Based on the $178 million of net operating income that the massive Stuyvesant Town/Peter Cooper Village apartment complex generated last year, it's probably worth more than $4 billion, which would be more than enough to pay off investors who hold ...
South Florida Business Journal USBank has filed a foreclosure suit against the owner of the Westin Fort Lauderdale hotel, with 293 rooms in Fort Lauderdale, Fla. The property backs $41.3 million of debt that's securitized through Cobalt CMBS Commercial Mortgage ...
Crain's New York Business CWCapital Asset Management has agreed not to increase rents on about 1,300 units at Manhattan's Stuyvesant Town/Peter Cooper Village apartment complex. It previously had sought to raise rents mid-lease, arguing that a settlement reached with tenants ...
New York Post A venture of the Kushner Cos. and CIM Group has paid $140 million, or roughly $301/sf, for 2 Rector St., a 464,000-square-foot office building in lower Manhattan. The seller, a venture of Savanna Partners and Stellar Management, ...
Commercial Real Estate Direct Staff Report The $59 million, or $65/sf, sale of Continental Tower in Rolling Meadows, Ill., is likely to have a substantial impact on the CMBS deal that held its mortgage, according to analysis by Barclays Capital. ...
Crain's Chicago Business The Continental Towers office complex, with 932,854 square feet in Rolling Meadows, Ill., is being offered sale by the CMBS trust that took it in 2010. Cobalt CMBS Commercial Mortgage Trust, 2006-C1, has tapped Rockwood Real Estate ...
A $100 million CMBS loan against 2 Rector St., a 430,000-square-foot office building in lower Manhattan, has been transferred to special servicing because it's expected to default. An interest reserve account that has been tapped to help pay the loan's ...
Crain's Chicago Business A foreclosure suit has been filed against the owner of the Pheasant Run Resort in the Chicago suburb of St. Charles, Ill. The 250-acre property backs $27.2 million of debt that's securitized through Cobalt CMBS Commercial Mortgage ...
A $4.9 billion securitized loan that was provided to Blackstone Group to facilitate its $38.7 billion acquisition of Equity Office Properties Trust in 2007 is close to being restructured, according to a story in the Wall Street Journal.The loan, securitized ...
Commercial Real Estate Direct Staff ReportAnother $583.5 million of CMBS loans were liquidated in August, bringing the total volume of liquidations so far this year to a whopping $5 billion, according to Realpoint.The 95 loans that were liquidated last month ...
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