David Simon Passes Away After Battle with Cancer
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CREFC’s Lisa Pendergast Retiring in August
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Brookfield Revives GGP Name for Malls
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Minneapolis/St. Paul Business Journal LNR Partners, acting as special servicer for Greenwich Capital Commercial Funding Corp., 2003-C2, has sold the Minnesota Center in Bloomington, Minn. An investment fund managed by Transwestern paid $31 million, or about $110/sf, for the 280,835-square-foot ...
Commercial Real Estate Direct Staff Report A $40 million CMBS loan against a 644,501-square-foot shopping center in suburban Cleveland has been transferred to special servicing, roughly three months before it matures and three months after the property lost its anchor ...
American Realty Capital New York Recovery REIT Inc. has agreed to pay $528.6 million, or nearly $700/sf, for 1440 Broadway, a 756,000-square-foot office building in midtown Manhattan. The non-traded REIT, which earlier this year made a move to start evaluating ...
Crain's Chicago Business Greenwich Capital Commercial Funding Corp., 2007-GG9, has taken control of a Schaumburg, Ill., office building after the Cook County, Ill., Circuit Court approved the CMBS trust's lawsuit to foreclose on an $18 million loan against the 156,065-square-foot ...
Corporate Office Properties Trust has decided to convey to its CMBS lender a portfolio of 14 office properties with 1 million square feet that serves as collateral for a $146.5 million loan that was securitized through Greenwich Capital Commercial Funding ...
The investor group that owns the Bush Terminal mixed-use complex in Brooklyn, N.Y., has injected another $25 million of equity into the 6 million-square-foot property in order to win a modification of its $300 million of CMBS debt. The modification, ...
The buzz is that Blackstone Group has tapped HFF to market for sale the Southfield Town Center, a 2.2 million-square-foot office property in the Detroit suburb of Southfield, Mich. The property, on Town Center Drive between Interstate 696 and the ...
Blackstone Group is offering for sale Southfield Town Center, a 2.2 million-square-foot office complex in the Detroit suburb of Southfield, Mich. The five-building property backs $247.2 million of debt, a $151.2 million piece of which is securitized through Greenwich Capital ...
A $146.5 million loan backed by a 1 million-square-foot office portfolio has been moved to special servicing because the properties' declining performance has put the CMBS debt at risk of default. A venture led by Corporate Office Properties Trust owns ...
Washington Business Journal Lenders have bought the 390-room Hyatt Regency Bethesda for $106 million, or about $271,800/room, at a recent foreclosure auction. The Bethesda, Md., property backed $140 million of debt that's securitized through Greenwich Capital Commercial Funding Corp., 2007-GG9. ...
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