The departure last year of its largest tenant has hit Boston's One Congress Street hard, prompting the transfer of a $190 million loan against it to special servicing. The property is 28 percent occupied, with cash flow that is nearly ...
Dallas Business Journal A $180 million securitized loan against Dallas' Comerica Bank Tower has been transferred to special servicing, according to Fitch Ratings. The debt against the 60-story tower, with 1.7 million square feet at 1717 Main St. is securitized ...
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 Wachovia Bank 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 Notes Wachovia Bank Commercial ...
Hudson Pacific Properties has agreed to pay $46 million for 10950 Washington Blvd., a 158,873-square-foot office building in Culver City, Calif.The Los Angeles REIT is buying the property from Embarcadero Capital Partners and is expected to assume a $30 million ...
Commercial Real Estate Direct Staff ReportThe volume of CMBS loans in the hands of special servicers fell by $2 billion in August to $86.3 billion, marking the second straight month that volumes have fallen, according to Realpoint.Because the overall universe ...
The New York State Supreme Court has dismissed a claim by a venture led by Optibase Ltd. that SL Green Realty Corp. had breached an agreement to sell it a stake in 485 Lexington Ave., a 921,000-square-foot office building in ...
Commercial Real Estate Direct Staff ReportCWCapital Asset Management, special servicer for the $3 billion of securitized debt on Manhattan's Stuyvesant Town/Peter Cooper Village apartment complex, has proposed selling the property in two pieces. According to analysis by Deutsche Bank, such ...
HTML clipboardMoody's Investors Servicehas downgraded 82 classes from fiveCMBS deals as part of its review of conduit deals issued between2006-2008, as well as every large-loan deal. The downgrades arethe latest of a large list of rating actions that are expected ...
South Florida Business JournalTwo industrial properties and a retail complex in South Florida have been slapped with separate foreclosure lawsuits. Wells Fargo, as the trustee for Credit Suisse First Boston Mortgage Securities, 2005-C5, filed a foreclosure notice against 8899 N.W. ...
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