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Commercial Real Estate Direct Staff Report The four remaining office buildings in the Heron Lakes office complex in Houston, whose CMBS loan was transferred to special servicing in 2018, might be closer to a sale as a high bid of ...
Accesso Partners committed to pony up $7 million of fresh equity into the 502,217-square-foot 1515 Market St. office building in downtown, or Center City, Philadelphia to win a two-year extension of the property's $57.1 million loan. As part of its modification, ...
Commercial Real Estate Direct Staff Report The $57.21 million CMBS loan against the 502,217-square-foot 1515 Market St. office building in downtown, or Center City, Philadelphia, has been extended by another two years. The loan, securitized through JPMBB Commercial Mortgage Securities ...
Commercial Real Estate Direct Staff Report The $200 million CMBS loan against the 727,759-square-foot 500 Fifth Ave. office building in midtown Manhattan has been extended for another two and a half years, taking its maturity to April 2027. The loan, ...
Commercial Real Estate Direct Staff Report Temple University evidently will vacate the 130,213 square feet it occupies at 1515 Market St. in Philadelphia, putting the 502,217-square-foot office building's $57.7 million CMBS loan at greater risk of default. The college houses ...
Commercial Real Estate Direct Staff Report The owner of the 727,759-square-foot 500 Fifth Ave. office building in midtown Manhattan has been given another six months to refinance the property's $200 million mortgage, which had matured last October. The loan is ...
Commercial Real Estate Direct Staff Report The 727,759-square-foot office building at 500 Fifth Ave. in midtown Manhattan has been appraised at a value of $273.8 million, a 54 percent drop from its appraised value 10 years ago. Its value, however, ...
Commercial Real Estate Direct Staff Report Accesso Partners has negotiated a short-term extension of the $58.3 million loan against the 502,217-square-foot 1515 Market St. office building in Philadelphia. The Hallandale Beach, Fla., investment manager earlier this year had sought an extension ...
Commercial Real Estate Direct Staff Report The $200 million loan against the 727,759-square-foot 500 Fifth Ave. office building in midtown Manhattan is expected to default at its maturity in October. As a result, the loan, split into two equal pieces ...
Cove Capital Investments has paid $17.6 million, or about $135.33/sf, for the 130,056-square-foot Eastwood Village retail property in Birmingham, Ala. The Torrance, Calif., investor purchased the property from Morrison Investment Group of New Orleans. Marcus & Millichap's Institutional Property Advisors ...
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