The lender holding the $100 million mezzanine loan backed by ownership interests in the Union Station mixed-use complex in Washington, DC, has acquired the securitized senior loan against the property The senior loan, which had defaulted last April,...
Taconic Capital has acquired the troubled $659 million CMBS loan against the Islandia Shopping Center for what is said to have been $577 million The sale leaves only two loans, with a balance of $1316 million, in the collateral pool of LB-UBS...
Hartz Mountain Industries in recent months had offered to pay off a troubled $80 million CMBS loan against its 358-room Sheraton Lincoln Harbor Hotel in Weehawken, NJ, only to have that bid rejected by the loan's special servicer It's now hired a...
Dornin Investment Group has purchased the $1856 million nonperforming loan against Campanile Plaza, a 445,000-square-foot office building in Atlanta’s Midtown market The Laguna Beach, Calif, investment manager bought the loan from Square Mile...
Opportunities to invest in distressed properties or loans, which generally have been elusive during the coronavirus pandemic, might finally be materializing Sales of distressed assets haven't materialized in part because of government rules that...
Kohan Retail Investment Group has purchased the distressed $627 million loan against the Burnsville Center shopping mall outside of Minneapolis The Great Neck, NY, company paid a total of $20 million for the loan, which was securitized through GS...
Taconic Capital Advisors has purchased the last two assets in the collateral pool of GE Commercial Mortgage Corp, 2007-C1 Those are the 428,629-square-foot 1111 Fannin St office building in Houston that the New York investor bought in a venture with...
Only $262 billion of commercial property sales took place in October, down 146 percent from the $307 billion of volume that took place in September and 522 percent from the $549 billion of deals that were recorded last October, according to Real...
Commercial Observer Hana Financial Investment is offering for sale two performing construction loans against hotel and office projects in Manhattan The Korean lender is looking to sell a $145 million loan against a 98-room hotel that Caspi...
Crain’s New York Business A New York State Supreme Court judge temporarily halted the auction of four junior mezzanine loans that CIM Group had provided against four residential condominium buildings in Manhattan The ruling came after HFZ...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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