Standard & Poor's has upgraded six classes of Wachovia Bank Commercial Mortgage Trust, 2003-WHALE2, because its collateral balance has shrunk substantially.In addition, the property backing the remaining collateral loan has performed well.The deal's balance is $94.5 million, compared with $985.1 ...
The REIT is buying the Southdale Center in Edina, Minn., and Southridge Mall in Greendale, Wis., from a venture led by Blackstone Real Estate Advisors.
The opportunistic investment firm is marketing for sale two shopping malls in Ohio and North Dakota. Granite Partners was hired to market the properties, which could generate a total of more than $260 million from a sale.
April 1, 2004 Rouse Co. (NYSE:RSE) has completed its $510 million purchase of Providence Place, a 1.3 million-square-foot shopping mall in Providence, R.I.The property was purchased from Commonwealth Development Group, which was advised on the sale by Holliday Fenoglio Fowler's ...
February 3, 2004 Commercial Real Estate Direct Staff ReportThe Rouse Co. (NYSE:RSE) has signed a contract to buy Providence Place, a 1.3 million-square-foot shopping mall in downtown Providence, R.I., for $522 million.The Columbia, Md. REIT will assume the property's $240 ...
June 13, 2003 Class Amt ($mln) Sub Level (%) Avg Life (yrs) Rating Moody's Rating S&P Rating Fitch Final Pricing (bp) Bnch mark A-1 254.00 48.47 1.61 Aaa AAA AAA +19 1-mo Libor A-2 253.60 48.47 1.84 Aaa AAA AAA ...
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