Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc., whose portfolio of secondary market shopping centers were ailing even before the coronavirus pandemic struck, has put together a plan to sharply reduce its indebtedness in an evident prepackaged ...
Commercial Real Estate Direct Staff Report The $27.4 million CMBS loan against the Hickory Point Mall in Forsyth, Ill., has been sent back to special servicer C-III Asset Management because it's expected to default. The loan, securitized through Bear Stearns ...
Commercial Real Estate Direct Staff Report The AT&T corporate campus in the Chicago suburb of Hoffman Estates, Ill., has been appraised at a value of $49.5 million. That compares with the $113.7 million balance for the CMBS financing against the ...
Crain's Chicago Business U.S. Bank has filed a $131.8 million foreclosure suit against the owner of the 1.7 million-square-foot former AT&T corporate campus in Hoffman Estates, Ill. Highlands REIT owns the vacant property, which backs a total of $115.8 million ...
Commercial Real Estate Direct Staff Report The 1.7 million-square-foot AT&T corporate campus in Hoffman Estates, Ill., might be worth only $49 million, according to analysis by Morningstar Credit Ratings. If that's the case, the two CMBS deals that hold a ...
Commercial Real Estate Direct Staff Report The $115.8 million of CMBS debt against the AT&T corporate campus in suburban Chicago has transferred to special servicing because it's expected to default. The financing is comprised of a $59.1 million loan that's ...
The $184.4 million of CMBS financing against a portfolio of eight shopping centers with 1.6 million square feet in Ohio and Indiana has transferred to special servicing because it's expected to default. The financing, comprised of two loans, matures in ...
Credit Suisse's Column Financial lending operation has written a $250 million mortgage against the SoHo Grand and Tribeca Grand, a pair of boutique hotels in lower Manhattan. The new financing is being used to defease, or replace with government securities, ...
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© 2023 Commercial Real Estate Direct All rights reserved..