Deal Name: GE Commercial Mortgage Corp.

Commercial Real Estate Direct Staff ReportSunstone Hotel Investors Inc. won't pay off the $81 million of securitized debt on its Hilton Times Square in Manhattan after all. Instead, the San Clemente, Calif., REIT said it has been fielding calls from ...

Commercial Real Estate Direct Staff ReportSunstone Hotel Investors Inc. has acquired the subordinate debt of two hotels as part of a plan to make investments that could ultimately lead to it taking over properties. The San Clemente, Calif., REIT said ...

Commercial Real Estate Direct Staff ReportAn $81 million securitized mortgage on Manhattan's Hilton Times Square was moved to special servicing early this month.The move came just days before the property's owner, Sunstone Hotel Investors Inc., said it would be tapping ...

Elbit Plaza, an investment venture launched late last year with an eye for retail properties that are cash-strapped, has agreed to participate in recapitalizing Macquarie DDR Trust. The venture between Developers Diversified Realty Corp., a Cleveland REIT, and Australia's Macquarie ...

Sunstone Hotel Investors Inc. said it will be paying off an $81 million mortgage on the Hilton Times Square, a 444-room hotel it purchased four years ago.The San Clemente, Calif., REIT said it had received preliminary approval to repay the ...

Commercial Real Estate Direct Staff ReportAnother $1.9 billion of CMBS loans became delinquent in February, bringing the total volume of delinquent loans to $47.8 billion, or 6 percent of the total universe tracked by Realpoint.That compares with a rate of ...

Commercial Real Estate Direct Staff ReportBank of China has provided $150 million of financing for 63 Madison Ave., a 797,377-square-foot office building in the midtown south area of Manhattan.The financing, arranged by Estreich & Co., comes on the heels of ...

Expected losses from 12 loans with a balance of $414 million in special servicing have prompted Moody's Investors Service to place 16 classes of GE Commercial Mortgage Corp., 2005-C4, on review for possible downgrade.Last April, the transaction included only six ...

Tampa Bay Business JournalWells Fargo Bank has filed a foreclosure suit against the 269-room Crowne Plaza-Tampa East hotel in Tampa, Fla. The property is owned by Columbia Sussex Corp. The bank alleges that Columbia Sussex, of Crestview Hills, Ky., stopped ...

Commercial Real Estate Direct Staff Report A venture involving George Comfort & Sons is seeking to extend the maturity of some $165 million of debt on 63 Madison Ave., a 797,377-square-foot office building in the midtown south area of Manhattan.The ...