City: Albany
Shopping Center in Albany, N.Y., Area Sells for $55Mln
An Albany, N.Y., investment group has paid $55 million, or $87/sf, for Clifton Park Center, a 630,000-square-foot retail property in the Albany suburb of Clifton Park, N.Y. The group, CPC Development I LLC, which is led by Faraz Khan, a ...
CMBS Loan on Crossgates Mall in Albany, N.Y., Moves to Special Servicing
Commercial Real Estate Direct Staff Report The $245.12 million CMBS loan against the Crossgates Mall in Albany, N.Y., once again has been sent to special servicer Midland Loan Services. The loan is scattered among three transactions: a $98.18 million piece ...
Five Star Bank Lends $49.5Mln for Second Phase of Apartments Near Albany, N.Y.
Multi-Housing News Five Star Bank has provided $49.5 million of financing for the second phase of the GrandeVille at Malta apartment project in Malta, N.Y., about 25 miles north of Albany, N.Y. LeCesse Development is the project's developer. It will ...
Mall Concerns Prompt Fitch to Downgrade 5 Classes of COMM 2012-CCRE1
Commercial Real Estate Direct Staff Report Fitch Ratings has downgraded five classes of COMM, 2012-CCRE1, because of concerns it has with the ability of two large mall loans to get refinanced by their maturity. The transaction has been whittled down ...
Maturing CMBS Loan Against Albany, N.Y., Retail Center Gets Taken Out
Commercial Real Estate Direct Staff Report Argentic Real Estate Finance has provided a mortgage against the Crossgates Commons shopping center in Albany, N.Y., allowing the property's owner, Pyramid Cos., to refinance $29.8 million of CMBS financing against the retail property. ...
Dwight Capital Writes $28.7Mln HUD Loan for Historic Apartments Near Albany, N.Y.
Dwight Capital has provided $28.7 million of financing under the U.S. Department of Housing and Urban Development's section 223(f) program for the Albany Lofts at One Broadway, a 145-unit apartment property north of Albany, N.Y. The loan allowed the property's ...
Pyramid Negotiates Payment Deferral for $217.7Mln Loan on Albany, N.Y., Mall
Commercial Real Estate Direct Staff Report The $217.7 million CMBS loan against the Crossgates Mall in Albany, N.Y., which transferred to special servicing in April, has been modified, with its principal and interest payments deferred through at least next month ...
Suburban Albany, N.Y., Shopping Center Sells for $73.7Mln
Commercial Real Estate Direct Staff Report The Davis Cos. has paid $73.7 million, or $117/sf, for the 629,575-square-foot Latham Farms shopping center in Latham, N.Y., an Albany, N.Y., suburb. The Boston real estate investor bought the property from Kimco Realty ...
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