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Third Point LLC is said to have acquired the distressed $59.15 million loan against Building 1 of the 777 Scudders Mill Road office complex in Plainsboro, N.J. The New York investment manager bought the loan from Bear Stearns Commercial Mortgage ...
Commercial Real Estate Direct Staff Report The largest remaining loan in the collateral pool for Bear Stearns Commercial Mortgage Securities Corp., 2007-PWR15, is now classified as being in foreclosure. The loan, with a balance of $59.2 million, is backed by ...
Commercial Real Estate Direct Staff Report The $173 million of CMBS financing against Bristol-Myers Squibb Co.'s Plainsboro, N.J., office campus has fallen 30-days late. That's not a surprise given that the pharmaceutical company previously had said it would be vacating ...
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