Bloomberg Name: CSAIL 2016-C5

California investor Cobby Pourtavosi bought the Sheraton Lincoln Harbor Hotel in Weehawken, N.J., in a deal involving the assumption of a long-troubled CMBS loan that was written down to $65.5 million from $80 million.

Commercial Real Estate Direct Staff Report The $51.51 million CMBS loan against the 484,643-square-foot office building at 401 Market St. in downtown, or Center City, Philadelphia has been paid off at close to par value. The loan received a $51.93 ...

Hartz Mountain Industries is considering handing its 358-room Sheraton Lincoln Harbor Hotel in Weehawken, N.J., over to its lenders in a deed-in-lieu of foreclosure. The 29-year-old hotel, at 500 Harbor Blvd., along the Hudson River and next to a pier ...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating Fitch Rating MStar  Pricing % Yield% Final Pricing (bp) Bnch mark A-1 28.56 30.00 2.67 Aaa AAA AAA 100.000 1.727 +70 swaps A-2 121.57 30.00 4.52 Aaa AAA AAA ...