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The following story has been edited to clarify that the property's 10 percent cash flow decline has been since 2014. The massive Destiny USA mall in Syracuse, N.Y. - among the largest shopping malls in the country - has ...
Zamir Equities has paid $25.25 million, or about $83/sf, for One Lincoln Center, a 305,594-square-foot office building in Syracuse, N.Y. The New York real estate investment firm purchased the 19-story building, at 110 West Fayette St., from Sovereign Partners of ...
Commercial Real Estate Direct Staff Report The Great Northern Mall near Syracuse, N.Y., recently was sold to Kohan Retail Investment Group for $11 million. The transaction resolved a $32.2 million mortgage that had been securitized through Bears Stearns Commercial Mortgage ...
Atlanta Business Chronicle An affiliate of Peak Campus has proposed developing a 604-bed student-housing project in Syracuse, N.Y. The Atlanta student-housing developer is planning the seven-story project for the northwest corner East Genesee Street and South Crouse Avenue. It will ...
Commercial Real Estate Direct Staff Report Macerich Co. has conveyed the Great Northern Mall near Syracuse, N.Y., to its lender in a deed-in-lieu of foreclosure. A total of 504,743 square feet of the 895,000-sf shopping center, in Clay, N.Y., serves ...
Phillips Edison & Co. has sold the 164,661-square-foot River Mall Shopping Center in Baldwinsville, N.Y. The buyer and purchase price were not disclosed. CBRE brokered the deal. The property, at 2265 Downer St., is 15 miles north of downtown Syracuse, ...
Class Amt $mln LTV% Avg Life (yrs) Rating S&P Rating Kroll Pricing % Final Pricing (bp) Bnch mark A 215.00 30.3 4.85 AAA AAA 103.000 +100 swaps B 47.80 37.0 4.85 AA- AA- 103.000 +134 swaps C 35.80 42.1 4.85 ...
The $35.2 million CMBS loan against the Great Northern Mall near Syracuse, N.Y., has been extended for two additional years, according to TreppWire. The loan is the largest in the collateral pool of Bears Stearns Commercial Mortgage Securities Trust, 2004-PWR3, ...
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