City: Buffalo
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 ...
Forest City to Give Up Boulevard Mall in Deed-In-Lieu of Foreclosure
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 ...
Mall Near Buffalo, N.Y., Sees Appraised Value Drop by 66 Percent
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 ...
CMBS Loan Against Boulevard Mall Classified as In Foreclosure
Commercial Real Estate Direct Staff Report The $91.9 million CMBS loan against the Boulevard Mall near Buffalo, N.Y., has been reclassified as being in foreclosure, meaning the trust that holds the loan likely will eventually own the property. The loan ...
Newly Constructed Industrial Building Near Buffalo, N.Y., Trades Hands
Monmouth Real Estate Investment Corp. has acquired a 338,584-square-foot industrial building in the Buffalo, N.Y., suburb of Hamburg, N.Y., for $35.1 million, or $104/sf. The seller was not disclosed. The property, at 3779 Lake Shore Road, opened this month and ...
CMBS Loan Against Buffalo, N.Y., Office Gets Resolved at Big Loss
Commercial Real Estate Direct Staff Report One Seneca Tower, the 850,500-square-foot office building in Buffalo, N.Y., formerly known as One HSBC Center, has been sold to Douglas Development, generating $14.4 million of gross proceeds. The transaction resulted in a loss ...
Forest City Offers Boulevard Mall Near Buffalo, N.Y., for Sale
Buffalo Business Journal Forest City Realty Trust Inc. is offering for sale the Boulevard Mall in the Buffalo, N.Y., suburb of Amherst, N.Y. The Cleveland REIT has hired CBRE to market for sale the 1 million-square foot mall, 762,412 sf ...
About
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.
