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Commercial Real Estate Direct Staff Report PCCP LLC has provided $25 million of financing for the City Center West office complex in Las Vegas, which recently was acquired by Odyssey Real Estate Capital. The two-building property, at 7201 and 7251 ...
McKinley Crossroads, a 202,134-square-foot retail center in Corona, Calif., in Riverside County, that had backed a $26.1 million CMBS loan will be sold at an upcoming online auction. The property, on just less than 14 acres at 275-280 Teller St., ...
The following story has been edited to correct the seller's name. Commercial Real Estate Direct Staff Report InvenTrust Properties Corp. has paid $72.5 million, or $387.63/sf, for Stevenson Ranch Plaza, a 187,035-square-foot retail center in suburban Los Angeles. The Oak ...
The Real Deal SL Green Realty Corp. has provided a $45 million loan against the 68,285-square-foot office building at 1710 Broadway in midtown Manhattan. The loan was used to retire a $32.5 million loan that was securitized through COMM, 2005-C6, ...
Crain's New York Business C&K Properties has defaulted on the $32.5 million CMBS loan against its 1710 Broadway office building, with 68,285 square feet in midtown Manhattan. The loan, securitized through COMM, 2005-C6, came due in May and wasn't retired. ...
New York Post American Properties Inc. has put Bush Tower, a 260,000-square-foot office building at 130 West 42nd St. in midtown Manhattan, on the sales market. Cushman & Wakefield has the listing, which is expected to fetch about $140 million. ...
New York Life Insurance Co. has provided $180.5 million of financing for 450 Park Ave., a 313,135-square-foot office building in midtown Manhattan owned by Somerset Partners. The debt refinances a $175 million CMBS loan that was open to prepay without ...
Commercial Real Estate Direct Staff ReportThe Communities at Southwood, a 1,286-unit apartment complex in Richmond, Va., has been sold for $24 million.The property was sold by COMM, 2005-C6, a CMBS transaction whose special servicer is Capmark Finance. The deal took ...
Expected losses from 10 loans with a balance of $192.8 million in special servicing prompted Moody's Investors Service to place on review for possible downgrade 11 classes of Credit Suisse First Boston Securities Corp., 2005-C6.The largest loan in special servicing, ...
Standard & Poor's has placed seven classes of COMM, 2005-C6, on creditwatch for possible downgrade because the collateral for the deal's 10th largest loan has fallen in value. The loan, with a balance of $50 million, is backed by Communities ...
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