Crain's Cleveland Business Medical Mutual of Ohio has paid $37 million, or about $97/sf, for its Cleveland headquarters building at 2060 East 9th St. The 381,176-square-foot property served as collateral for a $45.8 million loan that's securitized through Banc of ...
Crain's Cleveland Business Medical Mutual of Ohio has offered to buy its Cleveland headquarters building for $38 million, or about $100/sf. A foreclosure suit was filed last month against the property's owner, BentleyForbes of Los Angeles. The building, at 2060 ...
Commercial Real Estate Direct Staff Report The $47.4 million CMBS loan against the Medical Mutual headquarters building in Cleveland is not expected to be paid off at its maturity next month, according to a report on TreppWire. The loan is ...
Moody National REIT I Inc. has agreed to pay $66.3 million, or $318,750/room, for the 208-room Embassy Suites Nashville Vanderbilt University hotel in Nashville, Tenn. The Houston REIT, whose shares do not trade on any exchange, is buying the ...
Commercial Real Estate Direct Staff Report Morgan Stanley Bank has provided financing against Waterfront at Port Chester, a 294,868-square-foot retail property in upstate New York, allowing its CMBS loan to be defeased. The new loan's size couldn't be immediately learned, ...
The Chicago investment manager has agreed to pay $550 million for a portfolio of six upscale hotels with 1,939 rooms. The properties are being purchased from Crescent Real Estate Equities, which is in the midst of a major portfolio make-over.
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-181.5030.00NAAAAAaaNAswapsA-284.4030.004.85AAAAaa+18swapsA-3155.1030.006.78AAAAaa+33swapsA-4621.0030.009.64AAAAaa+28swapsA-1A355.4030.00NAAAAAaaNAswapsA-M204.4720.009.82AAAAaa+33swapsA-J143.1313.009.83AAAAaa+37swapsB20.4512.009.91AA+Aa1+40swapsC23.0010.889.91AAAa2+42swapsD20.459.889.91AA-Aa3+45swapsE35.788.139.91AA2+54swapsF20.457.139.91A-A3+63swapsG25.565.889.91BBB+Baa1+95swapsH23.004.759.99BBBBaa2+105swapsJ28.123.3810.29BBB-Baa3+160swapsK7.673.00NABB+Ba1NAswapsL10.222.50NABBBa2NAswapsM7.672.13NABB-Ba3NAswapsN2.562.00NAB+B1NAswapsO5.111.75NABB2NAswapsP7.671.38NAB-B3NAswapsQ28.110.00NANANANAswapsXP1,996.30NANAAAAAaa+80TreasXC2,044.70NANAAAAAaa+350Treas.*Notional amount, interest onlyCollateral balance: $2,044.70 millionBookrunner(s): Banc of America SecuritiesLead Managers: Banc of America Securities and Barclays Capital Co-managers: Credit Suisse, Goldman Sachs and SunTrust Capital Markets, Inc.B-piece Buyer: AnthraciteMaster Servicer: Bank of America Special Servicer: ...
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