State: Louisiana - LA
Matured $75.55Mln Loan Against Pecanland Mall in La. Moves to Special Servicing
Commercial Real Estate Direct Staff Report The $75.55 million CMBS loan against the Pecanland Mall in Monroe, La., has transferred to special servicer Greystone Servicing Co. because it wasn't refinanced at its maturity earlier this month. The loan had an ...
Value of Southland Center Mall Near Detroit Gets Clipped; Pierre Bossier Mall Sells for Big Loss
Southland Center Mall in the Detroit suburb of Taylor, Mich., has been appraised at a value of $66.9 million, down from the $114.4 million appraised value given 10 years ago, when a $78.75 million CMBS loan was written against it. ...
New York Investor Pays $31.42Mln for Net Leased Whole Foods Store in New Orleans
A New York investor group, DK WFNO LLC, has paid $31.42 million, or $1,037/sf, for a net-leased Whole Foods supermarket with 30,300 square feet in New Orleans. The purchase allowed the group, led by an affiliate of A&R Kalimian, to ...
Onyx Partners Pays $55.8Mln for New Orleans-Area Apartments
Onyx Partners has paid $55.8 million, or $166,071/unit, for the 336-unit Lumiere apartment property in the New Orleans suburb of Metairie, La. The Lakewood, N.J., investor led by Jeremy Y. Rieder bought the property, at 3301 West Esplanade Ave. North, ...
Pierre Bossier Mall in Louisiana Offered for Sale
The Pierre Bossier Mall in Bossier City, La., just outside of Shreveport, La., formally has been placed on the sales market by Rialto Capital Advisors, the special servicer that's been handling the property's $40 million loan for nearly two years. ...
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