxury watch store, bought the 189-room...
