The transaction resulted in $30.06 million of net proceeds, or $207.63/sf. But because the loan against the property was in special servicing for so long—the loan transferred in July 2020—the sale resulted in $17.91 million of losses to the CMBS ...
Hunt Cos. has purchased the 144,793-square-foot Hawaii Kai Shopping Center in Honolulu, resolving what originally was a $33 million loan that defaulted more than four years ago. The sale resulted in $17.91 million of losses to the CMBS trust that ...
Facing a maturity in the coming month, the $263.29 million of CMBS financing against the Pearlridge Center, the largest enclosed mall in Hawaii, has transferred to special servicer KeyBank.
The securitization of a $2.42 billion mortgage against the Ala Moana shopping mall in Honolulu, on the Hawaiian island of Oahu, is back on track after having been set aside last month because of market instability.
To facilitate the deal, UBS AG has provided $46.58 million of mortgage financing that pays a fixed coupon of 7.02 percent. The 10-year loan requires only interest payments for its entire term. It will be included in an upcoming CMBS ...
Commercial Real Estate Direct Staff Report An affiliate of AGC Equity Partners has paid $69 million, or $204.52/sf, for Ali'i Place, a 337,370-square-foot office property in Honolulu. The London investment firm purchased the 23-story property from Bristol Group of San ...
Financial Partners Group has paid $115 million, or $500,000/room, for the 230-room Hyatt Centric Hotel & Shops Waikiki Beach in Honolulu. The Japanese conglomerate, with holdings in the aviation, insurance and real estate sectors, had purchased the property from its ...
Commercial Real Estate Direct Staff Report Financial Partners Group has paid $115 million, or $500,000/room, for the 230-room Hyatt Centric Hotel & Shops Waikiki Beach in Honolulu. The Japanese conglomerate, with holdings in the aviation, insurance and real estate sectors, ...
CBRE has arranged $135 million of debt financing for the construction of a 240-room dual-branded Hyatt Place and Hyatt House Hotel in Ewa Beach, Hawaii. An unnamed bank provided the senior construction loan, while a life insurance company provided mezzanine ...
Commercial Real Estate Direct Staff Report Park Hotels & Resorts Inc. is trying to quickly give to its CMBS lender its two largest San Francisco hotels, the 1,024-room Hilton Parc 55 and the 1,919-room Hilton San Francisco Union Square. The ...
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.
