The following story has been edited to correct the CMBS deal name. Commercial Real Estate Direct Staff Report The $42.4 million CMBS loan against the Gallery at South Dekalb, a 703,598-square-foot shopping mall in suburban Atlanta, has been modified ...
Commercial Real Estate Direct Staff Report Morgan Stanley has provided $74 million of financing against the Palmer Center, a 459,500-square-foot office property in Colorado Springs, Colo., allowing the property's owner, a venture led by the principals of Unilev Capital Corp., ...
Commercial Real Estate Direct Staff Report Pennsylvania REIT has paid off the $55.6 million CMBS loan against its Magnolia Mall in the Charlotte, N.C., suburb of Florence, S.C. The Philadelphia REIT funded the payoff primarily by tapping a credit facility ...
Detroit Free Press A receiver handling the Northland Center Mall in Southfield, Mich., has requested court authorization to close the suburban Detroit property, whose inline space backs a $26.8 million loan that's securitized through Credit Suisse First Boston Mortgage Securities ...
Commercial Real Estate Direct Staff Report Vanderbilt Partners has struck a deal to pay roughly $50 million, or $176/sf, for Palmer Plaza, a 284,000-square-foot office property in Nashville, Tenn. The Chicago company is buying the 18-story building, at 1801 West ...
Walton Street Capital, Rubenstein Partners, TA Realty Associates and DRA Advisors are said to be the final bidders to buy Palmer Plaza, a 284,000-square-foot office building in downtown Nashville, Tenn., that is being offered for sale by Alex S. Palmer ...
Star-Tribune Developer United Properties has broken ground on a 240,000-square-foot office building at 5th Street and 5th Avenue North in downtown Minneapolis. The property is being developed for Be the Match, a nonprofit agency that promotes bone marrow and umbilical-cord ...
Commercial Real Estate Direct Staff Report The $69.6 million CMBS loan against 270 Corporate Center, a 449,443-square-foot office complex in Germantown, Md., has been modified into two notes and its maturity extended for two years to July 2017. The loan ...
KBS REIT III Inc. has confirmed that it has agreed to buy 500 West Madison St., a 1.5 million-square-foot office building in Chicago. The Newport Beach, Calif., REIT, whose shares do not trade on any exchange, is buying the property ...
The co-owners of the Seagram Building in Manhattan are in a legal dispute over a $160 million loan that is backed by the 791,991-square-foot office property, according to the Wall Street Journal. Harry Lis has filed a lawsuit in New ...
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved..