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: Wachovia Bank Commercial Mortgage Trust
Fitch Downgrades LBUBS 2007-C6, JPMBB 2014-C19, WFRBS 2012-C7, WBCMT 2005-C17 and COMM 2014-UBS6
Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes LB-UBS Commercial Mortgage Trust, ...
Sheraton Park Hotel in Anaheim, Calif., Sells for $52.5Mln
The Sheraton Park Hotel in Anaheim, Calif., whose $65 million CMBS loan had soured in 2012, was sold at auction, generating $52.5 million of proceeds for Wachovia Bank Commercial Mortgage Trust, 2007-C34, which had held the loan. The CMBS trust ...
CWCapital Offers for Sale Anaheim, Calif., Sheraton Park Hotel
Commercial Real Estate Direct Staff Report CWCapital Asset Management will take bids next week through the RealInsight Marketplace online platform for the 486-room Sheraton Park Hotel in Anaheim, Calif. The property, at 1855 South Harbor Blvd. Drive, near the Anaheim ...
N.J. Office Leased to T-Mobile Goes on Sales Block
Commercial Real Estate Direct Staff Report The 105,135-square-foot office building at 4 Sylvan Way in Parsippany, N.J., is being offered for sale by its owner, Torchlight Loan Services. The property is fully leased through May 2027 to T-Mobile. And there's ...
CMBS Deal Takes $149.7Mln Loss from Sale of Independence Mall
Commercial Real Estate Direct Staff Report The recent sale of the Independence Mall in suburban Kansas City, Mo., resulted in a $149.7 million loss to Wachovia Bank Commercial Mortgage Trust, 2007-C33, the CMBS deal that had held a $200 million ...
Maine’s Aroostook Center Mall Sells for $4.65Mln
Commercial Real Estate Direct Staff Report The Aroostook Center Mall in northern Maine, which backs a $10.1 million CMBS loan that has been in special servicing for nearly two years, has finally sold. The 565,537-square-foot property, in Presque Isle, Maine, ...
Torchlight Moves to Sell Industrial Buildings Backing Soured $80.7Mln CMBS Loan
Commercial Real Estate Direct Staff Report Torchlight Investors is moving forward with the liquidation of 13 industrial properties with 2.1 million square feet that secure a distressed $80.7 million CMBS loan. The loan, securitized through Wachovia Bank Commercial Mortgage Trust, ...
K.C.’s Independence Mall Sells for $63.3Mln
The Independence Mall in suburban Kansas City, Mo., has been sold for $63.3 million to International Growth Properties, a Los Angeles retail property specialist. The sale resolves a distressed $200 million loan that was securitized through Wachovia Bank Commercial Mortgage ...
Iowa Mall Offered for Sale, Setting Stage for Resolution of Long-Troubled CMBS Loan
Commercial Real Estate Direct Staff Report The Westland Mall in West Burlington, Iowa, is being offered for sale, a move that will ultimately result in the resolution of a long-troubled $15.5 million CMBS loan. The loan, securitized through Wachovia Bank ...
Xenia Hotels Pays $170Mln for Calif. Resort, Resolving $186.5Mln CMBS Loan
Commercial Real Estate Direct Staff Report Xenia Hotels & Resorts Inc. has paid $170 million, or $519,878/unit, for the 327-room Park Hyatt Aviara Resort, Golf Club & Spa in Carlsbad, Calif. The Orlando, Fla., REIT bought the 21-year-old property, formerly ...
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