Crain’s New York Business Wells Fargo Bank has filed to foreclose against a $112 million mortgage against the former Bossert Hotel in the Brooklyn Heights section of Brooklyn, NY In a suit filed in Kings County, NY, Supreme Court, the bank...
BH Properties has taken Plaza Centro I, a 283,454-square-foot retail center in Caguas, Puerto Rico, through foreclosure The Los Angeles opportunistic investor last October had purchased a $2358 million defaulted loan against the property, at 200...
Commercial Real Estate Direct Staff Report Efforts to take the 1,639-room Palmer House Hilton hotel in Chicago through foreclosure are progressing The 97-year-old hotel, at 17 East Monroe St, is encumbered by a total of $4275 million of debt,...
Crain’s Chicago Business Brookfield Properties has turned over Water Tower Place, an 818,000-square-foot shopping mall along Chicago’s Magnificent Mile, to its lender The property, at 845 North Michigan Ave, serves as collateral for a...
Crain’s New York Business The Blue Moon Hotel on Manhattan’s Lower East Side has been thrown into bankruptcy The 22-room property, which went on sale in August 2014 for $19 million, is owned by an affiliate of Randy Settenbrino, who is...
Commercial Observer Blackstone Group is said to be transferring 1740 Broadway near Manhattan’s Times Square to the CMBS trust that holds a $308 million mortgage against the 601,000-square-foot office building The loan, securitized through BWAY...
A venture of Zeckendorf Development and Stahl Organization has purchased the 61-unit Hayworth Condominium residential property on the Upper East Side of Manhattan The venture bought the property, at 1289 Lexington Ave, through a foreclosure...
Crain’s Chicago Business Hilton Worldwide has terminated its management agreement with Conrad Chicago, a 289-room hotel at 101 East Erie St in Chicago that is facing a foreclosure lawsuit The brand partner decided to leave after the...
SILivecom Goldman Sachs Urban Investment Group and Sterling National Bank, which had provided senior financing against the Empire Outlets in Staten Island, NY, have filed a consensual foreclosure agreement with the owner of the 340,000-square-foot...
Commercial Real Estate Direct Staff Report Rialto Capital Advisors is considering pursuing foreclosure of the $136 million mortgage against Poughkeepsie Galleria, a 12 million-square-foot enclosed shopping mall in the city of Poughkeepsie in New...
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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