Commercial Real Estate Direct Staff Report AAM 15 Management has paid $35 million, or $113,268/room, for the DoubleTree hotel in Burlington, Vt. The Burlington, Mass., company bought the 309-room property from RLJ Lodging Trust, a Bethesda, Md., REIT. HFF brokered ...
University Mall, the largest mall in Vermont, received a high bid of $44.5 million in a recent auction conducted by LNR Partners, special servicer of the CMBS deal that had held a $92 million loan against it. But the offer ...
Commercial Real Estate Direct Staff Report The University Mall, Vermont's largest enclosed shopping mall, is now in the hands of LNR Partners, special servicer of a $92 million CMBS loan against the South Burlington, Vt., property. The loan, backed by ...
The buyer lined up an $18 million loan from Cambridge Savings Bank to help fund the purchase.
Commercial Real Estate Direct Staff Report Devonwood Investors, which is planning the redevelopment of the Burlington Town Center enclosed mall in Burlington, Vt., is looking to raise perhaps $160 million of debt financing and $50 million of equity to complete ...
The property serves as collateral for a $37 million loan that's securitized through JPMorgan Chase Commercial Mortgage Securities Corp., 2007-LDP11. It pays a coupon of 5.761 percent and is scheduled to mature in June 2017. It can be defeased, or ...
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