Metropolitan Life Insurance Co. has provided a $71.7 million loan against the 418-room Burlington Marriott hotel in Burlington, Mass. The nine-story hotel, at One Mall Road, about 16 miles from downtown Boston, is owned by Crow Holdings, which in December ...
Citigroup is said to be providing $300 million of financing against 5 Penn Plaza, a 656,824-square-foot office building in Manhattan, according to a report in the Commercial Observer. The loan would be used to defease, or replace with government securities, ...
Commercial Real Estate Direct Staff Report Crow Holdings has paid $94.25 million, or about $225,478/room, for the 418-room Burlington Marriott hotel in Burlington, Mass. The Dallas investment manager purchased the nine-story hotel, at One Mall Road, from Cornerstone Real Estate ...
Commercial Real Estate Direct Staff Report The 327,327-square-foot office building in Shelton, Conn., that serves as the headquarters for Health Net Inc. has been valued at only $29.5 million, down from $93.5 million when a $75 million CMBS loan was ...
Commercial Real Estate Direct Staff Report A modified CMBS loan against a portfolio of nine office buildings with 1.1 million square feet that are leased to various government agencies once again has been transferred to special servicer CWCapital Asset Management. ...
Commercial Real Estate Direct Staff Report Simon Property Group yesterday said it would launch a massive renovation of the Franklin Mills Mall, which should improve the Philadelphia retail property's financial performance - good news for the CMBS transactions that hold ...
Shorenstein Properties is bringing to the sales market two Boston office properties, 399 Boylston St. and Seaport Center, with a combined 689,626 square feet. The San Francisco investment manager paid $110 million for Seaport Center two years ago and $90.8 ...
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 Capital One Bank has provided a $45 million loan against 399 Boylston St., a 229,400-square-foot office building in Boston. The property was encumbered by a $65.3 million CMBS loan that matured Wednesday. That matured ...
Crain's Chicago Business CWCapital Asset Management has sold five Chicago-area properties for $101.2 million, or 71 percent of the amount of CMBS debt they backed. The properties are part of a $3.2 billion portfolio of securitized commercial mortgages and foreclosed ...
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