Deal Name: 2007-CIBC18

Commercial Real Estate Direct Staff Report One of the six remaining loans in the collateral pool for JPMorgan Chase Commercial Mortgage Securities, 2007-CIBC18, has been liquidated, generating a loss of $51.1 million to the trust, whose remaining balance is now ...

Commercial Real Estate Direct Staff Report Somera Road Inc. has purchased the 214,389-square-foot Century City retail center in the northern California city of Modesto, Calif. The New York opportunistic investor bought the 39-year-old property from JPMorgan Chase Commercial Mortgage Securities, ...

Commercial Real Estate Direct Staff Report Douglas Development has paid $12 million, or $146.12/sf, for 116 Defense Highway, an 82,121-square-foot office building in Annapolis, Md., that had backed an $11.6 million CMBS loan that defaulted more than four years ago. ...

Crain's Chicago Business Holland & Knight is planning to vacate 104,000 square feet of office space at Chicago's Citadel Center. The law firm is relocating to 150 North Riverside Plaza, where it will occupy roughly 52,000 sf on floors 26 ...

Commercial Real Estate Direct Staff Report Century Center, a 214,772-square-foot shopping center in Modesto, Calif., which is some 75 miles south of Sacramento, Calif., has been appraised at a value of $11.6 million. That compares with a $39 million appraised ...

Morning Call Talen Energy Corp. has agreed to a five-year lease for two floors in the 142,000-square-foot Tower 6 building at the City Center office complex in Allentown, Pa. The utility company will relocate to the recently-completed building, at 600 ...

Morning Call The owner of the Plaza at PPL Center in Allentown, Pa., has defaulted on the property's $67.4 million of CMBS debt. The loan is securitized through JPMorgan Chase Commercial Mortgage Securities Trust, 2007-CIBC18. The property is owned by ...

Morning Call The $67.4 million CMBS loan against the Plaza at PPL Center in Allentown, Pa., is expected to go into default when a balloon payment comes due early next month. The loan is securitized through JPMorgan Chase Commercial Mortgage ...

Allentown Morning Call Talen Energy, a spin-off of PPL Services Corp., for the moment plans to remain a tenant at the Plaza at PPL Center in Allentown, Pa. Last October, the energy company was believed to be relocating its headquarters ...

Ecolab Inc. has agreed to pay Travelers Cos. an undisclosed price for the North Tower building in St. Paul, Minn., which has 484,060 square feet of office and data center space. The cleaning-products maker plans to consolidate space it occupies ...