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Special servicer CWCapital Asset Management is winding down Banc of America Commercial Mortgage Trust, 2007-2, having placed all of the deal's 11 remaining assets, with a balance of $172.8 million, up for sale through its RealInsight Marketplace. The transaction, issued ...
Commercial Real Estate Direct Staff Report The $46.8 million securitized mortgage against Cascade Village, a 367,856-square-foot lifestyle retail center in Bend, Ore., has been defeased, or replaced by government securities. The loan, securitized through Banc of America Commercial Mortgage Trust, ...
Commercial Real Estate Direct Staff Report Another CMBS loan against a mall owned by CBL & Associates Properties has transferred to special servicing because it's expected to default. This time, it's the $125.3 million mortgage against the Acadiana Mall in ...
Commercial Real Estate Direct Staff Report The modified CMBS financing against the Connecticut Financial Center in New Haven, Conn., has transferred back to special servicing as its March 2017 maturity approaches. The loan, securitized through Banc of America Commercial Mortgage ...
AIG Investments has lent $110 million against the 266,427-square-foot 150 Broadway in lower Manhattan. The loan is being used to replace, through defeasance, $60 million of CMBS debt that isn't slated to mature for another 16 months.
Federal Capital Partners has acquired a 95 percent stake in a portfolio of six apartment properties with 2,044 units in the Maryland and Virginia suburbs of Washington, D.C. The Chevy Chase, Md., company acquired the stake from Rockwood Capital Partners ...
Commercial Real Estate Direct Staff Report Lincoln Property Co. has paid $31 million, or roughly $283/sf, for 40 Court St., a 109,705-square-foot office building in downtown Boston. The Dallas company purchased the 12-story building from Brickman Associates of New ...
Commercial Real Estate Direct Staff Report The $190 million CMBS loan against the 657-room Renaissance Mayflower Hotel in Washington, D.C., which was modified last year, has been extended for another two-and-a-half years to September 2016, according to a research note ...
Commercial Real Estate Direct Staff Report Equity One Inc. has agreed to sell 36 shopping centers with 3.87 million square feet for $473.1 million, or $122.25/sf, to an investment fund managed by Blackstone Group. The fund, Blackstone Real Estate Partners ...
Commercial Real Estate Direct Staff ReportAdvances of principal and interest against a total of 219 CMBS loans, with a balance of $1.5 billion, have been deemed non-recoverable by their servicers, according to Bloomberg. That means the servicers no longer expect ...
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© 2023 Commercial Real Estate Direct All rights reserved..