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Commercial Real Estate Direct Staff Report Pennsylvania REIT has tapped a revolving credit facility from a group of lenders led by Wilmington Savings Fund Society to retire a $51.47 million CMBS loan against the Dartmouth Mall in southeastern Massachusetts that ...
Commercial Real Estate Direct Staff Report The $62 million CMBS loan against the Outlets of Mississippi, which had transferred to special servicing in late 2018 and defaulted the following May, is close to getting modified. News of the upcoming modification ...
The student-housing property that backs a $37.7 million loan that's in special servicing has been appraised at a value of $36.3 million, which could spell losses for the CMBS trust that holds it. The property, some three miles from Oklahoma ...
Orlando Sentinel Electronic Arts, which occupies 128,240 square feet at 1901 Summit Tower Blvd. in Orlando, Fla., could terminate its lease in October 2021 - four years ahead of schedule - if it gives notice and pays a $1.85 million ...
Commercial Real Estate Direct Staff Report The $49.2 million loan against the Aspen Heights-Statesboro student-housing property in Statesboro, Ga., has been transferred to special servicing because it's been classified as being 30-days late with its payment. The transfer to the ...
Commercial Observer Tommy Hilfiger has closed its 22,000-square-foot flagship store at 681 Fifth Ave. in Manhattan. PVH Corp., which owns the clothing company, opened the store in 2009. The lease expires on May 31, 2023. Metropole Realty Advisors has owned ...
Commercial Real Estate Direct Staff Report The Fortis Property Group venture that owns the Colonnade office complex in Addison, Texas, had to pony up $163.2 million to defease a $152.4 million mortgage against the property that had been securitized six ...
UBS has provided $240 million of financing against the 1.1 million-square-foot Colonnade office complex in the Dallas suburb of Addison, Texas. A $63 million subordinate piece of the financing was syndicated to EverWest Real Estate Investors. The debt allowed for ...
Commercial Real Estate Direct Staff Report The 318-unit Aspen Heights student-housing property near the University of Missouri in Columbia, Mo., has been appraised at a value of $40 million - 44 percent less than its value just six years ago, ...
A $62 million CMBS loan that was written four years ago against a then-newly built outlet shopping center near Jackson, Miss., has transferred to special servicer LNR Partners because it's expected to default. The property, Outlets of Mississippi, has seen ...
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© 2023 Commercial Real Estate Direct All rights reserved..