City: Tucson
Brookfield Exercises Option to Further Extend CMBS Loan on 2 Shopping Malls
Commercial Real Estate Direct Staff Report The Brookfield Corp. affiliate that owns the Tucson Mall in Tucson, Ariz., and Town East Mall in Mesquite, Texas, has exercised its option to further extend the maturity of the $332.84 million of securitized ...
JW Marriott Tucson Starr Pass Resort & Spa
Fortress had acquired it in 2019 after buying a $78 million CMBS loan against it. The loan was securitized through Credit Suisse Commercial Mortgage Trust, 2006-TFL2, and had matured in 2008. By the time it was sold, it had been in ...
575-Room Resort in Tucson, Ariz., Sells for $110Mln
Commercial Real Estate Direct Staff Report Southwest Value Partners has paid $110 million, or $191,304/room, for the 575-room JW Marriott Tucson Starr Pass Resort & Spa in Tucson, Ariz. The San Diego investor purchased the property from Fortress Investment Group ...
Foothills Bank Lends $35.6Mln for Construction of Tucson, Ariz., Apartments
Commercial Real Estate Direct Staff Report Foothills Bank has provided $35.6 million of financing for the construction of Amavida at Marana, a 200-unit apartment property in Tucson, Ariz. The property is being developed by a venture of Ascent Cos. of ...
Park Place Mall in Ariz. Seen Transferring to CMBS Trust in Deed-In-Lieu
Commercial Real Estate Direct Staff Report The affiliate of Brookfield Asset Management that owns the Park Place Mall in Tucson, Ariz., likely will turn the property over in a deed-in-lieu of foreclosure or other similar arrangement to its lender, the ...
775 West Silverlake Road
The Varnhagen Family Trust has paid $22.3 million, or $450.51/sf, for the 49,500-square-foot industrial property at 775 West Silverlake Road in Tucson, Ariz. The San Francisco trust purchased the property from FEM Real Estate, which had acquired it in 2012 ...
Amazon-Occupied Industrial Property in Tucson, Ariz., Sells for $22.3Mln
Real Estate Daily-News The Varnhagen Family Trust has paid $22.3 million, or $450.51/sf, for the 49,500-square-foot industrial property at 775 West Silverlake Road in Tucson, Ariz. The San Francisco trust purchased the property from FEM Real Estate, which had acquired ...
About
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.
