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The Asheville Mall in North Carolina has been re-appraised at a value of $42 million - a third of the $123 million appraised value given it in 2011 when a $78 million loan was written against it. The property's owner, ...
Commercial Real Estate Direct Staff Report Park Plaza Mall in Little Rock, Ark., has been appraised at a value of only $33.1 million, down significantly from the $142 million appraised value given to it just nine years ago. A 283,326-square-foot ...
Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc., whose portfolio of secondary market shopping centers were ailing even before the coronavirus pandemic struck, has put together a plan to sharply reduce its indebtedness in an evident prepackaged ...
Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc. has taken a $37.4 million impairment charge against its Park Plaza Mall, a 539,936-square-foot shopping center in Little Rock, Ark. A total of 283,326 sf at the property serves ...
Commercial Real Estate Direct Staff Report Rialto Capital Advisors, special servicer of a $49.1 million loan against the Oakdale Mall near Binghamton, N.Y., has initiated foreclosure efforts to take title to the property on behalf of the CMBS trust that ...
Commercial Real Estate Direct Staff Report The $49.5 million CMBS loan against the Oakdale Mall near Binghamton, N.Y., has been hit with a $12.4 million appraisal reduction amount. That means the shopping center's appraised value is now below the loan's ...
Another CMBS loan against an enclosed shopping center owned by CBL & Associates Properties Inc. has gotten into hot water. This time, it's the $79.6 million mortgage against the Park Plaza Mall in Little Rock, Ark. The loan, securitized through ...
Commercial Real Estate Direct Staff Report The $50.7 million CMBS loan against 708,695 square feet at the 851,498-sf Oakdale Mall near Binghamton, N.Y., has been transferred to special servicer Rialto Capital Advisors because it's expected to default. The loan ...
A venture of Angelo, Gordon & Co. and Capstone Equities is offering for sale 30 Flatbush Ave., a 231,936-square-foot office building in downtown Brooklyn, N.Y. The property, which is triple-net leased to Consolidated Edison Inc. through at least 2022, is ...
Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes Credit Suisse First ...
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