City: Tallahassee
CMBS Trust Takes Tallahassee, Fla., Hotel in Foreclosure
Commercial Real Estate Direct Staff Report The 243-room DoubleTree Tallahassee Hotel has been taken through foreclosure by the CMBS trust that had held a $22.94 million loan against it. The loan, securitized through GS Mortgage Securities Trust, 2015-GC32, had been ...
2 of Last 3 Assets in 2007 CMBS Deal Get Resolved
Credit Suisse Mortgage Securities Trust, 2007-C1, has moved a couple steps closer to being retired as two of its three remaining assets have been sold. The Pinnacle at Tutwiler Farms retail center near Birmingham, Ala., sold for $11.58 million, while ...
Dwight Capital Writes $20.16Mln HUD Loan for Fla. Apartments
Dwight Capital has provided $20.16 million of financing under the U.S. Department of Housing and Urban Development's 223(a)(7) program against the 242-unit Twin Oaks at Southwood apartment property in Tallahassee, Fla. The loan allowed the 19-year-old property's owner, an affiliate ...
Value of Fla. Office Backing $103.3Mln CMBS Loan Plunges to $38.7Mln
Commercial Real Estate Direct Staff Report The Koger Center, an 849,765-square-foot office complex in Tallahassee, Fla., has been re-appraised at a value of only $38.7 million. The 18-building property, on a 61-acre parcel at 1131 Executive Center Drive, is encumbered ...
Previously Modified CMBS Loan Against Large Fla. Office Complex Moves to Special Servicing
Commercial Real Estate Direct Staff Report The CMBS loan against the 849,765-square-foot Koger Center office complex in Tallahassee, Fla., once again has transferred to special servicing. This time, it's because it has defaulted. The $106 million loan, securitized through Credit ...
Apartment Property in Tallahassee, Fla., Sells for $41.8Mln
Carter Multifamily has paid $41.8 million, or $95,000/unit, for the 440-unit Polos on the Park apartment property in Tallahassee, Fla. The Tampa, Fla., company acquired the 21-building complex from Orchard Asset Management of Houston. The garden-style property, at 2626 East ...
CMBS Loan Against Koger Center in Tallahassee, Fla., Gets 3-Year Extension
Commercial Real Estate Direct Staff Report The $115.5 million CMBS loan against the Koger Center office property in Tallahassee, Fla., has been modified, with its term extended by three years to 2020. The loan, securitized through Credit Suisse Mortgage Securities ...
$115.5Mln CMBS Loan Against Fla. Office Sent to Special Servicing for Second Time
Commercial Real Estate Direct Staff Report The $115.5 million CMBS loan against the Koger Center office property in Tallahassee, Fla., has been transferred to special servicing for a second time because it's expected to default. The interest-only loan, securitized through ...
Tallahassee, Fla., Office Backing $46.2Mln CMBS Loan Sees $8.5Mln Appraisal
Commercial Real Estate Direct Staff Report Northwood Centre in Tallahassee, Fla., has been appraised at a value of $8.5 million, which means the $46.2 million CMBS loan against it will almost certainly see a substantial loss. The loan is securitized ...
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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.
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