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BlueLinx Holdings Inc. has sold four of its properties, and will lease them back under long-term agreements, generating $110 million of proceeds that it has used to pay off a $97.8 million CMBS loan that was modified in 2016. The ...
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 Bear Stearns Commercial ...
The Real Deal Onni Group has purchased Glendale Center, a 390,000-square-foot office building in Glendale, Calif., for $83 million, or $213/sf. The property at 611 North Brand Blvd. serves as collateral for a $125 million loan that's securitized through Wachovia ...
Rexford Industrial Realty has paid $15 million for a two-building industrial property with 145,531 square feet in City of Industry, Calif. The former lumber warehouse, at 14742-14750 East Nelson Avenue, about 20 miles east of Los Angeles, was purchased from ...
Commercial Real Estate Direct Staff Report Universe Holdings has refinanced its Acacia Park apartment property in San Bernardino, Calif., paying off the property's previous securitized financing in full. The Los Angeles multifamily specialist has owned the property, at 5280 North ...
The Real Deal A venture that includes the Chetrit Group is in talks with a New York bank to provide fresh debt against three office buildings at 500-512 Seventh Ave. and 228 West 38th St. in midtown Manhattan. The buildings, ...
Midwest Real Estate News A venture of Princeton Enterprises has obtained a $12.8 million loan against the 480-unit Lincoln Towers Apartments at 15075 Lincoln St. in the Detroit suburb of Oak Park, Mich. Bernard Financial Group of Detroit arranged the ...
Commercial Real Estate Direct Staff Report Citigroup provided $260 million of mortgage financing against Illinois Center, a 2.1 million-square-foot office complex in Chicago that was acquired by AmTrust Realty Corp. for $376 million, or nearly $180/sf. A piece of the ...
Equity Commonwealth has struck a deal to sell the 2.1 million-square-foot Illinois Center in Chicago for $376 million, or nearly $180/sf. The Chicago REIT, the former CommonWealth REIT, has agreed to sell the two-building complex to AmTrust Realty Corp. ...
LNR Partners has put up for sale three office buildings in Beverly Hills, Calif., that it took by foreclosing on a $47 million CMBS loan in 2012. The three buildings, commonly referred to as the Beverly Hills Office Pool, have ...
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