Springer Capital Pays $240.2Mln for S.C. Apartment Portfolio
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309-Unit Apartment Property Opens in Phoenix
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City: Glendale
Glendale Center/611 North Brand Blvd.
95 percent occupied. The property serves as collateral for a $125 million loan that's securitized through Wachovia Bank Commercial Mortgage Trust, 2006-C27. Special servicer LNR Partners took possession of the propertyin 2012after its then-owner, MPG Office Trust Inc., defaulted on the ...
Verdugo Village apartments/1717 North Verdugo Road
96 percent occupied.
Glendale City Center/101 North Brand Blvd.
90 percent occupied.
500 North Central Ave.
90 percent occupied.
Reserve at Arrowhead/7701 West St. John Road
95 percent occupied. The buyer used a $48.375 million Fannie Mae loan from Berkadia Commercial Mortgage to help fund the purchase of the complex. The 10-year loan pays a coupon of 3.68 percent and amortizes on a 30-year schedule. It ...
550 North Brand
87 percent leased.
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