Deal Name: 2007-9

Commercial Real Estate Direct Staff Report NorthStar Realty Finance Corp. has agreed to buy the B-piece of an upcoming $2 billion CMBS transaction that includes loans originated by Deutsche Bank, UBS and Ladder Capital Finance. The New York finance company ...

Press of Atlantic CityU.S. Bank is seeking to foreclose on the debt against the Atlantic City Hilton Casino Resort in Atlantic City, N.J. A hearing is scheduled for tomorrow morning. The property is owned by Resorts International Holdings, an affiliate ...

Press of Atlantic CityThe Hilton Casino Resort in Atlantic City, N.J., has defaulted on $960 million of securitized debt. The loan, which is securitized through JPMorgan Chase Commercial Mortgage Securities Corp., 2007-FL1, also covers two sister casinos in Tunica, Miss., ...

Press of Atlantic CityU.S. Bank is seeking receivership for the Atlantic City Hilton Casino Resort in Atlantic City, N.J. Colony Capital, which owns the property, has failed to make payments on its mortgage since July 2009. The property, along with ...

Commercial Real Estate Direct Staff ReportJPMorgan Chase Commercial Mortgage Securities Corp., 2007-FL1, has seen appraisal reductions totaling 38.7 percent of its total balance, making it among the hardest-hit multi-borrower CMBS deals, according to Bloomberg for CMBS.The transaction was especially hard ...

Crain's Chicago BusinessThe 412-room Westin Chicago North Shore in Wheeling, Ill., has been hit with a foreclosure suit. The property at 601 N. Milwaukee Ave. backs $86 million of debt that was securitized through JPMorgan Chase Commercial Mortgage Securities Trust, ...

LaSalle Hotel Properties has paid $95 million for the 237-room SofitelLafayette Square in Washington, D.C.The Bethesda, Md., REIT bought the hotel from a venture of GEM Realty FundIII, Whitehall Street Global Real Estate LP 2005 and Accor SA.The property sits ...