Commercial Real Estate Direct Staff Report The CMBS trust that holds an $82 million loan against the Killeen Mall near Fort Hood, Texas, is likely to take over the property in a deed-in-lieu of foreclosure. The loan is securitized through ...
Commercial Real Estate Direct Staff Report The CMBS loan against the Killeen Mall has been transferred to special servicing because it's likely to default as its July 11th maturity approaches. The $82 million loan is securitized through Credit Suisse Commercial ...
Commercial Real Estate Direct Staff Report The $115.5 million CMBS loan against the Koger Center office property in Tallahassee, Fla., has been transferred to special servicing for a second time because it's expected to default. The interest-only loan, securitized through ...
Wells Fargo Bank Tower, a 225,920-square-foot office property in West Covina, Calif., is being offered for sale. The 13-story tower, at 100 North Barranca St., backs a $36.1 million CMBS loan that is securitized through Credit Suisse Mortgage Securities Corp., ...
Capital One Multifamily Finance has written a $238.9 million Freddie Mac loan against the Savoy Park Apartments in Manhattan's Harlem area. The loan, arranged by Meridian Capital, helped fund Fairstead Capital's $315 million purchase of the 1,790-unit property.
South Florida Business Journal The owner of the CityPlace retail complex in West Palm Beach, Fla., is more than 90 days delinquent on its mortgage payments. Related Cos. owns the 698,472-square-foot property at 700 South Rosemary Ave., which backs $150 ...
Commercial Real Estate Direct Staff Report Fairstead Capital has paid $315 million, or nearly $176,000/unit, for the Savoy Park Apartments, a 1,790-unit apartment complex in Manhattan's Harlem area. The New York apartment specialist is led by Stephen Siegel, who also ...
Midwest Real Estate Journal Wells Fargo Place, a 659,894-square-foot office building in St. Paul, Minn., is on the sales market. Unilev Capital Corp. of Beverly Hills, Calif., owns the property, which it had bought in 2006 for more than $100 ...
Commercial Real Estate Direct Staff Report The 558,000-square-foot Killeen Mall near Fort Hood, Texas, is likely worth only $67.1 million, according to analysis by Morningstar Credit Ratings. That could pose a problem next year, when the property's $82 million mortgage, ...
A group that includes Deutsche Bank and Bank of China has provided $900 million of mortgage financing against 280 Park Ave., a 1.25 million-square-foot office complex in midtown Manhattan. The three-year loan, which can be extended for up to four ...
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