Deal Name: 2007-C30
New York Life Lends $90Mln Against 2 Washington, D.C., Offices
New York Life Real Estate Investors has provided $90 million of mortgage financing against a pair of office buildings in Washington, D.C., owned by TF Cornerstone. The two loans both have 15-year terms and were used to retire $77 million ...
Modified $62.1Mln CMBS Loan Against N.J. Offices Moves to Special Servicing Again
Commercial Real Estate Direct Staff Report A $62.1 million CMBS loan that was modified three years ago has transferred to special servicing once again as it's expected to default when it matures in February. The loan is securitized through Wachovia ...
CWCapital Offers Reno, Nev., Apartment Property
Commercial Real Estate Direct Staff Report CWCapital Asset Management is offering for sale the Lakeridge East apartment complex, a 310-unit property in Reno, Nev., that it has been managing as special servicer for nearly seven years. It has hired Mission ...
CMBS Loan Against Boston’s One Congress Gets Term Extension
Commercial Real Estate Direct Staff Report The $190 million CMBS loan against Boston's One Congress St. office and retail property has been extended through August 2017, according to a report by TreppWire. The loan is securitized through Wachovia Bank ...
REIT Plans to Retire $749.5Mln CMBS Office Loan
Commercial Real Estate Direct Staff Report Etre Asset Management, which is planning to buy a 48.8 percent stake in Boston's State Street Financial Center, expects to retire the 1 million-square-foot office property's $749.5 million of securitized debt before its scheduled ...
REIT to Pay $25.8Mln for Colo. Office Property
City Office REIT Inc. has agreed to pay $25.8 million, or $173.15/sf, for Superior Pointe, a 149,006-square-foot office building in the Boulder, Colo., suburb of Superior, Colo. The REIT, which is headquartered in Vancouver, British Columbia, and invests in properties ...
Loan Against Suburban Detroit Mall Sent to Special Servicer
The $37.5 million of CMBS debt against 632,536 square feet of the 1.4 million-sf Eastland Center mall in the Detroit suburb of Harper Woods, Mich., has been moved to special servicing because of an expected non-monetary default. The loan is ...
$190Mln CMBS Loan Against Boston’s One Congress Moves Back to Master Servicer
Commercial Real Estate Direct Staff Report The $190 million CMBS loan against Boston's One Congress St., which was moved to special servicing last October because it was expected to default, has been transferred back to master servicing. It hasn't missed ...
Single-Property REIT Planned for Purchase of Stake in Boston Office
After failing in its first attempt to launch a single-asset REIT, Etre Asset Management is preparing another that would fund the purchase of a stake in Boston's 1 million-square-foot State Street Financial Center. Its purchase is said to value the ...
CMBS Loan Against One Congress Gets Shipped to CWCapital Again
Commercial Real Estate Direct Staff Report The modified CMBS loan against One Congress St., a 313,527-square-foot office and retail building in Boston, has been transferred to special servicing once again. The $190 million loan, securitized through Wachovia Bank Commercial Mortgage ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
