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Commercial Real Estate Direct Staff Report Rockrose Development Corp. has lined up a total of $227 million of financing to fund its $300 million, or $724.30/sf, purchase of Lincoln Square, a 414,204-square-foot office building at 555 11th St. NW in ...
Inland American Real Estate Trust Inc. has paid $52.25 million, or $251.75/sf, for Quebec Square, a 207,561-square-foot shopping center in Denver. The Oak Brook, Ill., REIT, whose shares do not trade on any exchange, bought the property, at 7306 East ...
LNR Partners' decision to waive the prepayment penalty on the $225 million of CMBS debt against Lincoln Square in Washington, D.C., which subsequently was sold for $300 million, was likely a solid decision, according to a number of bond investors. ...
The $225 million of CMBS debt against Lincoln Square, a 405,978-square-foot office property in Washington, D.C., has had its prepayment penalties waved as part of a modification, paving the way for the property's sale to Rockrose Development Corp. for $300 ...
Parkway Properties Inc. has paid $47 million for the $50 million mortgage against the Forum at West Paces, a 222,246-square-foot office building at 3290 Northside Parkway NW in the Buckhead submarket of Atlanta. The loan was sold by CD, 2007-CD4, ...
Commercial Real Estate Direct Staff Report The largest loan in the collateral pool for CD, 2007-CD5, has been transferred to special servicing because it's expected to default, according to Fitch Ratings, which highlighted the transfer in a Daily Special e-mail ...
Heritage Capital Group is no longer offering for sale a portfolio of 15 industrial buildings with 2.5 million square feet. Eastern Consolidated had been marketing the properties, which are along primary transportation corridors in upstate New York, Ohio and Pennsylvania, ...
Kilroy Realty Corp. has paid about $79 million, or about $246/sf, for the 320,905-square-foot Sunset Media Center in Hollywood, Calif. The office building, at 6255 Sunset Blvd., is 87 percent leased to tenants such as VNU Inc., Frederick's of Hollywood ...
Commercial Real Estate Direct Staff Report A venture that includes NewMark Merrill Cos. is seeking new terms for $37.2 million of debt against a suburban Chicago shopping center that has lost its second largest tenant. The debt, backed by the ...
Commercial Real Estate Direct Staff Report A venture of Sterling Equities Inc. and Lincoln Property Co has been granted a two-year extension on a $98 million loan against a 677,222-square-foot office building at 200 West Adams St. in downtown Chicago. ...
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