Deal Name: GS Mortgage Securities Corp. II

Business Real Estate Weekly of Arizona A $48.1 million loan backed by a piece of the Gilbert Gateway Towne Center in Higley, Ariz., is in default. The debt backs a 267,379-square-foot portion of the 850,000-sf retail property at 4900-5114 South ...

Extendicare REIT, a Canadian seniors-housing investor that's jockeying to retire $448.3 million of securitized debt against 82 of its United States properties, has obtained a six-month extension on the financing. The extension gives it time and flexibility to close on ...

Crain's Chicago Business The group that owns Chicago's Willis Tower, the nation's tallest building, is seeking a potential buyer or investor interested in recapitalizing the 4 million-square-foot office property. A group that includes American Landmark Properties of Chicago and New ...

South Florida Business Journal A foreclosure suit has been filed against the owner of the Flamingo Market Place, a 145,946-square-foot retail complex in Pembroke Pines, Fla. Milbrook Properties of New York bought the property in 2007 for $23 million, and ...

Investa Property Group, an Australian property trust manager, is gearing up to put stakes in four office properties with 1.62 million square feet in the United States on the sales market. The properties are part of the Investa Office Fund, ...

Westbrook Partners has obtained an equity stake in the 667-room Westin San Francisco hotel after buying a $22 million mezzanine loan backed by the full-service property. It then paid off $150 million of senior debt against it that was in ...

Commercial Real Estate Direct Staff Report CWCapital Asset Management is offering a portfolio of 11 distressed loans with a balance of $99.7 million through Mission Capital Advisors and Rockwood Real Estate Advisors. The Needham, Mass., company is special servicer for ...

A Macerich venture has paid $105.6 million for the 50 percent stake it didn't already own in Kierland Commons, a 316,000-square-foot retail property in Scottsdale, Ariz. It teamed with Institutional Mall Investors LLC, a CalPERS investment venture managed by Miller ...

Commercial Real Estate Direct Staff Report Borders Group, which filed for Chapter 11 bankruptcy protection yesterday and said it would close 200 of its 642 stores, leases 33 stores in properties that serve as collateral for loans in CMBS deals, ...

San Antonio Express-NewsA Texas Supreme Court Judge last week approved the appointment of a receiver for the 129-room Riverwalk Plaza hotel in San Antonio. ORIX Capital Markets of Dallas sought the appointment of receiver after the property's owner failed to ...