Cinda Capital Management teamed up with Zeller Realty Corp. on the $305 million purchase of 311 South Wacker Drive, a 1.3 million-square-foot office building in Chicago, according to a report in the Wall Street Journal. The newspaper said Cinda, a unit of ...
Crain's Chicago Business CBRE plans to vacate its 68,000 square feet of office space at 311 South Wacker Drive in Chicago. The brokerage has signed an 11-year lease for 61,400 sf at 321 North Clark St., elsewhere in the city. ...
Southern California Gas Co., which occupies nearly 530,000 square feet in Los Angeles' Gas Co. Tower, is reducing its space to 350,000 sf. Meanwhile, the rent it pays is being cut as well. That could spell big trouble for the ...
The Main Street Commons shopping center in St. Charles, Ill., is encumbered by a $24 million mortgage that was securitized through Wachovia Bank Commercial Mortgage Trust, 2006-C28. The loan is more than 60-days late. A story published on July 6, ...
Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes ML-CFC Commercial Mortgage Trust, ...
Winthrop Realty Trust has agreed to pay $19.84 million for a B-note with a balance of $23.5 million that is backed by 500-512 Seventh Ave., a 1.2 million-square-foot office complex in Manhattan.The midtown property also is encumbered by $253.67 million ...
Dallas Business JournalU.S. Bank has purchased the Las Colinas Four Seasons Resort and Club in Irving, Texas, at a foreclosure auction with a bid of $122 million. The bank is trustee for Wachovia Bank Commercial Mortgage Trust, 2006-C28, which holds ...
Fort Worth Star-TelegramU.S. Bank has posted for a foreclosure sale the 431-room Four Seasons Resort and Club in Irving, Texas. BentleyForbes bought the 400-acre resort in 2006 for $230 million, using $183 million of senior financing to acquire it. The ...
Expected losses from loans in special servicing have prompted Moody's Investors Service to place the AAA rating of the $359.5 million A-M class of Wachovia Bank Commercial Mortgage Trust, 2006-C28, on review for possible downgrade.A total of nine loans with ...
Commercial Real Estate Direct Staff ReportThe owner of Dallas' Four Seasons Resort and Club failed to make a scheduled monthly payment on its $175 million of securitized debt and is likely to default on the loan.The move contributed to a ...
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