Warwick International Hotels has acquired the 443-room Allerton Hotel in Chicago from Petra Capital Management. And as part of its acquisition, the Paris hotel company has assumed a $64.5 million loan against the 88-year-old property. It paid the loan down ...
Commercial Real Estate Direct Staff Report A $63.7 million CMBS loan against a portfolio of nine Fairfield Inn by Marriott hotels with 1,007 rooms in New England and upstate New York has transferred to special servicing because it's expected to ...
A venture of Vantage Properties and AREA Property Partners has sold a portfolio of eight apartment buildings with 459 units in Manhattan's Washington Heights neighborhood for $65 million, or roughly $141,612/unit, according to a report in The Real Deal. The ...
A $130.4 million CMBS loan against the Connecticut Financial Center, a 466,049-square-foot office building in New Haven, Conn., was transferred to special servicing because it's expected to default. The building, which was better than 92 percent leased last year, is ...
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 Wachovia Bank Commercial Mortgage ...
A venture led by Waterman Interests is offering for sale 130 Prince St., a 77,000-square-foot office/retail building in Manhattan's Soho area, according to Crain's New York Business. The property backs $70 million of debt, which is securitized through CD, 2007-CD5, ...
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 Morgan Stanley Capital I ...
Rockrose Development Corp.'s agreement to buy Manhattan's 575 Lexington Ave. from a venture of the California State Teachers' Retirement System and Larry Silverstein has fallen apart, according to a report in Crain's New York Business. The publication said the deal ...
Commercial Real Estate Direct Staff Report A $475 million CMBS loan against 32 apartment properties with 9,504 units that were thrown into bankruptcy last year is poised to be modified as part of a proposed reorganization. The loan, securitized through ...
The $292.5 million of CMBS debt against a portfolio of 11 office buildings with 2.5 million square feet in Seattle has been transferred to special servicing because it's expected to default. The loan is senior to another $630 million of ...
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© 2023 Commercial Real Estate Direct All rights reserved..