The Real Deal Edge Principal Advisors has defaulted on $39 million of debt against that 112,000-square-foot office property at 6101 West Centinela Ave. in Culver City, Calif., a suburb of Los Angeles. Forethought Life Insurance had provided the loan in ...
The Real Deal A venture of SteelWave and Barings has turned over to its lender the 164,400-square-foot office property at 2160 East Grand Ave. in El Segundo, Calif., in a deed-in-lieu of foreclosure. The property, which was built in 1999, ...
The Real Deal TA Partners has defaulted on $200 million of financing against a pair of apartment development sites at 18831 Von Karman Ave. and 17422 Derian Ave. in Irvine, Calif. Mack Real Estate had provided TA, of Irvine, with ...
San Antonio Business Journal Summit at Salado Creek, a 352-unit apartment property in San Antonio, will be offered for sale at a Feb. 6 foreclosure auction. The property, at 12727 Vista Del Norte, serves as collateral for a $39.72 million ...
Dallas Morning News Ares Commercial Real Estate has filed to foreclose on the $127 million of debt against The Gabriella, a 378-unit luxury apartment property in Dallas. The New York lender provided the loan to the developer, Greystar Real Estate ...
Dallas Morning News Thistle Creek Partners has filed to foreclose against a $13.5 million loan it holds against the 18-story office building at 211 North Evray St. in downtown Dallas. It's the second such effort it's made in six months. ...
Triangle Business Journal Lou Moshakos has paid $14.9 million, or about $147.52/sf, for the 101,000-square-foot office building at 227 Fayetteville St. in downtown Raleigh, N.C. The owner of LM Restaurants bought the 10-story property from PNL Cos. of Dallas through ...
The Real Deal Rialto Capital Advisors, special servicer for a $215 million CMBS loan against the 82,573-square-foot mixed-use property at 681 Fifth Ave. in midtown Manhattan, has filed to foreclose against it. The loan, scattered among five CMBS deals, is ...
The Real Deal Crown Merchandise Corp., an equity investor in the 89,618-square-foot office building at 20 East 46th St. in Manhattan, is suing Nightingale Properties, claiming it hadn't been provided with any information on its $12 million investment. Nightingale had ...
Pennsylvania REIT has filed a prepackaged bankruptcy plan designed to reduce its total indebtedness by about $880 million. The filing was made in the U.S. Bankruptcy Court for the District of Delaware. The Philadelphia REIT, which owns 23 properties, including ...
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