Commercial Real Estate Direct Staff Report The Koger Center, an 849,765-square-foot office complex in Tallahassee, Fla., has been re-appraised at a value of only $38.7 million. The 18-building property, on a 61-acre parcel at 1131 Executive Center Drive, is encumbered ...
Commercial Real Estate Direct Staff Report The CMBS loan against the 849,765-square-foot Koger Center office complex in Tallahassee, Fla., once again has transferred to special servicing. This time, it's because it has defaulted. The $106 million loan, securitized through Credit ...
Commercial Real Estate Direct Staff Report The $150 million CMBS loan against City Place, a 698,472-square-foot mixed-use property in West Palm Beach, Fla., is being brought current with the injection of another $5 million of equity into the collateral property ...
Commercial Real Estate Direct Staff Report The $115.5 million CMBS loan against the Koger Center office property in Tallahassee, Fla., has been modified, with its term extended by three years to 2020. The loan, securitized through Credit Suisse Mortgage Securities ...
Commercial Real Estate Direct Staff Report The $115.5 million CMBS loan against the Koger Center office property in Tallahassee, Fla., has been transferred to special servicing for a second time because it's expected to default. The interest-only loan, securitized through ...
Capital One Multifamily Finance has written a $238.9 million Freddie Mac loan against the Savoy Park Apartments in Manhattan's Harlem area. The loan, arranged by Meridian Capital, helped fund Fairstead Capital's $315 million purchase of the 1,790-unit property.
South Florida Business Journal The owner of the CityPlace retail complex in West Palm Beach, Fla., is more than 90 days delinquent on its mortgage payments. Related Cos. owns the 698,472-square-foot property at 700 South Rosemary Ave., which backs $150 ...
Commercial Real Estate Direct Staff Report Fairstead Capital has paid $315 million, or nearly $176,000/unit, for the Savoy Park Apartments, a 1,790-unit apartment complex in Manhattan's Harlem area. The New York apartment specialist is led by Stephen Siegel, who also ...
Midwest Real Estate Journal Wells Fargo Place, a 659,894-square-foot office building in St. Paul, Minn., is on the sales market. Unilev Capital Corp. of Beverly Hills, Calif., owns the property, which it had bought in 2006 for more than $100 ...
Commercial Real Estate Direct Staff Report The $90 million CMBS loan against Wells Fargo Place, a 659,894-square-foot office building in St. Paul, Minn., has once again transferred to special servicing. The loan, securitized through Credit Suisse Commercial Mortgage Trust, 2007-1, ...
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