Bloomberg Name: MSC 2007-IQ16

Commercial Real Estate Direct Staff Report Columbia Sussex Corp. has paid $112 million, or $150,538/room, for the 733-room Hilton Daytona Beach Oceanfront Resort in Daytona Beach, Fla. The Crestview Hills, Ky., hotel company bought the 37-year-old property from an affiliate ...

Morgan Stanley Capital I Inc., 2007-IQ16, took it on the chin last month as two of its large collateral loans were liquidated, resulting in $85.9 million of additional losses to the trust. That brought losses absorbed by the trust to ...

Commercial Real Estate Direct Staff Report The team of Mason Asset Management, Namdar Realty Group and CH Capital Group has purchased the beleaguered Bangor Mall in Maine, according to a report in the Bangor Daily News. Price paid: $12.6 million, ...

Investor offers for Milford Crossing, a 371,537-square-foot shopping center in Milford, Conn., that backs a distressed $70.4 million CMBS loan, fell below expectations, putting an effort to sell the asset into question.

Commercial Real Estate Direct Staff Report Maine's Bangor Mall was appraised in August at a value of $17.3 million - a 40 percent drop from the $28.9 million appraised value set last year and only 13 percent of its $128 ...

Bangor Daily News Furniture Mattress & More has signed a lease for 150,000 square feet of retail space at the Bangor Mall in Bangor, Maine. The mattress store is taking the space that had been occupied by Macy's, which recently ...

Commercial Real Estate Direct Staff Report The Bangor Mall in Maine has been appraised at a value of only $28.9 million - less than 23 percent of its $128 million appraised value when its $80 million CMBS loan was written ...

Commercial Real Estate Direct Staff Report The $80 million CMBS loan against the Bangor Mall, with nearly 654,076 square feet in Bangor, Maine, has transferred to special servicing because it's not expected to get refinanced by its October maturity. The ...

Paramount Group and GIC, Singapore's sovereign wealth fund, have formed a venture to take ownership of the 1.6 million-square-foot office building at 60 Wall St. in lower Manhattan. The transaction values the property at $1.04 billion, or $650/sf, and was ...

Commercial Real Estate Direct Staff Report Starwood Capital Group has paid roughly $90.1 million, or $121,100/room, for the 744-room Hilton Daytona Beach hotel, which was taken through a deed-in-lieu of foreclosure by special servicer LNR Partners two years ago. The ...