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Commercial Real Estate Direct Staff Report The CMBS loan against the 849,765-square-foot Koger Center office complex in Tallahassee, Fla., once again has transferred to special servicing. This time, it's because it has defaulted. The $106 million loan, securitized through Credit ...
Taconic Capital Advisors, which led the team that recently sold the 723,922-square-foot Chase Tower in Phoenix for $107.5 million, had purchased the distressed loan against the property in April for $62.15 million by exercising a fair-value option. At the time, ...
Phoenix Business Journal A joint venture of Wentworth Property Co. and Taconic Capital Advisors has bought the 723,922-square-foot Chase Tower in downtown Phoenix for $78.8 million, or $109/sf. The sale of the 40-story building, at 201 North Central Ave., includes ...
Commercial Real Estate Direct Staff Report LNR Partners has put the Centennial I and II office property, with 239,475 square feet in Tacoma, Wash., up for sale. The Miami special servicer controls the property on behalf of JPMorgan Chase Commercial ...
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 Notes GE Commercial Mortgage ...
Commercial Real Estate Direct Staff Report The $150 million CMBS loan against City Place, a 698,472-square-foot mixed-use property in West Palm Beach, Fla., is being brought current with the injection of another $5 million of equity into the collateral property ...
Commercial Real Estate Direct Staff Report The $115.5 million CMBS loan against the Koger Center office property in Tallahassee, Fla., has been modified, with its term extended by three years to 2020. The loan, securitized through Credit Suisse Mortgage Securities ...
The buzz is that a non-traded REIT sponsored by Carter & Associates has struck a deal to pay $166 million, or about $167/sf, for the American Cancer Society Center, a 996,000-square-foot office and data-center property in downtown Atlanta. The property ...
Commercial Real Estate Direct Staff Report The $198.5 million CMBS loan against a pair of office buildings in Houston and Phoenix that are fully leased to JPMorgan Chase Bank for another four years has transferred to special servicing as it ...
Commercial Real Estate Direct Staff Report C-III Asset Management has taken over special servicing for the Skyline office portfolio in northern Virginia, which had backed $678 million of CMBS debt. C-III took over the portfolio from CWCapital Asset Management, which ...
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