Commercial Real Estate Direct Staff Report A $210.6 million CMBS loan that a venture led by Bain Capital Partners had assumed as part of its acquisition of the first phase of the World Market Center showroom property in Las Vegas ...
The $345 million CMBS loan on the second phase of Las Vegas' World Market Center, which was assumed as part of the recapitalization of three showroom properties by a group led by Bain Capital Partners, has been written down by ...
Las Vegas Sun A judge has approved a request by lenders to name a receiver for the second phase of the World Market Center furniture-showroom complex in Las Vegas. The lenders, whose trustee is Bank of America, have requested that ...
Las Vegas Sun Bank of America, trustee for two CMBS loans, has filed lawsuits requesting court-appointed receivers for the first two phases of the World Market Center in Las Vegas, a home-furnishings product showroom and convention facility, until they are ...
Crown NorthCorp Inc. has sued Bank of America in an effort to get the bank to buy back all the loans that were securitized through two small CMBS transactions that were issued in 2006. The Columbus, Ohio, special servicer earlier ...
Pyramid Cos. has sold the Riverside Center, a 706,274-square-foot shopping center in Utica, N.Y., for $41.25 million. The Syracuse, N.Y., developer sold the property through CB Richard Ellis' New York institutional group to Nightingale Properties of New York. Pyramid had ...
Commercial Real Estate Direct Staff Report Shenzhen New World Group Co. of China agreed to pay $90 million for the 451-room Sheraton Universal Hotel in Universal City, Calif., which is being sold out of receivership. The hotel backs an $84 ...
Commercial Real Estate Direct Staff ReportJ Schottenstein Property Group has filed to raise up to $517.5 million through an initial public offering of common shares.The Columbus, Ohio, company, led by Jay L. Schottenstein, owns 156 properties, primarily power retail centers, ...
A subsidiary of CB Richard Ellis Realty Trust has completed the $95 million acquisition of a seven-property warehouse portfolio. The properties and their sales prices are:- Rickenbacker II, with 434,120 square feet in Columbus, Ohio. Price: $8.75 million.- Rickenbacker III, ...
Duke Realty has completed the sale of the first tranche in a 20-property portfolio to a venture it has formed with CB Richard Ellis Realty Trust.The entire portfolio will be sold for $516.65 million.The properties sold and their allocated sales ...
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