Commercial Real Estate Direct Staff Report CBRE has been hired to market for sale the Lawrence Shopping Center, a 393,430-square-foot retail property in the Trenton, N.J., suburb of Lawrenceville, N.J. The property, on Business Route 1, a major thoroughfare in ...
Crain's Chicago Business Arlington Town Square in suburban Chicago is on the sales market, six years after its foreclosure. The 137,300-square-foot shopping center in Arlington Heights, Ill., is owned by Wachovia Bank Commercial Mortgage Trust, 2007-C33. The CMBS trust took ...
Ashford Hospitality Prime Inc. has struck a deal to sell the Courtyard Seattle Downtown for $84.5 million, or $338,000/room. The property is one of four that the Dallas company had put on the sales block last month, after it had ...
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 JPMorgan Chase Commercial ...
Commercial Real Estate Direct Staff Report TD Bank has provided $100 million of financing against 560 Broadway, a 128,956-square-foot office/retail building in the Soho area of Manhattan. The debt was used to defease, or replace with government securities, a $40 ...
Charlotte Business Journal Torchlight Loan Services, representing lender U.S. Bank, is seeking a receiver for Three Resource Square, a 121,686-square-foot office property in Charlotte, N.C., that backs $15.3 million of CMBS debt. The company is special servicer for the trust ...
Wall Street Journal Ladder Capital has provided fresh financing against a portfolio of 42 apartment buildings with 1,646 apartment units in New York City. A venture that includes Normandy Real Estate Partners and Westbrook Partners owns the portfolio, which had ...
The Real Deal WeWork has agreed to lease 108,000 square feet at 79 Madison Ave. in Manhattan. The property, owned by Colliers International, backs a $55 million loan that's securitized through Wachovia Bank Commercial Mortgage Trust, 2007-C33. The debt matures ...
Wall Street Journal A deal to settle foreclosure proceedings against a portfolio of 1,646 below market-rate apartment units in New York City is expected to be finalized this week. Terms of the settlement would include refinancing the portfolio, which has ...
Commercial Real Estate Direct Staff Report Informatica Corp., a Redwood City, Calif., information-technology company, said it has paid $148.6 million, or nearly $512/sf, for 2000 and 2100 Seaport Blvd., a pair of office buildings with 290,305 square feet in Redwood ...
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