Commercial Real Estate Direct Staff Report Canyon Crossing, a 295,949-square-foot shopping center in Riverside, Calif., was appraised at a value of $49 million last October, down from $62.9 million in 2013, when a $44.7 million CMBS loan was written against ...
Commercial Real Estate Direct Staff Report The $32.3 million CMBS loan against the 261,961-square-foot office building at 50 Crosby Drive in Boston suburb of Bedford, Mass., has transferred to special servicer LNR Partners because it's expected to default. The loan, ...
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 LB-UBS Commercial Mortgage Trust, ...
Commercial Real Estate Direct Staff Report The $20.6 million CMBS loan against the Showcase at Indio retail property in Indio, Calif., in the Sonoran Desert in the state's Riverside County, has been modified with its maturity extended by five years, ...
Sonnenblick-Eichner Co. has arranged a $17.5 million loan against the Brentwood Town Center, a 12,845-square-foot retail center in Los Angeles' upscale Brentwood neighborhood. The 10-year loan requires only interest payments for its full term and has a 3.26 percent coupon. ...
Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating Fitch Rating Kroll Pricing % Yield% Final Pricing (bp) Bnch mark A-1 23.34 30.00 2.82 Aaa AAA AAA 100.000 1.977 +42 swaps A-2 138.84 30.00 4.93 Aaa AAA AAA ...
Commercial Real Estate Direct Staff Report The $98 million of mortgage debt against two limited-service hotels with 283 rooms in Manhattan was not retired by its maturity last month, so the loan's $85 million securitized component has been transferred to ...
Commercial Real Estate Direct Staff Report Special servicer LNR Partners has taken Canyon Crossing in Riverside, Calif., by foreclosing against the $43.5 million CMBS loan against the retail property. The loan, securitized through COMM, 2014-UBS2, had transferred to the company ...
Commercial Real Estate Direct Staff Report Castle Lanterra Properties has paid $52 million, or $144,817/unit, for the 359-unit Capital Crossing apartment property in the Washington, D.C., suburb of Suitland, Md. The Suffern, N.Y., real estate investment firm bought the ...
Commercial Real Estate Direct Staff Report The $75.1 million of CMBS debt against the Hagerstown Premium Outlets, some 75 miles west of Baltimore in Hagerstown, Md., could be at risk as occupancy and cash flow at the collateral property ...
