The owner of Minneapolis' IDS Center office complex has negotiated a term extension of up to three years for the property's $151.66 million mortgage, which had matured in May. The property, at 80 South 8th St., is owned by Accesso ...
Denver Energy Center, a two-building office property with 770,583 square feet in Denver's Uptown area, failed to sell recently, which could very well make it a drag on the CMBS deal that had held a $97.22 million loan against it. ...
Commercial Real Estate Direct Staff Report The Simon Property Group venture that owns the Arundel Mills and the adjacent open-air Marketplace in the Baltimore suburb of Hanover, Md., has paid off the $383.5 million loan against it. Simon owns a ...
Commercial Real Estate Direct Staff Report Pyramid Cos., owner of the 2.4 million-square-foot Destiny USA Mall in Syracuse, N.Y., has negotiated a one-year extension of the $430 million of CMBS financing against the shopping center. The loan was slated to ...
Weakening collateral cash flows and a pending maturity have prompted the transfer to special servicing of the $430 million of CMBS financing against the 2.4 million-square-foot Destiny USA mall in Syracuse, N.Y. The property's owner, Pyramid Cos., says it's in ...
Commercial Real Estate Direct Staff Report Turnpike Mall, a 214,934-square-foot enclosed shopping center in the capital city of Maine, has been sold for $3.2 million to Sun Equity Partners. The sale, first reported by the Bangor Daily News, resolves a ...
Commercial Real Estate Direct Staff Report One of the six remaining loans in the collateral pool for JPMorgan Chase Commercial Mortgage Securities, 2007-CIBC18, has been liquidated, generating a loss of $51.1 million to the trust, whose remaining balance is now ...
Commercial Real Estate Direct Staff Report Somera Road Inc. has purchased the 214,389-square-foot Century City retail center in the northern California city of Modesto, Calif. The New York opportunistic investor bought the 39-year-old property from JPMorgan Chase Commercial Mortgage Securities, ...
Commercial Real Estate Direct Staff Report Douglas Development has paid $12 million, or $146.12/sf, for 116 Defense Highway, an 82,121-square-foot office building in Annapolis, Md., that had backed an $11.6 million CMBS loan that defaulted more than four years ago. ...
Commercial Real Estate Direct Staff Report The $38 million CMBS loan against the 365-room Holiday Inn Baltimore Inner Harbor hotel has transferred to special servicer Midland Loan Services as it's expected to default. The loan, securitized through JPMorgan Chase Commercial ...
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