Deal Name: TIAA Retail Commercial Mortgage Trust
S&P Upgrades Single Class of TIAA 1999-1
Standard & Poor's has upgraded the $58.60 million class B of TIAA Retail Commercial Mortgage Trust, 1999-1, to AAA from AA because of increased subordination.The deal has a remaining balance of $1.05 billion, down 28 percent from $1.47 billion at ...
General Growth Refinances Louisville Mall Mortgage; Faces Maturities
The Chicago REIT recently prepaid a securitized loan on the Mall St. Matthews and refinanced the property with a $154.8 million mortgage. The company is facing about $550.1 million of mortgage maturities this year.
Rouse Pays $8Mln Penalty on Securitized Mall Loan
June 30, 2003Commercial Real Estate Direct Staff ReportRouse Co. has paid $8 million as yield maintenance for a $34 million loan on the Plymouth Meeting Mall, which it recently sold.At the same time, it has paid off a $54 million ...
PREIT Finances 2 Malls; Rouse Prepays Teachers Loans
Lehman Brother has provided Pennsylvania REIT with $134.2 million of mortgages for two properties the REIT bought from Rouse Co. Rouse, meanwhile, has prepaid loans that it received from Teachers Insurance and that were securitized.
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.
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