RENTv A joint venture between ViaWest Group and Contrarian Capital Management has purchased Raintree Corporate Center I & II, a two-building office property with a combined 300,000 square feet in Scottsdale, Ariz., for $52 million, or $173/sf. The buildings, at ...
Bank of America has provided $120 million of mortgage financing against the Shoppes at Bel Air in Mobile, Ala. The loan retired $109.6 million of CMBS debt that was scheduled to mature later this year and had become open to ...
Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes Banc of America ...
The Sears store at the Bel Air Mall in Mobile, Ala., which accounts for nearly a quarter of the space at the 1.3 million-square-foot shopping center, is set to close soon. That could impact the ability of the property's $110 ...
Commercial Real Estate Direct Staff Report Crow Holdings has completed its purchase of the 82 percent stake in the Dallas Market Center, giving it full ownership of the 3.1 million-square-foot showroom property. The Dallas investment manager bought the stake from ...
Wells Fargo Bank has provided $23 million of financing against Foothills Park Place, a 132,496-square-foot retail property in Phoenix. The loan, arranged by NorthMarq Capital, is expected to be securitized and carries a rate that's roughly 1 percentage point lower ...
SL Green Realty Corp. has unencumbered 711 Third Ave., a 568,710-square-foot office building in midtown Manhattan by paying off its $120 million mortgage. The New York REIT retired the loan, securitized through Merrill Lynch Mortgage Trust, 2005-MCP1, three months before ...
Commercial Real Estate Direct Staff Report CNL Lifestyle Properties Inc. has struck a deal to sell its 82 percent stake in the Dallas Market Center to Crow Holdings, which owns the remaining 18 percent stake, for $140 million. The sale, ...
Cedar Realty Trust Inc. has paid $24.5 million, or $263.45/sf, for Lawndale Plaza, a 93,000-square-foot retail center in the Lawndale section of Northeast Philadelphia. The Port Washington, N.Y., REIT bought the 17-year-old property, at 6301 Oxford Ave., from Highland Cos. ...
Cincinnati Business Courier Huntington National Bank has signed a 13-year lease for about 50,000 square feet of office space at 525 Vine St. in Cincinnati. It is vacating 41,000 sf at Fourth & Walnut Center, a 356,000-sf office building that's ...
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