Deal Name: Cobalt CMBS Commercial Mortgage Trust
Office Furniture Maker Buys Vacant Dallas-Area Office, Resolving CMBS Loan
Commercial Real Estate Direct Staff Report Varidesk LLC, which makes office furniture and equipment, has acquired the 358,884-square-foot Vista Office Park, the former corporate headquarters building of Zales Corp., in the Dallas suburb of Irving, Texas. The company, which is ...
Sheraton Suites in Wilmington, Del., Gets Hit With Lower Appraised Value
Commercial Real Estate Direct Staff Report The 233-unit Sheraton Suites in Wilmington, Del., recently was appraised at a value of $19.3 million. That compares with the $33.6 million of financing that is owed against it. The loan, securitized through Cobalt ...
Fitch Downgrades CWCI 2007-C2, CSFB 2004-C2, BSCMS 2007-T26 and MLMT 2008-C1
Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes COBALT CMBS Commercial Mortgage ...
Terms of South Fla. Office Loan Modified
South Florida Business Journal The $35.2 million CMBS loan against the Flagler Waterview office property in West Palm Beach, Fla., has been modified. Terms of the modification call for the borrower, a company managed by Ivor Braka, a New York ...
Bluerock Offers for Sale Jacksonville, Fla., Office Property
Commercial Real estate Direct Staff Report Bluerock Real Estate is offering for sale the Summit at Southpoint, a 260,664-square-foot office property in Jacksonville, Fla. The New York firm has hired Transwestern to offer the property and has set a $35.25 ...
Fitch Downgrades CD 2007-CD4, MLCFC 2007-5, BSCMS 2004-PWR4 and CWCI 2007-C3
Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes CD, 2007-CD4 3,180.0 6,640.0 ...
New Haven, Conn., Medical Office Sells for $73Mln
Healthcare Trust of America has paid $73 million, or $254.61/sf, for One Long Wharf Drive, a 286,713-square-foot medical-office property in New Haven, Conn. The Scottsdale, Ariz., REIT bought the seven-story building, off exit 46 of Interstate 95 and next to ...
Hawaii’s Manoa Marketplace Sells for $82.4Mln
A&B Properties Inc. has paid $82.4 million for the Manoa Marketplace, a 141,000-square-foot retail property in Honolulu. The real estate investment arm of Alexander & Baldwin Inc. of Honolulu acquired the property from Levy Affiliate Holdings of Santa Ana, Calif., ...
Trustee Asks Court to Determine Distribution of StuyTown Proceeds
The Real Deal USBank, trustee for $3 billion of CMBS debt against Manhattan's Stuyvesant Town/Peter Cooper Village apartment property, has filed a petition in Minnesota state court asking a judge to decide how proceeds from the property's sale ought to ...
Litigation Prompts Special Treatment for CMBS Loans Against Md. Properties
Commercial Real Estate Direct Staff Report The $65.7 million of CMBS financing against a pair of neighboring properties in Rockville, Md., has been transferred to special servicer Situs because of litigation involving the properties' owner. The transfer was highlighted yesterday ...
About
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
