Bloomberg Name: CGCMT 2016-P3

Prime Finance has provided $24 million of mortgage financing against the 167-room Cedarbrook Lodge in Seattle. The floating-rate loan, with a term of up to five years, was arranged by Sonnenblick-Eichner Co. on behalf of the property's owner, Wright Hotels ...

Commercial Real Estate Direct Staff Report Goldman Sachs has provided $75 million of fixed-rate financing for the 341-room Marriott Monterey hotel in downtown Monterey, Calif. Sonnenblick-Eichner Co. arranged the latest loan, which allowed the property's owner, investor group San Carlos ...

Commercial Real Estate Direct Staff Report Brookfield Properties has lined up $800 million of fresh mortgage financing against the leasehold interest in the 2.43 million-sf 225 Liberty St. office property in Lower Manhattan. The loan, which is being securitized through ...

Commercial Real Estate Direct Staff Report The $260 million CMBS loan against the 5 Penn Plaza office building in midtown Manhattan has been extended by two years through January 2028. The loan, which initially matured this month, transferred to special ...

Commercial Real Estate Direct Staff Report The $260 million CMBS loan against the 650,329-square-foot 5 Penn Plaza office building in midtown Manhattan, which has suffered a drop in cash flow, has transferred to special servicer Wells Fargo Bank. The loan ...

The following story was edited to correct the size of the reserve account held against the loan. It previously was overstated. Commercial Real Estate Direct Staff Report Alliance University, the former Nyack College, which occupies 166,385 square feet of space ...

  Commercial Observer Savanna has recapitalized the 1.4 million-square-foot One Court Square office building in Queens, N.Y., allowing it to retire $315 million of mortgage debt against the property. Apollo Global Management provided a $580 million senior loan, while SL ...

Crain's New York Business Altice USA is said to be in talks to lease more than 100,000 square feet of space at One Court Square, a 1.4 million-square-foot office property in Long Island City, N.Y., that's fully leased to Citibank ...