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 ...
Goldman Sachs has provided $85 million of financing against the 427,483-square-foot office building at 135 East 57th St. in midtown Manhattan, allowing for the property's CMBS loan to get retired. The CMBS loan was in a pinch as the building ...
Commercial Real Estate Direct Staff Report The $210 million CMBS loan against the 633,908-square-foot Waterview office property in Rosslyn, Va., has been retired as a result of the property's purchase by Morgan Stanley Real Estate Investing. The loan had been ...
Commercial Real Estate Direct Staff Report Germany's Otto family is taking public its Paramount Group, which owns 12 office buildings with 10.4 million square feet in Manhattan, Washington, D.C., and San Francisco. The company, which would operate as a REIT, ...
Wall Street Journal Google Inc. is in talks with several Manhattan landlords to lease as much as 600,000 square feet of office space. The Internet company leases roughly 395,000 sf at Chelsea Market, a 1.2 million-sf office and retail building ...
New York Post Google Inc. has agreed to lease 360,000 square feet at 85 Tenth Ave., a 540,000-sf office building in Manhattan that's owned by the Related Cos. Related purchased the property in 2007 for $430 million. The building backs ...
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 Credit Suisse Commercial ...
Commercial Real Estate Direct Staff Report RXR Realty has agreed to buy a controlling interest in 620 Avenue of the Americas in Manhattan in a deal that values the 700,000-square-foot office building at $500 million, or $714.30/sf. A venture that ...
An $11.6 million loan on the 63,363-square-foot Sorrento Technology Center in San Diego is in default. The two-building complex, at 10140 and 101080 Barnes Canyon Road, is owned by Pacific Office Properties Trust of San Diego. The loan was securitized ...
The 191,000-square-foot Britannia Business Center III in Pleasanton, Calif., has defaulted on its $35 million mortgage, according to the Silicon Valley Mercury News. The property was part of a larger office complex owned by Triple Net Properties. The $35 million ...
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