Commercial Real Estate Direct Staff Report Northwood Centre in Tallahassee, Fla., has been appraised at a value of $8.5 million, which means the $46.2 million CMBS loan against it will almost certainly see a substantial loss. The loan is securitized ...
Commercial Real Estate Direct Staff Report The $27 million mortgage against the Yankee Candle Co.'s headquarters and main distribution facility in South Deerfield, Mass., is being offered for sale. The loan is securitized through ML-CFC Commercial Mortgage Trust, 2007-5. It ...
The $125 million CMBS loan against the Central Park mixed-use property in Fredericksburg, Va., has been refinanced. The collateral property's owner did that by separating its retail component from its office portion and financing one with a new securitized loan ...
Commercial Real Estate Direct Staff Report The Central Park Shopping Center, a massive power center in Fredericksburg, Va., might be challenged to refinance its $125 million mortgage when it comes due in November. According to Morningstar Credit Ratings, the 671,518 ...
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 Morgan Stanley Capital ...
Commercial Real Estate Direct Staff Report The $46.2 million CMBS loan against the Northwood Centre, a 491,086-square-foot mixed-use property in Tallahassee, Fla., has transferred to special servicing because it's expected to default. The loan is securitized through ML-CFC Commercial Mortgage ...
The Real Reporter Goldman Sachs is acquiring a stake in 10 Milk St., a 221,887-square-foot office building in Boston. The 11-storty property is owned by a venture of Synergy Investments, Independencia SA and GreenOak Real Estate, which is being represented ...
Aareal Capital Corp. has provided $37.5 million of mortgage financing against the 216-room Warwick Denver Hotel. The property, at 1776 Grant St. in the city's downtown, is owned and operated by Warwick International Hotels, which operates 58 high-end hotels globally. ...
Commercial Real Estate Direct Staff Report The expected pay-off of the CMBS financing against Manhattan's Stuyvesant Town/Peter Cooper Village apartment property is finally starting to show up on trustee reports. According to a report on TreppWire this morning, Both ML-CFC ...
Thorofare Capital has provided $32.5 million of bridge financing against Castleton Square & Commons, a 256,582-square-foot retail power center in Indianapolis. The financing allowed Arciterra Group, a Phoenix developer, to buy the property from McKinley Inc. of Ann Arbor, Mich., ...
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