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Commercial Real Estate Direct Staff Report The owner of the 2.78 million-square-foot Aon Center office property in downtown Chicago has indicated it won't be able to retire the property's $536 million loan at its maturity this summer. As a result, ...
The Real Deal Group RMC, owner of the 1.1 million-square-foot Westbrook Corporate Center in suburban Chicago, has been hit with a foreclosure suit. The suit, filed last week in Cook County, Ill., Circuit Court, alleges that the New York company ...
Berkadia has provided $157 million of Fannie Mae financing to facilitate the purchase of the Mason at Van Dorn, a 1,180-unit apartment property in the Washington, D.C., suburb of Alexandria, Va. The property, constructed in 1963 and 1967, was purchased ...
Fitch Ratings has downgraded two classes of COMM, 2018-HOME, which holds a $120 million piece of the $550 million financing package against the 1,254-unit Gateway apartment property in San Francisco. The rating agency noted that cash flow at the four-building ...
Class Amt $mln Sub Level% Avg Life (yrs) Rating S&P Rating Fitch RatingDBRS Pricing % Yield% Final Pricing (bp) Bnch mark A-1 22.57 30.00 2.72 AAA AAA AAA 99.999 3.098 +28 swaps A-2 137.06 30.00 4.73 AAA AAA AAA 102.998 ...
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