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The Koger Center office complex in Tallahassee, Fla., has been sold for $33.68 million, or $39.60/sf, resolving the last remaining loan in the collateral pool of a legacy CMBS transaction. The loan has been troubled for years, and its collateral ...
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 ...
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 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 ...
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 ...
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 ...
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