Deal Name: 2007-C2
CMBS Loan Against Chicago’s Two North LaSalle Moves to Special Servicing
The $127.4 million CMBS loan against the 691,410-square-foot office building at Two North LaSalle St. in Chicago once again has transferred to special servicing as it wasn't paid off by its modified maturity date. But it very well could get ...
Long-Troubled CMBS Loan Against Retail Space in The Bronx, N.Y., Nears Refinancing
The investment group that owns the 71,540-square-foot retail property at 300-318 Fordham Road in the Bronx, N.Y., has lined up a new mortgage for the property, which is encumbered by a modified $47.5 million CMBS loan that has been in ...
Debt Against Downtown Minneapolis Office, Hotel in Foreclosure
Minneapolis Star Tribune PCCP LLC has defaulted on a $62.15 million loan against the Northstar Center in downtown Minneapolis, and the debt is now in foreclosure. The property is scheduled to be sold at a Jan. 18 sheriff's sale. The ...
$1Bln of Fresh Debt Lined Up Against Chicago’s Willis Tower
Crain's Chicago Business Blackstone Group has lined up a $1 billion, five-year loan against Chicago's Willis Tower. A venture of Goldman Sachs, Bank of America and Citigroup provided the debt, which was arranged by Eastdil Secured. The financing retires a ...
Fitch Downgrades CWCI 2007-C2, CSFB 2004-C2, BSCMS 2007-T26 and MLMT 2008-C1
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 ...
Terms of South Fla. Office Loan Modified
South Florida Business Journal The $35.2 million CMBS loan against the Flagler Waterview office property in West Palm Beach, Fla., has been modified. Terms of the modification call for the borrower, a company managed by Ivor Braka, a New York ...
TIAA Lends $400Mln Against Washington, D.C., Office Properties
TIAA has provided $400 million of mortgage financing against a portfolio of six office properties with about 1 million square feet in the downtown and East End areas of Washington, D.C. The loan was used by the owner of the ...
Etre Pulls Plug on Plan to Raise Public Capital for Phila. Apartments
Commercial Real Estate Direct Staff Report Etre Asset Management has suspended a plan to raise public equity to buy an 89 percent interest in the 224-unit Penn Treaty Village Penthouses apartment complex in Philadelphia. According to a regulatory filing by ...
Bluerock Offers for Sale Jacksonville, Fla., Office Property
Commercial Real estate Direct Staff Report Bluerock Real Estate is offering for sale the Summit at Southpoint, a 260,664-square-foot office property in Jacksonville, Fla. The New York firm has hired Transwestern to offer the property and has set a $35.25 ...
Tishman Speyer Redeveloping D.C. Office
BizNow Tishman Speyer is redeveloping Presidential Plaza, a 113,000-square-foot office building at 900 19th St NW, Washington D.C. A glass facade will be added to the 37-year-old building, whose lobby and elevators will be redone. It also will get a fitness ...
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