Banque J. Safra Sarasin has provided a $275 million loan against the 400,000-square-foot office and retail property at Union Station in downtown Washington, D.C. The mortgage retires a $50 million loan that was securitized through GMAC Commercial Mortgage Securities Inc., ...
Richmond BizSense The securitized debt against the 974,268-square-foot James Center office complex in Richmond, Va., has been transferred to special servicing after its largest tenant announced plans to move. Law firm McGuire Woods will vacate the 257,000 sf it occupies ...
Commercial Real Estate Direct Staff Report The $150 million CMBS loan against the James Center, a 974,268-square-foot office building in Richmond, Va., has been transferred to special servicer LNR Partners because it's expected to default. The loan's transfer was highlighted ...
Buffalo Business First IBM Corp. is taking 100,000 square feet at the Key Center, a 435,384-sf office building in Buffalo, N.Y., that backs $33.9 million of CMBS debt. The mortgage is securitized through GMAC Commercial Mortgage Securities Inc., 2004-C3. It ...
Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes GMAC Commercial Mortgage Securities ...
Commercial Real Estate Direct Staff Report Deutsche Bank has provided $300 million of floating-rate financing against 904,573 square feet of office and storage space at 731 Lexington Ave. in midtown Manhattan that serves as Bloomberg LP's headquarters. The loan is ...
Lone Star Funds has paid $38.9 million for Executive Centre in Springdale, Ohio, a three-building office park with 486,963 square feet, according to the Cincinnati Business Courier. The suburban Cincinnati property had been held as real estate owned by GMAC ...
Commercial Real Estate Direct Staff Report The Boulevard Mall, a shopping center in Las Vegas, has been appraised at a value of $52.8 million, which compares with the $97.1 million balance of a CMBS loan that had encumbered it. The ...
The following item has been edited to change the appraisal date to 2009. Vegas Inc. Midland Loan Services has placed the 1 million-square-foot Boulevard Mall in Las Vegas on the sales market. The property, which is being offered through CBRE, ...
Commercial Real Estate Direct Staff Report Invesco Real Estate is in the market to sell a 437,546-square-foot shopping center in Geneva, Ill., that backs $64 million of CMBS debt that matured last week. CBRE has the listing for the suburban ...
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