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Commercial Real Estate Direct Staff Report The recent sale of the Independence Mall in suburban Kansas City, Mo., resulted in a $149.7 million loss to Wachovia Bank Commercial Mortgage Trust, 2007-C33, the CMBS deal that had held a $200 million ...
Commercial Real Estate Direct Staff Report The Aroostook Center Mall in northern Maine, which backs a $10.1 million CMBS loan that has been in special servicing for nearly two years, has finally sold. The 565,537-square-foot property, in Presque Isle, Maine, ...
Commercial Real Estate Direct Staff Report Torchlight Investors is moving forward with the liquidation of 13 industrial properties with 2.1 million square feet that secure a distressed $80.7 million CMBS loan. The loan, securitized through Wachovia Bank Commercial Mortgage Trust, ...
The Independence Mall in suburban Kansas City, Mo., has been sold for $63.3 million to International Growth Properties, a Los Angeles retail property specialist. The sale resolves a distressed $200 million loan that was securitized through Wachovia Bank Commercial Mortgage ...
Crain's Chicago Business A venture led by Cole Capital is turning over the 466,426-square-foot Centerpointe of Woodbridge retail property in suburban Chicago to its lender in a deal-in-lieu of foreclosure. The owner cited the significant drop in the property's occupancy ...
Charlotte Business Journal Cushman & Wakefield is marketing for sale Three Resource Square, a 124,767-square-foot office building in Charlotte, N.C. The property is being offered through the Ten-X online auction platform, with a starting bid of $5.5 million. The auction ...
The following story has been edited to include the fact that Torchlight has begun advertising a proposed trustee sale. Commercial Real Estate Direct Staff Report Torchlight Loan Services, special servicer for the $200 million CMBS loan against Independence Mall in ...
Crain's Chicago Business A venture led by Cole Capital is seeking a modification for the securitized debt that secures Centerpointe of Woodridge, a 466,426-square-foot mall in the Chicago suburb of Woodridge, Ill. The property serves as collateral for a $29.4 ...
Commercial Real Estate Direct Staff Report The $200 million CMBS loan against the Independence Mall in suburban Kansas City, Mo., last month had transferred to special servicing as it approached its early July maturity. The loan is securitized through Wachovia ...
Atlanta Business Chronicle Torchlight Investors has sold the 212,654-square-foot Village Shoppes at Creekside retail property in Lawrenceville, Ga., for $18.5 million, or about $87/sf. The property had backed $39.5 million of financing that was securitized through the 2007-C33 deal. It ...
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