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Citigroup has provided $102 million of mortgage financing against the Strip, a 786,000-square-foot retail property in North Canton, Ohio. The 10-year loan, arranged by Meridian Capital Group, pays a coupon of 4.75 percent and will be securitized. It replaced a ...
Commercial Real Estate Direct Staff Report The $165.3 million CMBS loan against JPMorgan International Plaza I and II in suburban Dallas has been modified, with its term extended by 20 months through February 2018. The loan, securitized through Greenwich ...
Midwest Real Estate News Mariner Real Estate Management has bought the St. Louis Place office building in downtown St. Louis. CWCapital Asset Management was the seller. The 337,088-square-foot property, at 200 North Broadway, had backed $10.7 million of debt that ...
Boston Properties Inc. has defeased, or replaced with government securities, $640.5 million of CMBS debt against downtown Boston's 100 and 200 Clarendon St., the former John Hancock Tower. The Boston REIT bought $667.4 million of securities that would provide the ...
Commercial Real Estate Direct Staff Report The CMBS loan against the 6.2 million-square-foot Bush Terminal mixed-use property in Brooklyn, N.Y., has been retired, with part of it suffering a loss of $84.5 million, according to a report on TreppWire. The ...
Commercial Real Estate Direct Staff Report The $166.6 million CMBS loan against JPMorgan International Plaza I and II, a 756,851-square-foot office complex in the Dallas suburb of Farmers Branch, Texas, has been transferred to special servicing. The transfer, to LNR ...
New York Observer Bank of China and SL Green Realty Corp. are providing $220 million of mortgage financing against the Bush Terminal in Brooklyn, N.Y. The debt is being used to replace $292.5 million of securitized debt that's split between ...
Commercial Real Estate Direct Staff Report Jamestown Premier Property Fund has paid $297.6 million, or about $386/sf, for Stafford Place I and II, with 771,426 square feet of office space in the Washington, D.C., suburb of Arlington, Va. The fund, ...
Baltimore Business Journal True North Management Group has paid $64.25 million, or $134.15/sf, for One South St., a 479,000-square-foot office building in Baltimore. The property was sold by American Real Estate Partners and its partner, Baupost Group, which had acquired ...
Goldman Sachs has provided $650 million of financing against 590 Madison Ave., the 1 million-square-foot office building in midtown Manhattan that formerly was known as the IBM Building, according to a report in the Wall Street Journal. The loan was ...
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