City: Buffalo
Pyramid Negotiates 3-Year Term Extension for $236.5Mln Loan on Walden Galleria
Commercial Real Estate Direct Staff Report Pyramid Management Group has negotiated a three-year term extension of the $236.5 million mortgage against its Walden Galleria shopping mall near Buffalo, N.Y. The loan, securitized through JPMorgan Chase Commercial Mortgage Securities Corp., 2012-WLDN, ...
$237.72Mln CMBS Loan on Walden Galleria Goes Back to Special Servicer
Commercial Real Estate Direct Staff Report The $237.72 million CMBS loan against the Walden Galleria shopping mall near Buffalo, N.Y., has been sent back to special servicing. The transfer, highlighted this morning in a TreppWire Trading Alert, noted that the ...
McKinley Mall in Buffalo, N.Y., Selling to Kohan Retail for $8.5Mln
Commercial Real Estate Direct Staff Report McKinley Mall in Buffalo, N.Y., is being acquired by Kohan Retail Investment Group, resolving a troubled $32.2 million CMBS mortgage against the retail property. A report by Spectrum News pegged the property's purchase price ...
McKinley Mall in Buffalo, N.Y., Comes to Sales Block
McKinley Mall, an 846,847-square-foot enclosed shopping mall in Buffalo, N.Y., is being offered for sale by Rialto Capital Advisors, which is managing a $32.6 million mortgage against it. Three of the property's four anchor spaces are vacant.
ACRES Lends $32.5Mln for Construction of Student Housing in Buffalo, N.Y.
ACRES Capital Corp. has provided $32.5 million of financing for the construction of Auden Buffalo, a 154-unit student-housing property with a 481-bed capacity near the campus of the State University of New York at Buffalo. The four-story property, at 2915-2949 ...
Walden Galleria Near Buffalo, N.Y., Sees 64 Percent Drop in Appraised Value
Commercial Real Estate Direct Staff Report Walden Galleria, a 1.6 million-square-foot shopping mall in Cheektowaga, N.Y., near Buffalo, N.Y., has been appraised at a value of $216 million, 64 percent less than the $600 million appraised value placed on the ...
CMBS Special Servicer Seen Taking Over McKinley Mall in Buffalo, N.Y.
Commercial Real Estate Direct Staff Report The McKinley Mall in Buffalo, N.Y., which serves as collateral for $35.3 million of CMBS debt that was securitized in 2014, could soon be owned by the two trusts that hold its mortgage. The ...
Boulevard Mall Near Buffalo, N.Y., Selling for $24.05Mln; CMBS Deal to Take Big Hit
The story below has been edited. The high bid was $24.05 million. It previously was overstated. Commercial Real Estate Direct Staff Report Boulevard Mall, a 1.1 million-square-foot shopping center near Buffalo, N.Y., generated a high bid of $24.05 million at ...
CMBS Loan Against Morgan-Owned Apartments Near Buffalo, N.Y., Transfers to Special Servicer
Commercial Real Estate Direct Staff Report The $25.8 million CMBS loan against the 504-unit Raintree Apartments in Tonawanda, N.Y., which is just north of Buffalo, N.Y., has transferred to special servicer Midland Loan Services because it's expected to default. ...
Boulevard Mall Near Buffalo, N.Y., Given to CMBS Lender in Deed-in-Lieu of Foreclosure
Commercial Real Estate Direct Staff Report The Boulevard Mall near Buffalo, N.Y., is now classified as real estate-owned, or REO. The 1.1 million-square-foot retail property had served as collateral for a $90.4 million loan that was securitized through Greenwich Capital ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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