389-Unit Apartment Property Opens in Morgan Hill, Calif.
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SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
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The modification of the $317 million of CMBS financing against a portfolio of 56 apartment properties that had been owned by Empire American Holdings also might effectively forgive some $62 million of servicer advances and appraisal subordinate entitlement reductions. The ...
Commercial Real Estate Direct Staff Report The Chetrit Group has acquired a portfolio of 56 apartment properties with 5,400 units in a complex transaction that involved the modification and assumption of what had been $317 million of seriously delinquent CMBS ...
Crain's New York Business The five CMBS trusts that own the 11,227-unit Stuyvesant Town/Peter Cooper Village apartment complex in Manhattan are on the hook to reimburse current and former tenants for their over-payment of rents, according to a court ruling. ...
Orlando Business Journal U.S. Bank has taken control of the Trails Shopping Center, a 151,150-square-foot retail property in Ormond Beach, Fla. The bank named Continental Real Estate Co. as the receiver for the property, which had been owned by Jaffe ...
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 COBALT CMBS Commercial Mortgage ...
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 Reason for Rating Action ...
Commercial Real Estate Direct Staff ReportThe buzz is that Pebblebrook Hotel Trust is buying the 265-room Argonaut Hotel in San Francisco from Kimpton Hotels & Restaurants.Pebblebrook, a Bethesda, Md., REIT, declined to comment. In a recent public filing, it said ...
Commercial Real Estate Direct Staff ReportManhattan's Stuyvesant Town/Peter Cooper Village apartment complex has been appraised at $2.8 billion, according to reports from the trustees for two of the five CMBS deals that hold $3 billion of debt against the 11,227-unit ...
Commercial Real Estate Direct Staff ReportManhattan's Stuyvesant Town/Peter Cooper Village was, according to the Wall Street Journal, appraised at a value of $2.8 billion - not far off from the $3 billion balance of securitized debt on the property. A ...
Wall Street JournalTrustees for the senior debt backed by Stuyvesant Town/Peter Cooper Village in Manhattan have moved to foreclose on the financing and scheduled an Oct. 4 auction for the 11,227-unit apartment complex. Last month, the trustees sued to block ...
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