The San Jose, Calif., company has agreed to pay $71 million for the 373-room hotel. The property will continue to be operated by Ian Schrager. Its sale allows a mortgage, held by Black Diamond, to be retired.
November 14, 2002 Moody's Investors Service has upgraded two classes of DLJ Commercial Mortgage Corp., 1998-STF1, because subordination levels have increased as a result of prepayments and amortization.The rating agency upgraded the deal's:– $3.6 million class B-5 to Baa3 from ...
March 12, 2002 NEW YORK – Moody's Investors Service said it is reviewing for possible downgrade DLJ Commercial Mortgage Corp. 1998-STF2, because of the extremely large number of loans in special servicing. Currently, six loans totaling 72.7 percent of the ...
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