Commercial Real Estate Direct Staff Report The Galleria at Pittsburgh Mills mall in suburban Pittsburgh has been appraised at a value of only $30.8 million, according to a report by TreppWire. That's a sharp reduction from its $77 million appraisal ...
Class Amt $mln Sub Level% Avg Life (yrs) RatingMoody's RatingFitch RatingKroll RatingMStar Pricing % Yield% Final Pricing (bp) Bnch mark A-1 32.70 30.00 2.82 Aaa AAA AAA AAA 100.000 1.947 +75 swaps A-2 6.30 30.00 4.92 Aaa AAA AAA AAA ...
Commercial Real Estate Direct Staff Report E! Entertainment Television has exercised an option to terminate its lease for 385,500 square feet at the Wilshire Courtyard, a 1 million-square-foot office complex in Los Angeles. The lease termination was highlighted by Kroll ...
Inland Real Estate Income Trust Inc. has paid $34.1 million, or $303.75/sf, for the Milford Marketplace, a 112,257-square-foot shopping center in Milford, Conn. The Oak Brook, Ill., REIT, whose shares do not trade on any exchange, purchased the fully-leased property ...
Jackson National Life Insurance Co. has provided a $50 million loan against the 178-room Key West Hilton Resort in Key West, Fla. The 20-year mortgage, which was arranged by NorthMarq Capital, replaced a $49.9 million loan that was securitized through ...
New York Observer Metro-North Commuter Railroad Co. has signed a 19-year lease extension at the 1.5 million-square-foot Graybar Building in Manhattan. As part of the deal, the commuter rail line company is expanding the amount of space it occupies, to ...
Bank of America has provided a $180 million loan against the 434,238-square-foot office property at 261 Fifth Ave. in Manhattan's Midtown South area. The financing was used to fund the repayment of a $141 million CMBS loan that matured earlier ...
John Hancock Life Insurance Co. has provided $34 million of financing against 606 South Olive St., a 299,000-square-foot office building in downtown Los Angeles. The 15-year loan, which pays a coupon of 3.5 percent and amortizes on a 30-year schedule, ...
Commercial Real Estate Direct Staff Report Hospitality Properties Trust has agreed to pay a venture led by Driftwood Hospitality Management $77.3 million, or $212,362 /room, for the 364-room Crowne Plaza Denver Downtown hotel. The property, at 1450 Glenarm Place, ...
Commercial Real Estate Direct Staff Report A venture of Swig Co. and Intercontinental Real Estate Corp. has paid $150 million, or $368/sf, for 6300 Wilshire Blvd., a 408,000-square-foot office building in Los Angeles. The 22-story property, which backs $53 million ...
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