Sacramento, Calif., Office Property Sold for $44.5Mln
April 19, 2024
Phoenix Multifamily Vacancy Rate Improves, Rents Rise
April 19, 2024
Nashville-Area Retail Property Sells for $34.5Mln
April 19, 2024
State: Maine - ME
Bangor Mall in Maine Gets Appraised at $17.3Mln; 13 Percent of 2007 Appraisal
Commercial Real Estate Direct Staff Report Maine's Bangor Mall was appraised in August at a value of $17.3 million - a 40 percent drop from the $28.9 million appraised value set last year and only 13 percent of its $128 ...
Furniture Store to Take Vacant Macy’s Space at Bangor Mall
Bangor Daily News Furniture Mattress & More has signed a lease for 150,000 square feet of retail space at the Bangor Mall in Bangor, Maine. The mattress store is taking the space that had been occupied by Macy's, which recently ...
$75Mln Lent Against Former Boston Globe Headquarters
Commercial Observer A venture of Nordblom Development and Alcion Ventures has obtained a $75 million mortgage against the former headquarters of the Boston Globe newspaper in Boston. ACORE Capital provided the three-year financing, which will be used to acquire and ...
Bangor Mall in Maine Sees 77 Percent Drop in Appraised Value
Commercial Real Estate Direct Staff Report The Bangor Mall in Maine has been appraised at a value of only $28.9 million - less than 23 percent of its $128 million appraised value when its $80 million CMBS loan was written ...
Kimco Lists 3 Calif. Retail Properties; Sells 1 in Maine
Commercial Real Estate Direct Staff Report Kimco Realty Corp. has listed for sale three retail properties in California and has sold one in Maine. The four were part of the collateral pool for a $107.4 million CMBS loan that's securitized ...
$80Mln CMBS Loan Against Maine Mall Seen Defaulting at October Maturity
Commercial Real Estate Direct Staff Report The $80 million CMBS loan against the Bangor Mall, with nearly 654,076 square feet in Bangor, Maine, has transferred to special servicing because it's not expected to get refinanced by its October maturity. The ...
Mixed-Use Project Proposed Near American Dream Mall
South Florida Business Journal Graham Cos. has proposed a mixed-use project near the planned American Dream Miami mall. Plans for the project call for 3 million square feet of office space, 1 million sf of retail space and 2,000 apartment ...
Berkeley Point Writes $70Mln Fannie Loan Against Maine Apartments
Berkeley Point Capital has written $70 million of Fannie Mae financing against Liberty Commons and Redbank Village, a pair of neighboring apartment properties with 620 units in Portland, Maine. The properties, which share the address of 62 MacArthur Circle East, ...
Maine Apartments Fetch $87.5Mln
Portland Press Herald Jones Street Investment Partners has paid $87.5 million, or about $141,129/unit, for two neighboring apartment properties with 620 units in South Portland, Maine. The Hingham, Mass., company purchased the property from Lone Star Funds in a deal ...
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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.
