Deal Name: Banc of America Commercial Mortgage Inc.
Sale of Acadiana Mall Nets $84.9Mln Loss to BACM 2007-2
Commercial Real Estate Direct Staff Report The sale of the Acadiana Mall in Lafayette, La., resulted in a hefty $84.9 million loss to Banc of America Commercial Mortgage Trust, 2007-2, the CMBS trust that had held a $118.5 million loan ...
Louisiana’s Mall of Acadiana Sold; Long Troubled CMBS Loan Resolved
The Mall of Acadiana, which backs $118.5 million of legacy CMBS debt that had been in special servicing for nearly two years, has been sold to Namdar Realty Group, a Great Neck, N.Y., investor that has purchased other distressed retail ...
CMBS Loan Against Mall of Acadiana in Lafayette, La., Put on Sales Block
The $119.5 million loan is one of 11 left in the collateral pool of Banc of America Commercial Mortgage Trust, 2007-2, which originally had a balance of $3.2 billion and so far has suffered nearly $310 million of losses. The ...
$91.8Mln CMBS Against Atlanta-Area Mall Classified as Nonperforming
Commercial Real Estate Direct Staff Report The $91.8 million CMBS loan against the Mall at Stonecrest in suburban Atlanta is now classified as being nonperforming. That's a change from last month, when it had matured, but continued to pay as ...
CWCapital to Take Mall of Acadiana Through Foreclosure
Commercial Real Estate Direct Staff Report CBL & Associates Properties was unable to reach an agreement to modify the $121.9 million CMBS loan against the Mall of Acadiana in Lafayette, La. As a result, the CMBS trust that holds the ...
Appraised Value of Dulles, Va., Office Building Drops Sharply
Commercial Real Estate Direct Staff Report The appraised value of the Hallmark Building, a 305,347-square-foot office building in Dulles, Va., has been reduced to $37.8 million from $80 million in 2007, according to a report on TreppWire. The five-story property, ...
Mall of Acadiana Sees Appraised Value Plunge to $47.6Mln
Commercial Real Estate Direct Staff Report The Mall of Acadiana, whose CMBS loan is in the process of being modified, has been re-appraised at a value of only $47.6 million. That compares with the property's $188 million appraised value ...
CBL Strikes Re-Do of CMBS Loan on Acadiana Mall
The following story has been edited. A previous version incorrectly indicated two additional anchors might be vacating. CBL & Associates said it "expects both stores to continue to operate as normal." Commercial Real Estate Direct Staff Report CBL & ...
PCCP Lends $39.4Mln for Purchase, Renovation of Suburban D.C. Office
PCCP LLC has provided a $39.4 million senior loan to facilitate Westport Capital Partners' $24 million purchase and renovation of the nearly vacant 2000 Corporate Ridge office property in the Washington, D.C., suburb of McLean, Va. Westport, a Wilton, Conn., ...
Washington Prime Pays $63Mln to Resolve Troubled $87.3Mln CMBS Loan on Colo. Mall
Commercial Real Estate Direct Staff Report Washington Prime Group has paid $63 million to retire the $87.3 million CMBS loan against the Mesa Mall in Grand Junction, Colo. The loan, securitized through Banc of America Commercial Mortgage Trust, 2006-4, had ...
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