Commercial Real Estate Direct Staff Report The $63 million, or $93.50/sf, sale of Continental Plaza in Hackensack, N.J., resulted in a loss of $74.1 million to the $88 million CMBS loan against the 673,930-square-foot office property, according to a report ...
NJ Biz Capstone Realty Group and JD Cos. have acquired Continental Plaza, a 650,000-square-foot office property in Hackensack, N.J., for $63 million, or $97/sf. The property, at 401, 411 and 433 Hackensack Ave., was offered for sale last April through ...
LNR Partners Inc. is offering for sale the Continental Plaza, a 673,930-square-foot office property in northern New Jersey that had served as collateral for $88 million of CMBS debt. The property at 401-433 Hackensack Ave. in Hackensack, N.J., could sell ...
Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes Credit Suisse First ...
New York Observer Barclays Capital has provided a $25 million loan against the Southport Plaza, a 192,080-square-foot office property in Staten Island, N.Y. The 10-year loan, which will be securitized, was arranged by Avison Young. It replaced a loan with ...
Daily Business Review An affiliate of GFI of New York has been hit with a $21.5 million foreclosure suit pertaining to its Crystal Lake Apartments in Miami. The debt against the property is securitized through JPMorgan Chase Commercial Mortgage Trust, ...
An increase in expected losses from loans in special servicing has prompted Moody's Investors Service to place on review for downgrade 14 classes of JPMorgan Chase Commercial Mortgage Securities Corp., 2004-CIBC10.A total of eight loans with a balance of $172 ...
Federal Capital Partners is selling 2800 Shirlington Road, a 207,000-square-foot office building in Arlington, Va., to Choi Cos. for $62.5 million. Federal Capital, which acquired the building two years ago for $55 million, offered it through Cassidy & Pinkard Colliers. ...
Shirlington Gateway, a 207,000-square-foot office building in suburban Washington, D.C., is being offered for sale through Cassidy & Pinkard Colliers. Properties in the area have been selling for prices ranging from $232/sf to nearly $600/sf.
November 16, 2004 Class Amt $mln Sub Level% Avg Life (yrs) Rating S&P Rating Moody's Final Pricing (bp) Bnch mark A1 36.47 20.00 1.11 AAA Aaa +8 EDSF** A1A 465.92 20.00 -- AAA Aaa NA swaps A2 91.59 20.00 3.80 ...
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