Ladder Capital Corp, which like other mortgage REITs was hammered by the coronavirus pandemic, prompting it to sharply reduce its lending activity, has started lending once again The company has nearly $300 million of fixed- and floating-rate loans...
Orlando Business Journal A foreclosure suit has been filed against the owner of the Florida Hotel & Conference Center in Orlando, Fla Tantallon Orlando LLC owns the 511-room property, at 1500 Sand Lake Road, which serves as collateral for $40...
Crain’s New York Business A venture of Savitt Partners and French billionaire Marc Ladreit de Lacharriere has sued Italian clothing company Valentino, claiming it is owed $207 million for a broken lease and damages at 693 Fifth Ave in...
Dallas Morning News Harwood Center, a 723,963-square-foot office property in Dallas, is scheduled to be sold at a March 2 foreclosure auction Fortis Property Group of New York previously had owned the 36-story building, at 1999 Bryan St, which...
A venture of Bay West Development of San Francisco and Forum Investment Group of Glendale, Colo, has acquired the Fireman's Fund office complex, with 710,330 square feet in northern California, finally resolving what had been $1903 million of CMBS...
Commercial Real Estate Direct Staff Report Macerich Co has managed to negotiate a one-year extension of the $2603 million CMBS loan against its Green Acres Mall in Valley Stream, NY The loan, securitized through COMM, 2013-GAM, was slated to mature...
Commercial Real Estate Direct Staff Report Square One Mall, a 928,667-square-foot enclosed retail property in the Boston suburb of Saugus, Mass, has had its appraised value slashed by 75 percent, to only $505 million The latest appraisal,...
Commercial Real Estate Direct Staff Report The volume of CMBS loans in special servicing declined again in January, to $525 billion from $5295 billion a month earlier, according to Trepp LLC While the decline was small – 085 percent – it...
The Real Deal Stawski Partners has settled a dispute with Gap over unpaid rent at the clothing retailer’s store at 1212 Sixth Ave in Manhattan The New York investment firm, which owns the building, had filed a lawsuit in the Southern District...
