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Commercial Real Estate Direct Staff Report The $104.37 million CMBS loan against the Solano Town Center shopping mall in Fairfield, Calif., has had its term extended through October 2026 and can be further extended, giving the mall's buyer, Spinoso Real ...
Washington Business Journal The Federal Emergency Management Agency will relocate its Washington, D.C., headquarters to 301 Seventh St. in 2027. The government agency will be moving out of Federal Center Plaza, a 725,317-square-foot office building at 400 & 500 C ...
Commercial Real Estate Direct Staff Report The $64.6 million CMBS loan against the 188,365-square-foot office building at 25 West 45th St. in midtown Manhattan is not expected to get paid off at its maturity next month. The collateral building, owned ...
Commercial Observer Festival Cos. has paid $26.4 million, or $340.80/sf, for Komar Desert Center, a 77,466-square-foot retail center in La Quinta, Calif. The Los Angeles company purchased the property from Capital Square in a deal brokered by CBRE. The property, ...
Commercial Real Estate Direct Staff Report Fashion Outlets of Niagara Falls, a 525,663-square-foot shopping center at 1900 Military Road in Niagara, N.Y., has had its appraised value slashed by 45 percent to $98.22 million. That compares with the $85.57 million ...
Commercial Real Estate Direct Staff Report Wells Fargo Bank, which services the $250.47 million CMBS loan against 175 West Jackson Blvd. in Chicago, has deemed its advances to no longer be recoverable as the 1.45 million-square-foot office building's appraised value ...
Commercial Real Estate Direct Staff Report SL Green Realty Corp. has agreed to sell the 563,000-square-foot office building at 625 Madison Ave. in Manhattan for $632.5 million, or $1,150/sf. The buyer has been identified only as a global investor. The ...
Commercial Real Estate Direct Staff Report The Nashua Mall in Nashua, N.H., has continued to suffer from occupancy declines, impacting its ability to refinance its $37 million mortgage, which matured earlier this month. The 311,313-square-foot retail property, 45 miles northwest ...
State Farm Mutual Automobile Insurance Co.'s efforts to consolidate its scattered office presence into four regional headquarters finally has prompted the transfer of a $383.5 million CMBS loan to special servicing. The portfolio of suburban office buildings also supports $86 ...
Commercial Real Estate Direct Staff Report MSD Capital is said to have provided $100 million of additional financing against the fee interest in, or ground beneath, the Carnegie House, a 323-unit cooperative apartment property at 100 West 57th St. in ...
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