Deal Name: 2011-C3
CBL Writes Down Value of Ark. Mall; Seeks CMBS Loan Modification
Commercial Real Estate Direct Staff Report CBL & Associates Properties Inc. has taken a $37.4 million impairment charge against its Park Plaza Mall, a 539,936-square-foot shopping center in Little Rock, Ark. A total of 283,326 sf at the property serves ...
CMBS Loan Against Shopping Mall Near Binghamton, N.Y., Subject of Foreclosure Action
Commercial Real Estate Direct Staff Report Rialto Capital Advisors, special servicer of a $49.1 million loan against the Oakdale Mall near Binghamton, N.Y., has initiated foreclosure efforts to take title to the property on behalf of the CMBS trust that ...
Oakdale Mall Near Binghamton, N.Y., Sees $12.4Mln Appraisal Reduction
Commercial Real Estate Direct Staff Report The $49.5 million CMBS loan against the Oakdale Mall near Binghamton, N.Y., has been hit with a $12.4 million appraisal reduction amount. That means the shopping center's appraised value is now below the loan's ...
Another CBL & Associates Mall Gets into Hot Water
Another CMBS loan against an enclosed shopping center owned by CBL & Associates Properties Inc. has gotten into hot water. This time, it's the $79.6 million mortgage against the Park Plaza Mall in Little Rock, Ark. The loan, securitized through ...
Lancaster, Pa., Mall Loses 2 of 5 Anchor Tenants; CMBS Loan at Risk of Default
Commercial Real Estate Direct Staff Report The 1.2 million-square-foot Park City Center mall in Lancaster, Pa., recently lost two of its five anchor tenants, putting its $135.3 million CMBS loan at an increased risk of default. The loan, which is ...
Another Mall in Maine Sells, Resolving CMBS Loan
Commercial Real Estate Direct Staff Report Turnpike Mall, a 214,934-square-foot enclosed shopping center in the capital city of Maine, has been sold for $3.2 million to Sun Equity Partners. The sale, first reported by the Bangor Daily News, resolves a ...
Tenant Departure Puts CMBS Loan Against Texas Offices at Risk
Commercial Real Estate Direct Staff Report American Airlines, the sole tenant at Royal Ridge - III, a 123,740-square-foot office building at 3939 John Carpenter Freeway in Irving, Texas, will be vacating the property at the end of the year. The ...
Mall in Binghamton, N.Y., Area Loses 3 Anchors, CMBS Loan Goes to Special Servicer
Commercial Real Estate Direct Staff Report The $50.7 million CMBS loan against 708,695 square feet at the 851,498-sf Oakdale Mall near Binghamton, N.Y., has been transferred to special servicer Rialto Capital Advisors because it's expected to default. The loan ...
Utility Company’s Brooklyn, N.Y., HQ Offered for Sale
A venture of Angelo, Gordon & Co. and Capstone Equities is offering for sale 30 Flatbush Ave., a 231,936-square-foot office building in downtown Brooklyn, N.Y. The property, which is triple-net leased to Consolidated Edison Inc. through at least 2022, is ...
Moody’s Downgrades CSFB 1999-C1, JPMCC 2003-CB6 and WFRBS 2011-C3
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 Credit Suisse First ...
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