The Real Deal Downtown Capital Partners had partnered with Alfred Weissman Real Estate Inc to resolve what had been an $1895 million CMBS loan against what is now 100 Hillside Ave, a 127,325-square-foot office building in White Plains, NY The loan...
A first round of bids have been turned in for the $9452 million CMBS loan against the Emerald Square Mall in North Attleboro, Mass, and the buzz is that they're in the $25 million range The talk is that a best-and-final round of bids is scheduled...
The $1895 million CMBS loan against 150 Hillside Ave, a 127,325-square-foot office property in White Plains, NY, has been resolved in an unusual manner: The vacant collateral property's owner bought it The deal resulted in a 7512 percent loss to the...
Crain’s New York Business Watermark Lodging Trust plans to sell its Holiday Inn Manhattan Sixth Avenue Hotel, with the hope that a buyer would assume a $7072 million securitized loan against the 226-room property Watermark’s plans were...
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...
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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