City: Buffalo

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, 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 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 ...

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 ...

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 ...

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 ...

  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. ...

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 ...

Commercial Real Estate Direct Staff Report Forest City Realty Trust is giving up on its Boulevard Mall, a 1.1 million-square-foot shopping center near Buffalo, N.Y., and expects to transfer it to the CMBS trust that holds a $90.4 million loan ...

Commercial Real Estate Direct Staff Report The Boulevard Mall near Buffalo, N.Y., has been appraised at a value of $54.9 million, roughly one-third of its $159.5 million appraised value in 2006 and 40 percent lower than the $91.9 million of ...