The following story has been edited to correct the seller's name. Commercial Real Estate Direct Staff Report InvenTrust Properties Corp. has paid $72.5 million, or $387.63/sf, for Stevenson Ranch Plaza, a 187,035-square-foot retail center in suburban Los Angeles. The Oak ...
The following story has been edited to correct the CMBS deal name. Commercial Real Estate Direct Staff Report The $42.4 million CMBS loan against the Gallery at South Dekalb, a 703,598-square-foot shopping mall in suburban Atlanta, has been modified ...
Commercial Real Estate Direct Staff Report Morgan Stanley has provided $74 million of financing against the Palmer Center, a 459,500-square-foot office property in Colorado Springs, Colo., allowing the property's owner, a venture led by the principals of Unilev Capital Corp., ...
Commercial Real Estate Direct Staff Report A total of 566 CMBS loans with a balance of $14.6 billion that were securitized since 2010 are backed by properties that are subject to ground leases, according to Morgan Stanley. Another 58 loans, ...
Commercial Real Estate Direct Staff Report The air rights tied to the office building at 390 Park Ave. in midtown Manhattan shouldn't be counted on to bolster the value of the 234,240-square-foot property, which is referred to as the Lever ...
Dallas Business Journal UBS has bought the 380,000-square-foot Village on the Parkway retail center in the Dallas suburb of Addison, Texas. A venture of Lincoln Property Co., The Retail Connection and Long Wharf Real Estate Partners sold the 30-acre property, ...
Detroit Free Press A receiver handling the Northland Center Mall in Southfield, Mich., has requested court authorization to close the suburban Detroit property, whose inline space backs a $26.8 million loan that's securitized through Credit Suisse First Boston Mortgage Securities ...
New York Observer Cantor Commercial Real Estate Lending has provided a $39 million loan against the 39-room Hotel Giraffe at 365 Park Ave. South in Manhattan. The 10-year loan, which was arranged by HKS Capital, pays a 4.3 percent coupon ...
Commercial Real Estate Direct Staff Report Vanderbilt Partners has struck a deal to pay roughly $50 million, or $176/sf, for Palmer Plaza, a 284,000-square-foot office property in Nashville, Tenn. The Chicago company is buying the 18-story building, at 1801 West ...
New York Community Bank has provided a $94.5 million loan against the Rachel Bridge Apartments, a 960-unit complex with four buildings in the Washington Heights section of Manhattan. The loan replaces $38 million of maturing debt that was securitized through ...
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