Commercial Real Estate Direct Staff Report Deutsche Bank has provided a $254 million loan against 667 Madison Ave., a 250,731-square-foot office building in the Lenox Hill area of Manhattan. The debt allowed the property's owner, Hartz Mountain Industries Inc. of ...
Vornado Realty Trust has retired the $550 million of financing against Chicago's Merchandise Mart, a massive showroom property that's now known as theMart. The Paramus, N.J., REIT paid off the financing, $350 million of which was securitized, with proceeds of ...
Buffalo Business Journal Forest City Realty Trust Inc. is offering for sale the Boulevard Mall in the Buffalo, N.Y., suburb of Amherst, N.Y. The Cleveland REIT has hired CBRE to market for sale the 1 million-square foot mall, 762,412 sf ...
Boston Properties Inc. has defeased, or replaced with government securities, $640.5 million of CMBS debt against downtown Boston's 100 and 200 Clarendon St., the former John Hancock Tower. The Boston REIT bought $667.4 million of securities that would provide the ...
Carlyle Development Group, which recently bought the Public Ledger Building in downtown Philadelphia for $58 million, or just more than $108/sf, has lined up $49.7 million of financing against it. The financing, provided by a debt fund and arranged ...
Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes Greenwich Capital Commercial ...
Commercial Real Estate Direct Staff Report Blackstone Mortgage Trust Inc. provided $83.5 million of floating-rate financing against the Hyatt Regency Bethesda, a 390-room hotel in suburban Washington, D.C., that recently was purchased by Meridian Group. Meridian, a Bethesda, Md., investment ...
The Meridian Group has bought back the Hyatt Regency Bethesda, a 390-room full-service hotel in suburban Washington, D.C., that had been taken by its lender in a 2012 foreclosure. The sale resolves a $140 million CMBS loan that was foreclosed ...
New York Observer Aspen Insurance Holdings Ltd. has renewed and expanded its lease to 72,327 square feet from 24,109 sf at 590 Madison Ave., a 1 million-sf office building in midtown Manhattan. The lease expires in 2031. The building was ...
Commercial Real Estate Direct Staff Report LNR Partners Inc. has struck a deal to sell Linden Park, a 105,066-square-foot office building in Wilmington, Del., for roughly $6 million, or $57.10/sf. The property, at 4550 New Linden Hill Road, had served ...
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