389-Unit Apartment Property Opens in Morgan Hill, Calif.
April 24, 2024
SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
April 24, 2024
State: Maine - ME
$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, ...
Bidding Reaches $14.95Mln at Auction for Bangor Mall
Commercial Real Estate Direct Staff Report The Bangor Mall in Maine received a high bid of $14.95 million at an online auction conducted by NKF Capital Markets on the Ten-X platform. But it's not clear whether the property's owner, Morgan ...
Maine’s Bangor Mall Heads to Sales Block
The Bangor Mall, a 655,124-square-foot enclosed shopping center in Bangor, Maine, that had backed an $80 million CMBS loan, is being offered for sale through NKF Capital Markets. The property, which lost two of its five anchor tenants in recent ...
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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.
