Commercial Real Estate Direct Staff Report The $100 million mortgage that Wells Fargo Bank had provided against 1200 Waters Place, a 422,452-square-foot office building in the Bronx, N.Y., pays a coupon of 4.2 percent. The four-story building, a former psychiatric ...
Commercial Real Estate Direct Staff Report The defeasance of the $242 million CMBS loan against a portfolio of Seattle office properties owned by Martin Selig Real Estate was handled by Waterstone Defeasance LLC. Waterstone, a Charlotte, N.C., specialist in such ...
A $93.2 million CMBS loan against a 526,245-square-foot office property in the Las Colinas section of Irving, Texas, that's leased to NEC America Inc. has been paid off. The pay off, highlighted by Barclays Capital in a research brief yesterday, ...
Parkway Properties Inc. has struck a deal to sell 19 office properties with 2.1 million square feet for a total of $237 million. The properties are part of a 3 million-sf portfolio that Parkway, an Orlando, Fla., REIT, is buying ...
Parkway Properties Inc. has agreed to pay $475 million for a 3 million-square-foot portfolio of office properties. But it is planning to sell off most of the portfolio and keep only three buildings in Tampa, Fla. The Orlando, Fla., ...
Commercial Real Estate Direct Staff Report The $136.6 million mortgage against a portfolio of 30 office properties in Florida and Tennessee with 1.4 million square feet owned by a venture of DRA Advisors and Colonial Properties Trust has been modified ...
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 JPMorgan Commercial Mortgage ...
Commercial Real Estate Direct Staff ReportBoston Properties has lined up $387 million of financing for two Manhattan office buildings, allowing it to retire $453.5 million of debt that was maturing.The Boston REIT had to come out of pocket to pay ...
Boston HeraldLenders to the 706,000-square-foot Hanover Mall in Hanover, Mass., have acquired the suburban Boston property for $36.7 million at a foreclosure auction. The mall's previous owner, Walton Street Capital, defaulted on $87.5 million of debt that was securitized through ...
Crain's Chicago BusinessA foreclosure auction is scheduled for Feb. 4 on the 706,000-square-foot Hanover Mall in suburban Boston. Walton Street Capital stopped making payments on the Hanover, Mass., property last summer. The Chicago company was hoping to get the $87.5 ...
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© 2023 Commercial Real Estate Direct All rights reserved..