City: Bangor
Bangor Mall
The property sold for well below its most recent $17.3 million appraised value. A total of 536,299 square feet of the 655,124-sf mall serves as collateral for an $80 million mortgage that was securitized through Morgan Stanley Capital I Inc., ...
Bangor Mall Sells for $12.6Mln to Team Including Mason Asset Management
Commercial Real Estate Direct Staff Report The team of Mason Asset Management, Namdar Realty Group and CH Capital Group has purchased the beleaguered Bangor Mall in Maine, according to a report in the Bangor Daily News. Price paid: $12.6 million, ...
Bidding Reaches $14.95Mln at Auction for Bangor Mall
Commercial Real Estate Direct Staff Report The Bangor Mall in Maine received a high bid of $14.95 million at an online auction conducted by NKF Capital Markets on the Ten-X platform. But it's not clear whether the property's owner, Morgan ...
Maine’s Bangor Mall Heads to Sales Block
The Bangor Mall, a 655,124-square-foot enclosed shopping center in Bangor, Maine, that had backed an $80 million CMBS loan, is being offered for sale through NKF Capital Markets. The property, which lost two of its five anchor tenants in recent ...
Bangor Mall in Maine Gets Appraised at $17.3Mln; 13 Percent of 2007 Appraisal
Commercial Real Estate Direct Staff Report Maine's Bangor Mall was appraised in August at a value of $17.3 million - a 40 percent drop from the $28.9 million appraised value set last year and only 13 percent of its $128 ...
Furniture Store to Take Vacant Macy’s Space at Bangor Mall
Bangor Daily News Furniture Mattress & More has signed a lease for 150,000 square feet of retail space at the Bangor Mall in Bangor, Maine. The mattress store is taking the space that had been occupied by Macy's, which recently ...
$80Mln CMBS Loan Against Maine Mall Seen Defaulting at October Maturity
Commercial Real Estate Direct Staff Report The $80 million CMBS loan against the Bangor Mall, with nearly 654,076 square feet in Bangor, Maine, has transferred to special servicing because it's not expected to get refinanced by its October maturity. The ...
Och-Ziff Venture Proposes Casino-Hotel for Maine
Maine Biz A venture that includes Och-Ziff Real Estate Advisors, a New York investment manager, has proposed developing a casino-hotel in Oxford, Me. The venture's other partners include Robert and Gary Bahre, the former owners of the Oxford Plains Speedway ...
Inland Western Buys Retail Center in Bangor, Maine, for $31Mln
Banker & Tradesman Inland Western Retail Real Estate Trust has acquired a 232,273-square-foot retail center in Bangor, Maine, for $31 million. Jones Lang LaSalle represented the seller of the property, the Bangor Plaza Shopping Center. Tenants include Kohl's, Old Navy ...
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