David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
Deal Name: Series 1999-1
PREIT Completes Buy of 2 Malls
June 6, 2003Pennsylvania REIT (NYSE:PEI) has completed the purchase of two shopping malls from Rouse Co. (NYSE:RSE) for $80.4 million.The two properties are Plymouth Meeting Mall, with 820,000-square-feet in Plymouth Meeting, Pa., and the Echelon Mall, with 1.14 million-sf in ...
Teachers, Rouse Negotiate Penalty on 2 Mall Loans; CMBS Investors Grow Concerned
Rouse is negotiating to reduce or eliminate the prepayment penalties on two loans that encumber properties it is selling. The two mortgages were securitized in 1999. Bondholders are concerned they won't see a fee from the prepayments.
Lehman/UBS Provide $920.5Mln of Financing to Westfield America
Lehman Brothers and UBS Warburg are expected to soon securitize $800 million of the financing. They also provided a two-year loan totaling $120.5 million. The debt is being used to retire a 1999 CMBS issue and a $150 million unsecured ...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
