Bloomberg Name: WFCM 2016-LC24

Commercial Real Estate Direct Staff Report American Strategic Investment Co. has agreed to turn over to its lender the 247,182-square-foot 1140 Ave. of the Americas office building in Midtown Manhattan through a consensual foreclosure. The action was expected, as two ...

Commercial Real Estate Direct Staff Report The 247,183-square-foot office property at 1140 Ave. of the Americas in midtown Manhattan has been reappraised at a mere $17.2 million, just more than 17% of the $99 million balance of the loan against ...

Commercial Real Estate Direct Staff Report The $99 million CMBS loan against 1140 Ave. of the Americas in midtown Manhattan has transferred to special servicer LNR Partners as cash flow at the 247,183-square-foot office building has declined in recent years. ...

Commercial Real Estate Direct Staff Report American Strategic Investment Co. has sharply written down the value of the 1140 Ave. of the Americas office building in midtown Manhattan. The New York REIT, which had acquired the 247,183-square-foot property in 2016 for ...

The following story has been edited to clarify that the deal valued the two properties at $350 million. Hudson Pacific Properties is selling its 65 percent stake in Pinnacle I and II, a pair of office buildings with 625,641 square ...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Fitch Rating Kroll  Rating Moody's  Pricing % Yield% Final Pricing (bp) Bnch mark A-1 41.39 30.00 2.22 AAA AAA Aaa 99.998 1.420 +40 swaps A-2 55.66 30.00 4.50 AAA AAA Aaa ...