Piedmont Office Realty Trust Inc. has paid $259.1 million for two office buildings with a total of 1.1 million square feet in Atlanta's Cumberland/Galleria submarket and downtown Orlando, Fla. The Johns Creek, Ga., REIT paid $88.3 million, or about $204/sf, ...
Tier REIT Inc. has hired JLL to market for sale two neighboring office buildings with 385,923 square feet in the Philadelphia suburb of Cherry Hill, N.J. The properties, the Woodcrest Corporate Center at 101 Woodcrest Road, and its neighbor at ...
Kilroy Realty Corp. has paid about $79 million, or about $246/sf, for the 320,905-square-foot Sunset Media Center in Hollywood, Calif. The office building, at 6255 Sunset Blvd., is 87 percent leased to tenants such as VNU Inc., Frederick's of Hollywood ...
Commercial Real Estate Direct Staff Report A venture that includes NewMark Merrill Cos. is seeking new terms for $37.2 million of debt against a suburban Chicago shopping center that has lost its second largest tenant. The debt, backed by the ...
A venture led by Kennedy Wilson has paid $56 million, or $205.25/sf for Stadium Gateway, a 272,826-square-foot office property in Anaheim, Calif. The Beverly Hills, Calif., investment manager bought the property, at 1900 State College Blvd, from a venture of ...
Following is a list of recent downgrades by Moody's Investors Service: Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln DXMark (collateral value, % of par)* Class Size$mln Moody'sNewRating Moody'sOldRating Notes GE Capital Commercial Funding Corp., 2003-C1 665.1 1,200.0 92.7 percent (72.1 percent ...
Dallas CityBiz The $125 million of securitized debt against the Valley View Center retail property in Dallas was resolved at a $103.6 million loss, according to Trepp LLC. The debt was against 733,000 square feet of the 1.1 million-sf property. ...
Orlando Business Journal An entity related to The Brookdale Group has paid $131.5 million, or about $219.17/sf, for the 600,000-square-foot SunTrust Center in Orlando, Fla. An affiliate of Stiles Inc. of Chicago sold the 30-story property at 200 South Orange ...
Dallas Business Journal The vacant Valley View Center in Dallas is scheduled to be posted for foreclosure sale on Feb. 7. The 1.1 million-square-foot retail property was handed back to its lender in August 2010, when its debt went into ...
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 Bear Stearns Commercial Mortgage ...
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