Commercial Real Estate Direct Staff Report The $27 million mortgage against the Yankee Candle Co.'s headquarters and main distribution facility in South Deerfield, Mass., is being offered for sale. The loan is securitized through ML-CFC Commercial Mortgage Trust, 2007-5. It ...
Metropolitan Life Insurance Co. has provided $150 million of mortgage financing against Tower 45, a 458,446-square-foot office property at 120 West 45th St. in midtown Manhattan. The 10-year loan, arranged by Estreich & Co., helped fund Abraham Kamber & Co.'s ...
SL Green Realty Corp. has struck a deal to sell an office building and a stake in a retail/loft property in Manhattan. The New York REIT has agreed to sell the 440,000-square-foot office building at 120 West 45th St. in ...
The Real Deal SL Green Realty Corp. is offering for sale the 460,000-square-foot Tower 45 office building in midtown Manhattan. The 40-story building, at 120 West 45th St. between Sixth Avenue and Broadway, could sell for more than $350 million. ...
Commercial Real Estate Direct Staff Report The modified $37.5 million CMBS loan against the Cerritos Corporate Tower near Los Angeles has been transferred to special servicing again because it's expected to default. The loan, which was securitized via ML-CFC Commercial ...
New York Post Pzena Investment Management is moving to 320 Park Ave. in Manhattan from 120 West 45th St., a 443,956-square-foot office building that backs $170 million of debt. It is the second largest tenant at 120 West 45th. The ...
Lone Star Funds is said to have acquired The Plaza, a 393,107-square-foot building in Atlanta that had backed $79.7 million of CMBS debt. The Dallas investment manager paid roughly $68 million for the building, which previously was known as Resurgens ...
Indianapolis Business Journal Indianpolis' Century Building, a 147,610-square-foot office property, is being offered at an upcoming sheriff's sale. It backs $8.25 million that's securitized through ML-CFC Commercial Mortgage Trust, 2007-5. The debt has a 5.64 percent coupon and matures in ...
South Florida Business Journal A foreclosure suit has been filed against the owner of a 309,901-square-foot industrial property in Fort Lauderdale, Fla. The 42-year-old property at 5300 North Powerline Road backs $13 million of debt that's securitized through ML-CFC Commercial ...
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 GS Mortgage Securities Corporation ...
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