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Commercial Real Estate Direct Staff Report The sale of the Acadiana Mall in Lafayette, La., resulted in a hefty $84.9 million loss to Banc of America Commercial Mortgage Trust, 2007-2, the CMBS trust that had held a $118.5 million loan ...
The Mall of Acadiana, which backs $118.5 million of legacy CMBS debt that had been in special servicing for nearly two years, has been sold to Namdar Realty Group, a Great Neck, N.Y., investor that has purchased other distressed retail ...
Special servicer CWCapital Asset Management is winding down Banc of America Commercial Mortgage Trust, 2007-2, having placed all of the deal's 11 remaining assets, with a balance of $172.8 million, up for sale through its RealInsight Marketplace. The transaction, issued ...
The $119.5 million loan is one of 11 left in the collateral pool of Banc of America Commercial Mortgage Trust, 2007-2, which originally had a balance of $3.2 billion and so far has suffered nearly $310 million of losses. The ...
Commercial Real Estate Direct Staff Report CBL & Associates Properties was unable to reach an agreement to modify the $121.9 million CMBS loan against the Mall of Acadiana in Lafayette, La. As a result, the CMBS trust that holds the ...
Commercial Real Estate Direct Staff Report The Mall of Acadiana, whose CMBS loan is in the process of being modified, has been re-appraised at a value of only $47.6 million. That compares with the property's $188 million appraised value ...
The following story has been edited. A previous version incorrectly indicated two additional anchors might be vacating. CBL & Associates said it "expects both stores to continue to operate as normal." Commercial Real Estate Direct Staff Report CBL & ...
Commercial Real Estate Direct Staff Report CBL & Associates Properties is in talks to possibly extend the term of the $124.7 million CMBS loan against its Acadiana Mall in Lafayette, La. The loan, securitized through Banc of America Commercial Mortgage ...
Commercial Real Estate Direct Staff Report Another CMBS loan against a mall owned by CBL & Associates Properties has transferred to special servicing because it's expected to default. This time, it's the $125.3 million mortgage against the Acadiana Mall in ...
A group led by PNC Bank has provided $174.7 million of financing against a portfolio of six retail properties with 1.5 million square feet in the Southeast. The portfolio is owned by DDRTC Core Retail Fund, a venture of TIAA ...
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