Bloomberg Name: LSTAR 2017-5

Commercial Real Estate Direct Staff Report A venture of Morning Calm Management and Praelium has bought the 27-story Charlotte Plaza office building in Charlotte, N.C., for $70 million, or $108.76/sf. Morning Calm, of Boca Raton, Fla., and Praelium, of Irvine, ...

Charlotte Business Journal A venture of Rabina Properties and JFR Global Investments is offering for sale Charlotte Plaza, a 632,283-square-foot office building in Charlotte, N.C. The venture of New York companies has hired CBRE to market the 27-story property at ...

Commercial Real Estate Direct Staff Report The 632,283-square-foot Charlotte Plaza office property in Charlotte, N.C., has been appraised at a value of $89.35 million - just about 75 percent of the $120 million that is owed against it. The financing ...

Commercial Real Estate Direct Staff Report The Charlotte School of Law's closure last month has increased the likelihood that the $120 million CMBS loan against Charlotte Plaza will default. Meanwhile, Morningstar Credit Ratings has pegged the property's value at $118.4 ...