Deal Name: 2011-C1

Sunstone Hotel Investors Inc. did not make the May mortgage payment for the $77 million loan against the 460-room Hilton Times Square hotel and expects to turn the Manhattan property over to its lender. The issue lies with an onerous ...

Commercial Real Estate Direct Staff Report Poughkeepsie Galleria, a 1.2 million-square-foot enclosed shopping mall in Dutchess County, N.Y., some 70 miles north of midtown Manhattan, has suffered from a substantial drop in net cash flow and now isn't generating enough ...

Crain's Chicago Business A venture led by investor Maria Magnus has paid $41 million for a portfolio of five Chicago properties at a recent bankruptcy sale. The properties formerly had been owned by local developer Arthur Holmer, who in 2015 ...

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 CFCRE Commercial Mortgage Trust, ...

Crain's Chicago Business Deutsche Bank has filed a foreclosure suit against Chicago developer Arthur Holmer, who late last year pleaded guilty to mortgage fraud. The bank says Holmer defaulted on an $18.77 million CMBS loan against a portfolio of three ...

Natixis Real Estate Capital has provided $59.5 million of financing against the Park at Mount Kisco, a 611,954-square-foot mixed-use property in Westchester County, N.Y. The 59-year-old property, at 333 North Bedford Road in Mount Kisco, N.Y., is owned by Diamond ...

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 Banc of America ...

Commercial Real Estate Direct Staff Report The Hudson Valley Mall, which backs a $49.4 million mortgage that was securitized through CFCRE Commercial Mortgage Trust, 2011-C1, could be worth only $17.4 million, according to analysis by Morningstar Credit Ratings. That would ...

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 Merrill Lynch Mortgage ...

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 CFCRE Commercial Mortgage Trust, ...