Deal Name: 2004-GG1
Tallest Building in Kentucky Up for Sale, Driven by Maturity of CMBS Loan
The owner of the 759,650-square-foot 400 West Market St. office building in downtown Louisville, Ky. - the state's tallest building - has put the property up for sale through HFF. A sale would resolve a matured $103.1 million CMBS loan ...
Cleveland-Area Retail Center Being Prepared for Sales Listing
Crain's Cleveland Business The court-appointed receiver for the 644,501-square-foot Severance Town Center in Cleveland Heights, Ohio, is trying to bring more tenants to the property to prepare it for sales marketing this summer. The suburban Cleveland retail property backs a ...
Debt Against Cleveland-Area Retail Center Headed to Foreclosure
Cleveland Plain Dealer An affiliate of NorthStar Realty Finance Corp., acting as special servicer for Greenwich Capital Commercial Funding Corp., 2004-GG1, is foreclosing on a $39.2 million loan against the 644,501-square-foot Severance Town Center retail property in Cleveland Heights, Ohio. ...
Loan Against Suburban Cleveland Shopping Center Sent to Special Servicer
Commercial Real Estate Direct Staff Report A $40 million CMBS loan against a 644,501-square-foot shopping center in suburban Cleveland has been transferred to special servicing, roughly three months before it matures and three months after the property lost its anchor ...
Chicago Retail Center Selling for $31.5Mln
Crain's Chicago Business Acadia Realty Trust is paying $31.5 million, or about $504/sf, for Lincoln Park Centre, a 62,500-square-foot retail property in Chicago's Lincoln Park area. The White Plains, N.Y., REIT is acquiring the property from Structured Development LLC, its ...
Downtown L.A. Office Trophy Expected to Fetch $180Mln
Commercial Real Estate Direct Staff ReportSimon and Daniel Mani are putting 801 Tower, a 458,149-square-foot trophy office building in downtown Los Angeles, on the sales market.Madison Partners has the listing for the property at 801 Figueroa St., which is expected ...
Younan to Pay $124Mln for Chicago’s 180 N. LaSalle
Younan Properties has agreed to pay $124 million for 180 N. LaSalle St., a 770,191-square-foot office building in Chicago.The Los Angeles investor has made a $5 million non-refundable deposit on the 38-story building and expects to complete its purchase by ...
Tishman Venture Strikes New Deal for Manhattan’s 885 Third Ave.
Commercial Real Estate Direct Staff report A venture led by Tishman Speyer Properties is selling 885 Third Ave., a 587,000-square-foot office building in midtown Manhattan, for $647 million. SL Green Realty Corp. and Gramercy Capital Corp., both of New York, ...
JPMorgan Venture to Pay $219Mln for Cincinnati Mixed-Use Property
A venture between JP Morgan Asset Management and Casto Lifestyle Properties has agreed to pay $219 million for Rookwood, a 753,110-square-foot mixed-use property in suburban Cincinnati. The property contains retail and office space and is being sold by Jeffrey R. ...
MOODY’S CMBS UPGRADES
Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionCredit Suisse First Boston Mortgage Securities Corp., 2004-C41,110.01,140.0B39.8Aa1Aa2Defeasance (7.9 percent of pool); increased subordinationGreenwich Capital Commercial Funding Corp., 2004-GG12,500.02,600.0B61.8AaaAa2Defeasance (11 percent of pool)---C26.0Aa2Aa3----D52.0A1A2-
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