Indianapolis Business Journal Mission Peak Capital has acquired a pair of Indianapolis office properties totaling 634,848 square feet out of foreclosure. The purchase price was not disclosed. The properties are Market Square Center, at 151 North Delaware St., which is ...
Commercial Real Estate Direct Staff Report A group of lenders led by PNC Bank has provided $65 million of secured financing against the Weberstown Mall, with 856,827 square feet in Stockton, Calif. The loan has a two year term, but ...
Metropolitan Life Insurance Co. and Prudential Insurance Co. of America have provided $550 million of mortgage financing against the Cherry Creek Shopping Center in Denver. The financing was used to retire $280 million of CMBS financing that was slated to ...
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 Morgan Stanley Capital I ...
Delaware Life Insurance Co. has provided $240 million of financing against three Ritz-Carlton hotels owned by Millennium Partners ventures in Manhattan and Washington, D.C. It lent $135 million against the leasehold interest in the 261-room property at 50 Central Park ...
Pittsburgh Post-Gazette HSBC Bank USA has taken, through foreclosure, space in Pittsburgh's One Chatham Center. The space taken by the bank is the property's first floor, as well as floors three through nine. Its remaining space is occupied by the ...
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 ...
Dayton Business Journal MetLife Core Property Fund has paid $68.6 million, or about $158/sf, for the Voice of America Centre, a 435,000-square-foot shopping center in West Chester, Ohio, that backs $45.25 million of CMBS debt. A $15 million loan that ...
Commercial Real Estate Direct Staff Report A $26.4 million CMBS loan against two Indianapolis office buildings with 608,054 square feet, or almost 9 percent of the central business district's total class-A inventory, has been sent to special servicer C-III Asset ...
The investment group that owns four Ritz-Carlton hotels is at risk of defaulting on a $195.9 million loan backed by the properties. The hotels, in Washington, D.C., and Manhattan, are owned by Millennium Partners and German banks ERGO Versicherungsgruppe AG ...
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