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Home > Brookfield Exercises Option to Further Extend CMBS Loan on 2 Shopping Malls
The 126 million-square-foot office property at 280 Park Ave in midtown Manhattan has had its appraised value reduced to $103 billion from $185 billion in 2017 The property's owner, a venture of SL Green Realty Corp and Vornado Realty Trust, only...
Commercial Real Estate Direct Staff Report The 69,392-square-foot office building at 379 West Broadway in Manhattan’s SoHo area lost WeWork Inc as a tenant in March That would reduce the building’s occupancy rate to 13 percent, putting...
Crain’s Chicago Business Next Realty is offering for sale Lincolnshire Commons, a 133,024-square-foot retail center in Lincolnshire, Ill, about 32 miles north of Chicago The Skokie, Ill, company has hired JLL to market the property, which it...
Commercial Real Estate Direct Staff Report The Herald Center mixed-use property, with 249,063 square feet in Manhattan, has had its appraised value lowered by 52 percent to $276 million That’s just $31 million more than is owed against the...
Commercial Real Estate Direct Staff Report The $1685 million CMBS loan against the 536,520-square-foot office property at 522 Fifth Ave, which hasn’t received a payment since January, has transferred to special servicing In addition, the...
Commercial Real Estate Direct Staff Report Procaccianti Hotel REIT Inc has lined up $2367 million of financing from Liberty Bank, allowing it to refinance a pair of CMBS loans totaling $2303 million against a pair of its hotels, in St Petersburg,...
Commercial Real Estate Direct Staff Report The 740,387-square-foot office building at 1440 Broadway in midtown Manhattan has had its appraised value lowered to $320 million as of last month, from the $540 million value pegged to it three years ago,...
Commercial Real Estate Direct Staff Report The $8724 million CMBS loan against Equitable Plaza, a 688,292-square-foot office property in Los Angeles, has been sent to special servicing as it’s not expected to be paid off when it matures next...
Commercial Real Estate Direct Staff Report The $215 million loan against a portfolio of three Oklahoma hotels with 320 rooms has transferred to special servicing as it had defaulted at its maturity last month The transfer, to special servicer LNR...
Commercial Real Estate Direct Staff Report The Oglethorpe Mall in Savannah, Ga, has been re-appraised at a value of $1297 million, just less than the $13328 million that is owed against it Its indebtedness is split into two pieces, with a $7997...
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© 2023 Commercial Real Estate Direct All rights reserved..
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