389-Unit Apartment Property Opens in Morgan Hill, Calif.
April 24, 2024
SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
April 24, 2024
Banc of America Large Loan, 2005-MIB1, has listed for sale the Shops of Grand Avenue, a 270,155-square-foot retail mall in Milwaukee through Rockwood Real Estate Advisors. The trust took the property from Ashkenazy Acquisition Corp. in 2012 by foreclosing on ...
The $26.1 million sale of Ballantyne Village, a 165,000-square-foot retail complex in Charlotte, N.C., will likely result in losses of up to 30 percent to the CMBS trust that held a $31.5 million portion of the $50 million of debt ...
Pittsburgh Tribune-Review Mark Karasick and a group of investors has purchased the U.S. Steel Tower, Pittsburgh's tallest building, for $250 million. Karasick, based in Manhattan, acquired the 2.3 million-square-foot building, at 600 Grant St., from a group led by AREA ...
Macerich has paid $27.6 million for the 50 percent stake in the Desert Sky Mall in Phoenix that it did not already own. The price included the assumption of $25.75 million of debt. As part of the acquisition from an ...
Pittsburgh Business TimesThe securitized debt against Pittsburgh's U.S. Steel Tower has been transferred to special servicing. The 64-story property at 600 Grant St. is encumbered by $229.3 million of debt, a $145 million piece of which was securitized through Banc ...
Charlotte ObserverForeclosure proceedings have begun on the Ballantyne Village, an upscale mixed-use project in Charlotte, N.C. An auction of the property, at 14825 Ballantyne Village Way, is planned for July 29 at the Mecklenburg County Courthouse. A group calling itself ...
Fitch Ratings has placed five classes of Bank of America Large Loan Inc., 2005-MIB1, on rating watch negative due to the transfer of three loans to special servicing.The loans, with a balance of $92.2 million, are backed by a mix ...
Standard & Poor's has downgraded the $30 million class L of Banc of America Large Loan Inc., 2005-MIB1, to BB from BBB-, because of the deteriorating health of the properties securing a $40.2 million collateral loan. The rating agency had ...
A $60 million securitized mortgage that came due earlier this month has not generated sufficient cash flow to qualify for an extension. The loan, originated during the market's frothier days, is not expected to be the first to default at ...
Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln FitchNewRating FitchOldRating Reason for Rating Action Credit Suisse First Boston Commercial Mortgage Trust, 2001-CF2 766.0 1,128.0 F 18.9 AA AA- Defeasance (37.3 percent of the pool) - - - G 14.0 A+ ...
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