Bloomberg Name: COMM 2014-UBS3

The investor group that owns the 2.15 million-square-foot Southfield Town Center in the Detroit suburb of Southfield, Mich., has negotiated an extension of the office property's $118.93 million mortgage, which had matured last May.

Wells Fargo Bank, Bank of America, Deutsche Bank and Starwood Mortgage Capital have provided $380 million of financing against the 918,779-square-foot Bronx Terminal Market retail property in the Bronx, N.Y. The financing includes a $140 million subordinate note.

Commercial Real Estate Direct Staff Report The $87.24 million CMBS loan against Equitable Plaza, a 688,292-square-foot office property in Los Angeles, has been sent to special servicing as it's not expected to be paid off when it matures next month. ...

Commercial Real Estate Direct Staff Report With its maturity just weeks away, the $125.61 million CMBS loan against the 2.15 million-square-foot Southfield Town Center in the Detroit suburb of Southfield, Mich., has transferred to special servicer LNR Partners. The loan ...

Commercial Real Estate Direct Staff Report Kroll Bond Rating Agency has downgraded the $21.1 million class G of COMM, 2014-UBS3, because of the losses it expects to result from certain risky loans in the deal's collateral pool. The rating agency ...

Cleveland Plain Dealer American Landmark Properties is looking to sell the Oswald Centre and 1111 Superior, a pair of office buildings with about 1.2 million square feet in downtown Cleveland. HFF is marketing the properties, which sit across from each ...