Commercial Real Estate Direct Staff Report The venture that owns the office space in Philadelphia's Wanamaker Building has retired its $57.3 million CMBS loan through defeasance, five months before it was coming due. The loan, securitized through Credit Suisse First ...
Seattle Times Wright Runstad has missed the June leasehold payment on the PacMed Center at 1200 12th Ave. South in Seattle. The Pacific Hospital Preservation and Development Authority owns the ground under the 16-story building. Wright Runstad had signed a ...
New York Post Leon and Alfons Melohn of New York are offering for sale a 520,000-square-foot office building in downtown Manhattan. The brothers are asking $180 million for the building, at 180 Water St., which is expected to go vacant ...
The co-owners of the Seagram Building in Manhattan are in a legal dispute over a $160 million loan that is backed by the 791,991-square-foot office property, according to the Wall Street Journal. Harry Lis has filed a lawsuit in New ...
A venture that includes Simon Property Group has put the 214,179-square-foot Atrium Mall in Boston up for sale. Eastdil Secured has the sales listing, which was first reported by the Boston Herald. The property, on 2.9 acres at 200 Boylston ...
Commercial Real Estate Direct Staff Report TIAA-CREF has provided $127.1 million of financing for 275 Madison Ave., a 305,849-square-foot office building in midtown Manhattan owned by RFR Holdings Inc. The investment manager provided $97.5 million of senior debt and $29.6 ...
Crain's New York Business The buzz is that RFR Holdings may drop the asking price for its 49 percent stake in the Seagram Building in Manhattan, which has been on the sales market since May. Sources speculate that RFR may ...
The Boston company acquired an equity interest in 1633 Broadway, a 2.4 million-square-foot office building in midtown Manhattan controlled by affiliates of Paramount Group. Also, SL Green Realty Corp. has made a preferred equity investment in the 48-story building.
Crain's Chicago Business The owner of the Main Street Commons shopping center in suburban Chicago has fallen behind on its mortgage payments. A venture controlled by Covington Realty Partners owns the 171,648-square-foot property at the corner of Kirk Road and ...
Goldman Sachs has provided a $42.1 million mortgage for Ashland Town Center, a 419,633-square-foot regional mall in Ashland, Ky. The 10-year debt, which was structured to be sold into the CMBS market, has a fixed interest rate of 4.9 percent. ...
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© 2023 Commercial Real Estate Direct All rights reserved..