Bloomberg Name: WFCM 2015-C31

California investor Cobby Pourtavosi bought the Sheraton Lincoln Harbor Hotel in Weehawken, N.J., in a deal involving the assumption of a long-troubled CMBS loan that was written down to $65.5 million from $80 million.

Commercial Real Estate Direct Staff Report The CityPlace I office building in Hartford, Conn., which is encumbered by $79.28 million of mortgage debt, has been re-appraised at a value of only $64 million. The 884,366-square-foot building is owned by an ...

Commercial Real Estate Direct Staff Report The Patrick Henry Mall in Newport News, Va., whose $79.67 million mortgage had transferred to special servicer Rialto Capital Advisors last January, after its owner had filed for bankruptcy, has been re-appraised at a value ...

The loan was one of a number against regional malls to have transferred to special servicers in recent weeks. Some loans have or soon will mature, while others have seen a deterioration in the performance of their collateral.

Hartz Mountain Industries is considering handing its 358-room Sheraton Lincoln Harbor Hotel in Weehawken, N.J., over to its lenders in a deed-in-lieu of foreclosure. The 29-year-old hotel, at 500 Harbor Blvd., along the Hudson River and next to a pier ...

Class Amt $mln Sub Level% Avg Life (yrs) RatingFitch RatingMoody's RatingMStar  Pricing % Yield% Final Pricing (bp) Bnch mark A-1 38.22 30.00 2.74 AAA Aaa AAA 99.999 1.661 +63 swaps A-2 20.29 30.00 4.87 AAA Aaa AAA 99.996 2.301 +82 ...