City: Syracuse
Shoppingtown Mall/3649 Erie Blvd. East.
Inline space is about 67 percent occupied. The Las Vegas investment manager, which buys under-performing properties and nonperforming debt, acquired the property from the trust that held the loan, LB-UBS Commercial Mortgage Trust, 2001-C3. The trust could realize a loss ...
Investment Manager Buys Troubled Syracuse, N.Y., Mall from CMBS Trust
Commercial Real Estate Direct Staff Report Moonbeam Capital Investments paid $13.65 million for the Shoppingtown Mall in Syracuse, N.Y., that had backed $37.2 million of CMBS debt. The Las Vegas investment manager, which buys under-performing properties and nonperforming debt, acquired ...
JPMorgan Lent $310Mln Against Carousel Center in Syracuse, N.Y.
Commercial Real Estate Direct Staff Report JPMorgan had provided $310 million of financing against 1.2 million square feet of the Carousel Center in Syracuse, N.Y. The investment bank is set to include a $155 million senior loan against the property ...
JPMorgan-Led Group Lends $420Mln Against Syracuse, N.Y., Mall
Wall Street Journal A group led by JPMorgan Chase & Co. has provided $420 million of debt against the 1.5 million-square-foot Carousel Center shopping mall in Syracuse, N.Y. The mall's owner, Pyramid Cos., used the loan to pay off $310 ...
Macerich Gives Syracuse, N.Y., Mall to CMBS Lender in Deed-in-Lieu of Foreclosure
Commercial Real Estate Direct Staff Report Macerich Co. has turned over, in a deed-in-lieu of foreclosure, the Shoppingtown Mall, a 773,634-square-foot shopping center near Syracuse, N.Y., to the CMBS trust that holds a $38.5 million mortgage against it. The Santa ...
Inland REIT Buys Office in East Syracuse, N.Y.
Inland Diversified Real Estate Trust Inc. has paid Pioneer Cable Partners $18.1 million for a 102,924-square-foot office building in East Syracuse, N.Y., that is the regional headquarters for Time-Warner Cable Inc.The Oak Brook, Ill., REIT, whose shares are publicly registered, ...
Venture Buys Syracuse, N.Y., Hotel; Renovation Planned
A venture of Richfield Hospitality, a hotel-operator affiliate of City Developments Ltd. of Singapore, and Shelbourne Falcon Investors has paid $10 million for a 279-room hotel in Syracuse, N.Y.The deal for the Syracuse Renaissance Hotel included buying the hotel's loan ...
Engineering Firms Sells Dewitt, N.Y., Headquarters Building
Central New York Business JournalO'Brien & Gere sold its Dewitt, N.Y., headquarters building to JF Real Estate for $7.5 million. First Niagara Bank provided financing for the acquisition of the 186,000-square-foot building, on Brittonfield Parkway, in a deal brokered by ...
Cameron Group Offers Auburn, N.Y., Retail Center for $21Mln
Cameron Group is offering for sale a 252,833-square-foot power retail center in Auburn, N.Y. Marcus & Millichap has the listing for the property, Fingerlakes Crossing, which has a $21 million asking price. A sale at that price would result ...
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