Commercial Real Estate Direct Staff Report Midland Loan Services has stopped advancing interest payments on behalf of the defaulted $30 million CMBS loan on the 545 Madison Ave. office building in midtown Manhattan. The action, highlighted this morning in a ...
Commercial Real Estate Direct Staff Report L REIT Ltd., a Texas group that recently filed bankruptcy, is led by Mohammad Nasr, who is listed as the sponsor of the 197-room Staybridge Suites in Cathedral City, Calif., which serves as collateral ...
Commercial Real Estate Direct Staff Report The recent bankruptcy filing of L REIT Ltd. of Texas has prompted the transfer to special servicing of a $50.3 million CMBS loan against the Heron Lakes office complex in Houston, which it ...
Senior Care Centers, an operator of skilled-nursing and senior-living properties in Texas and Louisiana, has filed for Chapter 11 bankruptcy protection. The Dallas company typically leases and operates properties owned by other companies, including LTC Properties Inc. and Sabra Health ...
The owner of the Flatiron Hotel in Manhattan's Midtown South neighborhood has thrown the property into bankruptcy, in an evident move to avoid losing the property through foreclosure. The property is encumbered by a $22.5 million loan that was securitized ...
Commercial Real Estate Direct Staff Report The Mesilla Valley Mall in Las Cruces, N.M., has been taken through foreclosure and is now classified as real estate-owned. A total of 372,483 square feet of the 627,400-sf shopping center had served as ...
Commercial Real Estate Direct Staff Report The 176-unit Monarch 815 at East Tennessee State student housing property last year operated at a 65 percent occupancy rate, impacting its ability to stay current on its $31.9 million CMBS loan, which last ...
Commercial Real Estate Direct Staff Report The $50.7 million CMBS loan against 708,695 square feet at the 851,498-sf Oakdale Mall near Binghamton, N.Y., has been transferred to special servicer Rialto Capital Advisors because it's expected to default. The loan ...
A venture of Great American Group, Tiger Capital Group and lenders to Bon-Ton Stores Inc. has put the retailer's 230 locations on the sales block. The retailer, which is in the process of liquidating, owns 22 properties, seven that are ...
Commercial Real Estate Direct Staff Report The 543,951-square-foot office building at 707 Broad St. in Newark, N.J., has been appraised at a value of $39.8 million - just less than the $40.6 million that remains outstanding on the CMBS loan ...
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© 2023 Commercial Real Estate Direct All rights reserved..