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Commercial Real Estate Direct Staff Report The recent sale of a piece of the CMBS financing against 775-779 San Marin Drive, a 710,330-square-foot office property in Novato, Calif., resulted in a loss of just less than $750,000 to Banc of ...
Commercial Real Estate Direct Staff Report The $110.5 million CMBS loan against the 710,330-square-foot office property at 775-779 San Marin Drive in the northern California city of Novato has transferred to special servicing as its sole tenant hasn't renewed its ...
Commercial Real Estate Direct Staff Report A fund managed by LaSalle Investment Management has lined up $136.7 million of financing against 123 North Wacker Drive, a 541,000-square-foot office building in downtown Chicago that it recently purchased for $147 million, or ...
Crain's Chicago Business A venture that includes LaSalle Investment Management has agreed to buy a foreclosed downtown Chicago office building for $147 million, or about $271.72/sf. LNR Partners is the seller. The 541,000-square-foot property, at 123 North Wacker Drive, backs ...
Midwest Real Estate Journal A foreclosed 30-story office building in downtown Chicago is on the sales market. JLL has been tapped to market the 541,000-square-foot property at 123 North Wacker Drive. The building backs $120.6 million of debt that's securitized ...
A $22 million CMBS loan against an Austin, Texas, office building that had matured four years ago finally has been retired. The collateral property, while fully leased, suffered from a structural defect that made lenders unwilling to lend against it. ...
Crain's Chicago Business A Cook County, Ill., Circuit Court judge has signed a foreclosure judgment and order of sale for a 30-story office building at 123 North Wacker Drive in downtown Chicago. The 541,000-square-foot property backs $120.6 million of debt ...
Crain's Chicago Business Morton Salt Inc. has signed a 16-year lease for 52,600 square feet at River Point, a 1 million-square-foot office being constructed in Chicago by a venture led by Hines Interests. It plans to move into the property ...
Northbay Business Journal Fireman's Fund Insurance Co., which is owned by Allianz, will be moving operations from its 700,000-square-foot Novato, Calif., location to a smaller property in Petaluma, Calif. The insurance company has fully occupied its three-building headquarters, at 775, ...
Commercial Real Estate Direct Staff Report The $53.6 million CMBS loan against a portfolio of nine retail centers in Pennsylvania, New Jersey, Indiana and West Virginia has transferred to special servicer LNR Partners because it's expected to face challenges getting ...
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