Deal Name: GMAC Commercial Mortgage Securities Inc.
Last Asset in 2004 CMBS Deal Gets Sold for 21.6 Percent of Par
Commercial Real Estate Direct Staff Report The $52.3 million CMBS loan against the Military Circle Mall, an 858,174-square-foot shopping mall in Norfolk, Va., has been resolved through the sale of the collateral property for $11.3 million to the Norfolk Economic ...
$173Mln CMBS Loan Against Fla. Mixed-Use Property Moves to Special Servicing Again
Commercial Real Estate Direct Staff Report The $173 million of CMBS debt against the Design Center of the Americas mixed-use property in Dania Beach, Fla., has transferred to special servicing again as its extended maturity is just three months away ...
Sale of James Center in Richmond, Va., Spells $55Mln of Losses to CMBS
Commercial Real Estate Direct Staff Report Riverstone Group's $108 million purchase of the James Center office complex in Richmond, Va., resulted in a loss of $55 million to the two CMBS deals that had held a total of $150 million ...
N.Y. Retail Property Behind 2006 CMBS Loan Up for Auction
Newburgh Mall, a 386,075-square-foot shopping center in Orange County, N.Y., some 60 miles north of Manhattan, has been listed for sale. The property, at 1401 Route 300 in Newburgh, N.Y., backs a $31.6 million CMBS loan that was securitized through ...
Richmond’s James Center Under Contract
Richmond Biz Sense An unnamed buyer is under contract to acquire the James Center, a 974,268-square-foot office complex in downtown Richmond, Va., that serves as collateral for $150 million of CMBS debt. A $100 million piece is securitized through GMAC ...
LNR Taps HFF to Market for Sale James Center in Richmond, Va.
LNR Partners has hired HFF to market for sale the James Center, a 974,268-square-foot office complex in downtown Richmond, Va., that had served as collateral for $150 million of CMBS debt that had defaulted early this year. The three-building complex, ...
Foreclosure Seen as End Game for $150Mln CMBS Loan on James Center in Richmond, Va.
Commercial Real Estate Direct Staff Report Special servicer CWCapital Asset Management has decided to initiate foreclosure proceedings against a $150 million CMBS loan that encumbers the 974,268-square-foot James Center office complex in Richmond, Va. The Bethesda, Md., special servicer had ...
Mesa West Lends $130Mln Against San Diego’s 1 Columbia Place
Mesa West Capital has provided $130 million of financing against 1 Columbia Place, the former First Naional Bank Center, in San Diego. The five-year loan allowed the property's owner, Emmes Group of Cos., to retire a $98 million mortgage, a ...
Calmwater Capital Funds $26.2Mln Loan for Silicon Valley R&D Facility
Calmwater Capital, the former Karlin Real Estate Lending, has provided $26.2 million of financing against 1621 Barber Lane, a 181,800-square-foot research and development property in Milpitas, Calif. The loan was used by the property's owner, an affiliate of DR Stephens ...
James Center in Richmond, Va., Sees Appraised Value Get Slashed
Commercial Real Estate Direct Staff Report The 974,268-square-foot James Center office complex in Richmond, Va., that secures $150 million of CMBS debt has been appraised at a value of $136 million, according to a report on TreppWire. The three-building property ...
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