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
State: Maine - ME
Raleigh, N.C., Office Loan That Was Extended Gets Refinanced
Standard Insurance Co. has provided $14.5 million of mortgage financing against a 123,351-square-foot office building within the Brier Creek Corporate Center in Raleigh, N.C., allowing the building's owner to pay off a CMBS loan that matured last year.
Maine Mall Sees Appraisal Drop Below Loan Balance
Commercial Real Estate Direct Staff Report The Maine Mall in South Portland, Maine, whose $235 million CMBS loan had matured last April and remains outstanding, has been reappraised at a value of $196 million. The loan is securitized through Citigroup ...
$235Mln Loan Against Maine Mall Nears Maturity, Transfers to Special Servicing
Commercial Real Estate Direct Staff Report The $235 million mortgage against the Maine Mall in South Portland, Maine, is unlikely to get taken out when it matures early next month. So, it's been transferred to special servicer LNR Partners. The ...
Arbor Realty Trust Lends $55.2Mln for Maine Apartments
Commercial Real Estate Direct Staff Report Arbor Realty Trust has provided $55.2 million of permanent financing against the 256-unit Latitude at South Portland apartment property in South Portland, Maine. The loan has a 10-year term and allowed the property's developer, ...
Bangor Mall
The property sold for well below its most recent $17.3 million appraised value. A total of 536,299 square feet of the 655,124-sf mall serves as collateral for an $80 million mortgage that was securitized through Morgan Stanley Capital I Inc., ...
Bangor Mall Sells for $12.6Mln to Team Including Mason Asset Management
Commercial Real Estate Direct Staff Report The team of Mason Asset Management, Namdar Realty Group and CH Capital Group has purchased the beleaguered Bangor Mall in Maine, according to a report in the Bangor Daily News. Price paid: $12.6 million, ...
142-Unit Apartment Project Breaks Ground in Fort Lauderdale
South Florida Business Journal City National Bank has provided $19.27 million of construction financing for Six13, a 142-unit workforce-housing property in Fort Lauderdale, Fla. A venture that includes Round Hill Capital Investments recently broke ground on the apartment project, at ...
Another Mall in Maine Sells, Resolving CMBS Loan
Commercial Real Estate Direct Staff Report Turnpike Mall, a 214,934-square-foot enclosed shopping center in the capital city of Maine, has been sold for $3.2 million to Sun Equity Partners. The sale, first reported by the Bangor Daily News, resolves a ...
Aroostook Center Mall
The mall loan was one of eight remaining in the collateral pool for Wachovia Bank Commercial Mortgage Trust, 2007-C33, which also included a $200 million loan against the Independence Mall in suburban Kansas City, Mo., whose collateral recently was sold ...
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, ...
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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.
