A $146.5 million loan backed by a 1 million-square-foot office portfolio has been moved to special servicing because the properties' declining performance has put the CMBS debt at risk of default. A venture led by Corporate Office Properties Trust owns ...
Washington Business Journal Lenders have bought the 390-room Hyatt Regency Bethesda for $106 million, or about $271,800/room, at a recent foreclosure auction. The Bethesda, Md., property backed $140 million of debt that's securitized through Greenwich Capital Commercial Funding Corp., 2007-GG9. ...
Commercial Real Estate Direct Staff Report A $305 million mortgage against a portfolio of 36 industrial properties on Long Island, N.Y., that has been delinquent since late 2010, has been split into two notes as part of a modification. The ...
Crain's Chicago Business Tandem Development Group is negotiating with LNR Partners for new terms for $18 million of securitized debt against a 156,000-square-foot building in Schaumburg, Ill. The loan matured without payoff in December. LNR is special servicer for the ...
Commercial Real Estate Direct Staff Report A $107 million CMBS loan against a pair of Silicon Valley office properties has been modified, with its maturity extended by two years. The extension would give the properties' owner, DivcoWest, time to market ...
Maryland Gazette Blackwell I, a 121,011-square-foot office building in Rockville, Md., is slated to be sold at an upcoming foreclosure auction. The property, at 9601 Blackwell Road, backs a $33.13 million loan that's securitized through Greenwich Capital Commercial Funding Corp., ...
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 Morgan Stanley Capital I ...
A venture of Harvest Properties and Stockbridge Real Estate has purchased Central Park Plaza, a 300,954-square-foot office complex in northern San Jose, Calif. BlackRock Inc. sold the property for an undisclosed sum. The property is encumbered by a $34.3 million ...
The 390-room Bethesda Hyatt Regency in Bethesda, Md., is being offered for sale through Molinaro Koger. The property backs a $140 million securitized loan that is in foreclosure. The loan is securitized through Greenwich Capital Commercial Funding Corp., 2007-GG9.
Commercial Real Estate Direct Staff ReportA $305 million mortgage on a portfolio of 36 industrial properties on Long Island, N.Y., with 3.5 million square feet has been moved to special servicing as a result of its delinquency.The loan, securitized through ...
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved..