Southland Center Mall in the Detroit suburb of Taylor, Mich., has been appraised at a value of $66.9 million, down from the $114.4 million appraised value given 10 years ago, when a $78.75 million CMBS loan was written against it. ...
The Pierre Bossier Mall in Bossier City, La., just outside of Shreveport, La., formally has been placed on the sales market by Rialto Capital Advisors, the special servicer that's been handling the property's $40 million loan for nearly two years. ...
79 percent leased. C-III Asset Management had been overseeing it on behalf of Merrill Lynch Mortgage Trust, 2005-CK1. The CMBS trust had taken over the property by foreclosing on $120.2 million of debt that it held. The property previously was ...
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