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The Baltimore Sun The Woodmont Co. has been appointed as receiver for the 630,000-square-foot TownMall of Westminster in Westminster, Md. The former Cranberry Mall, at 400 North Center St., backs $45 million of debt that's securitized through Wachovia Bank Commercial ...
Commercial Real Estate Direct Staff Report CWCapital Asset Management has put the defaulted mortgage against 100 Motor Parkway, a 191,663-square-foot office building in Hauppauge, N.Y., on the sales block. The Bethesda, Md., special servicer has hired Mission Capital Advisors to ...
Philadelphia Inquirer The 349-room Renaissance Hotel Philadelphia Airport has been thrown into foreclosure after its owner, Columbia Sussex Corp., failed to pay off a $33.6 million mortgage against it. The property at 500 Stevens Drive serves as collateral for a ...
Commercial Real Estate Direct Staff Report BLT Enterprises has paid $12.6 million, or $198.95/sf, for Sorrento Tech II, a two-building office and industrial property with 63,333 square feet in San Diego. The Santa Monica, Calif., company was represented in its ...
Morgan Stanley Capital Holdings has provided a $325 million loan against 620 Avenue of the Americas, a 669,513-square-foot office building in Manhattan's Flatiron District. The loan facilitated the building's recapitalization, which involved Blackstone Group's purchase of a 50 percent stake. ...
Commercial Real Estate Direct Staff Report Metropolitan Life Insurance Co. has provided $385 million of mortgage financing against Hyatt Center, a 1.5 million-square-foot office building in Chicago's West Loop submarket. The loan replaced a $303 million loan that was included ...
Commercial Real Estate Direct Staff Report PCCP LLC provided $41 million of financing to facilitate the recapitalization of Parkway Corporate Plaza, an office complex in the suburbs of Sacramento, Calif. As reported, Broe Real Estate Group led the recap by ...
Commercial Real Estate Direct Staff Report Broe Real Estate Group, which this year launched an effort to recapitalize troubled properties owned by tenant-in-common investor groups, has bought into the Parkway Corporate Plaza, a 286,775-square-foot office property in suburban Sacramento, Calif. ...
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