Deal Name: 2005-FL10
Berkshire Mall in Lanesboro, Mass., to Sell
iBerkshires The Pyramid Cos. is expected to sell the Berkshire Mall in Lanesboro, Mass., next month to a Tennessee real estate investor. CBL & Associates Inc. has been working on behalf of the prospective buyer. The mall backs a $36.9 ...
Brooklyn, N.Y., Office Building to be Redeveloped into Residential Space
New York Observer Forest City Ratner is planning to replace an office building it owns in Brooklyn, N.Y., with a residential development. The property, 10 MetroTech Center at 625 Fulton Ave., had backed a nonperforming $52.5 million senior loan that ...
JPMorgan Launches $375Mln CMBS Deal Against Palisades Center
Commercial Real Estate Direct Staff Report JPMorgan Securities has launched marketing for a $375 million CMBS deal backed by the senior portion of a financing package it provided against the Palisades Center, a 2.3 million-square-foot shopping center in West Nyack, ...
$59Mln of Debt Backed by Pyramid Retail Properties Retired
Commercial Real Estate Direct Staff Report Pyramid Cos. last month paid off $59 million of securitized debt on two of its retail properties in upstate New York and still faces looming maturities on another $553.1 million backed by two other ...
Extension of Palisades Center Loan Prompts CMBS Upgrade
Commercial Real Estate Direct Staff ReportFitch Ratings has upgraded three classes of COMM, 2005-FL10, that are tied to a $550 million mortgage on the 2.3 million-square-foot Palisades Center shopping mall in West Nyack, N.Y., because the loan's balance will be ...
Pyramid Gets 2-Year Extension on Palisades Center CMBS Debt
Commercial Real Estate Direct Staff ReportPyramid Cos. has struck a deal with special servicer Helios AMC, extending the maturity of a $550 million mortgage on its Palisades Center retail property in West Nyack, N.Y., to 2012.The mortgage is the largest ...
Pyramid Gets 1-Year Extension on $140Mln Mall Loan
By John Covaleski, Commercial Real Estate Direct Staff WriterPyramid Cos. has obtained a one-year extension on a $140 million loan on its Galleria at Crystal Run, a 955,073-square-foot retail mall in Middletown, N.Y.But so far, it has been unable to ...
Pyramid Cos. Faces Feb. Maturity of $140Mln Loan on N.Y. Mall
By John Covaleski, Commercial Real Estate Direct Staff WriterPyramid Cos. is facing challenges refinancing a $140 million mortgage against a super-regional mall in Middletown, N.Y.The senior debt on the 955,073-square-foot Galleria at Crystal Run, at the intersection of interstates 84 ...
Fitch Downgrades Bonds from 3 CMBS Deals
HTML clipboardFollowing is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DebtX (collateral value, % of par)* Class Size $mln Fitch New Rating Fitch Old Rating Reason for Rating Action ...
BPG Pays $75Mln for Suburban St. Louis Office Complex
BPG Properties has paid $75 million for Pierre Laclede Center, a 577,181-square-foot office complex in St. Louis. The firm acquired the two-building complex on behalf of Berwind Property Group from BayNorth Capital.
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