South Florida Business Journal An affiliate of The Keith Group of Charlotte, N.C., has bought Delray Square 1, a 115,538-square-foot retail property in Delray Beach, Fla. The property sold for $7.67 million. That compares with the $13 million balance of ...
Memphis Daily News Exeter Property Group has paid $132 million for a portfolio of industrial properties with 4.4 million square feet in Columbus, Ohio, Memphis and Nashville, Tenn. The properties had served as collateral for a $159.3 million loan that ...
Commercial Real Estate Direct Staff Report The Long Island Marriott and Conference Center, which backs a $103.5 million CMBS loan, has been appraised at a value of $63.4 million, down from $152 million when its loan was written in 2007. ...
Philadelphia Business Journal The $70 million mortgage against an office building at 1515 Market St. in Philadelphia is being marketed for sale. The loan is securitized through JPMorgan Chase Commercial Mortgage Securities Trust, 2007-LDP10. The interest-only note matured in January, ...
South Florida Business Journal A $28.9 million securitized mortgage against National Hotel, a 151-room property in Miami's South Beach area, has been moved to special servicing, according to Trepp LLC. The debt against the hotel at 1677 Collins Avenue is ...
Commercial Real Estate Direct Staff Report The $120.5 million CMBS loan against Miami's Southland Mall, which was moved to special servicing last year because it was expected to default, has been extended for four years to 2016. To win the ...
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 Bear Stearns Commercial ...
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 Bear Stearns Commercial Mortgage ...
Two of the three loans are against properties owned by Investcorp, which is evidently looking to renegotiate terms of the loans. The transfers show that the performance of properties in many cases still falls short of expectations, especially if they ...
Dallas Morning NewsA foreclosure auction is scheduled for next month for the 900-acre Solana business park in suburban Dallas. The property along State Highway 114 in Southlake and Westlake, Texas, has more than 2.5 million square feet of office, hotel ...
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