Commercial Real Estate Direct Staff Report The original modification of the $94.3 million CMBS loan against the Gateway Salt Lake retail property was rescinded and a new modification was put in its place. The latest modification was highlighted this morning ...
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 ...
Commercial Real Estate Direct Staff Report The Gateway Salt Lake retail property in Salt Lake City was sold for $75 million to a venture of Oaktree Capital Management and Vestar of Phoenix. The sale was facilitated by the modification and ...
Commercial Real Estate Direct Staff Report Retail Properties of America Inc. has sold the struggling Gateway Salt Lake retail center, resolving a $94.3 million CMBS loan against it. The Oak Brook, Ill., REIT sold the 623,205-square-foot lifestyle property for ...
Commercial Real Estate Direct Staff Report The Gateway Salt Lake, a 623,205-square-foot lifestyle retail center in Salt Lake City, is expected to be sold early next month. The property's sale should result in the modification, including a reduction in the ...
Commercial Real Estate Direct Staff Report A $12 million CMBS loan that was securitized just five years ago has had its maturity date extended by a year, marking an unusual case where a CMBS 2.0 loan has been modified. The ...
Commercial Real Estate Direct Staff Report Moody's Investors Service has once again downgraded seven principal-paying classes of JPMorgan Chase Commercial Mortgage Securities Trust, 2010-C1, the first CMBS 2.0 transaction to be hit by downgrades. The rating agency downgraded the deal's: ...
The $94.9 million loan against Gateway Salt Lake, which recently was transferred to special servicing because it is expected to default, could provide a case study on how the waterfall of payments from asset liquidations has changed in the CMBS ...
Commercial Real Estate Direct Staff Report The $94.9 million CMBS loan against the Gateway Salt Lake lifestyle retail center in Salt Lake City transferred to special servicing earlier this month because it's expected to default. The loan is securitized through ...
Dividend Capital Diversified Property Fund Inc., which is selling 12 office, industrial and data-center properties to Gramercy Property Trust, will be paying down $31.1 million of a $173.1 million CMBS loan against those properties. As reported, Gramercy Property is buying ...
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