David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
City: Kennesaw
Losses Ahead for 2012 CMBS Deal When Last 2 Assets Get Resolved
The two shopping malls that had backed the $141.17 million of mortgage financing securitized through WFRBS Commercial Mortgage Trust, 2012-C7, carry a combined appraised value of only $118.28 million. It's likely the transaction will get hit with additional losses.
REIT Pays $67Mln for Atlanta-Area Apartment Property
Atlanta Business Chronicle Preferred Apartment Communities Inc. has paid $67 million, or $268,000/unit, for the 250-unit Ellison apartment property in the Atlanta suburb of Kennesaw, Ga. The Atlanta REIT bought the property, at 1650 North Roberts Road, from Newport Development ...
Simon Loses Ga. Mall as CMBS Trusts Foreclose Against $177.5Mln Loan
Commercial Real Estate Direct Staff Report The CMBS trusts that hold $177.5 million of mortgage debt against the Town Center at Cobb shopping mall in Kennesaw, Ga., have taken the property through foreclosure. The move was expected as Kroll Bond ...
60-500 Chastain Center Blvd.
Chastain Center office property is 86 percent occupied.
Mountain Park West apartments/1925 Old 41 Highway
more than 95 percent occupied.
TownPark Commons
99 percent leased.
Kennesaw Marketplace retail center
99 percent leased.
Walden Ridge/3093 Cobb Parkway NW
The Rochester, N.Y., REIT lined up $23.6 million of Freddie Mac financing for its purchase. The 10-year loan pays only interest for the first seven years, after which it amortizes on a 30-year schedule. It carries a 4.02 percent coupon.
Mountain Park Estates/1925 Old 41 Highway NW
98 percent leased. The buyer used a $44.5 million loan from CIBC to help fund the purchase of the property.
Chastain Center/60-500 Chastain Center Blvd.
67 percent leased.The property is encumbered by a $26.5 million loan that was securitized through ML-CFC Commercial Mortgage Trust, 2006-1. The loan, which has been on the master servicer's watchlist, is slated to mature next week. The loan amortizes on ...
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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.
