Commercial Real Estate Direct Staff Report The appraised value of 597 Fifth Ave., an 80,032-square-foot retail and office building in midtown Manhattan, has been lowered to $84.3 million from $87.8 million. The property, which is encumbered by a $105 million ...
Commercial Real Estate Direct Staff Report The $51.3 million CMBS loan against the 694,327-square-foot office building at 30 Knightsbridge Road in Piscataway, N.J., has transferred to special servicing as the property's cash flow has declined and the loan's expected to ...
Commercial Real Estate Direct Staff Report Lundin Development Co., which just months ago was able to negotiate a five-year term extension of the $20.16 million CMBS loan against its Showcase at Indio retail property in Indio, Calif., has just managed to ...
Commercial Real Estate Direct Staff Report The $20.6 million CMBS loan against the Showcase at Indio retail property in Indio, Calif., in the Sonoran Desert in the state's Riverside County, has been modified with its maturity extended by five years, ...
Chatham Lodging Trust has paid $44.5 million, or nearly $332,100/room, for the 134-room Hilton Garden Inn in Marina del Rey, Calif. The Palm Beach, Fla., REIT, bought the property, at 4200 Admiralty Way, from the Pacifica Hotel Co. unit of ...
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