Commercial Real Estate Direct Staff Report The $69.24 million of CMBS financing against the 1.2 million-square-foot Westminster Mall in Westminster, Calif., has been transferred to special servicer Torchlight Loan Services. The transfer was first highlighted by The Real Deal. The ...
Armed with a massive lease with New Jersey Transit, the group that owns three buildings within the Gateway Center office complex in Newark, N.J., has been able to negotiate a term extension for the $285 million CMBS loan against the ...
Commercial Real Estate Direct Staff Report Having reached its initial maturity, the $346 million mortgage against a portfolio of 12 apartment properties with 2,746 units owned by Nitya Capital has transferred to special servicer SitusAMC. The transfer was highlighted this ...
Commercial Property Executive Intermolecular has agreed to extend its lease for the entire 146,159-square-foot research and development building at 3011 North First St. in San Jose, Calif. The affiliate of Merck KGaA of Germany has leased the property from a ...
Commercial Real Estate Direct Staff Report The 225,485-square-foot office property at 300 East Lombard St. in Baltimore has had its appraised value slashed by 76 percent to $9.1 million, according to Morningstar Credit Analytics. The property is owned by JMS ...
InterGroup Corp., which owns the 543-room Hilton San Francisco Financial District hotel, is in talks with special servicer Rialto Capital Advisors over a potential one-year term extension of the property's $86.05 million mortgage and $20 million of mezzanine financing.
Franklin BSP Realty Trust Inc. has provided $65 million of financing against the Wildwood Center, a 668,082-square-foot office property in Atlanta. The fresh financing, which requires only interest payments for its five-year term and pays a 7.98 percent coupon, was ...
Commercial Real Estate Direct Staff Report The $158.75 million loan against 306,855 square feet at the 1.09 million-sf Miami International Mall has been modified, with its term extended through next February. It can be extended by another year. But the ...
Commercial Real Estate Direct Staff Report LNR Partners, as special servicer for what originally had been a $39.5 million CMBS loan against the 121,000-square-foot office portion of the Harbourside North mixed-use building in Washington, D.C., has thrown the space into ...
Crescent Heights Inc., which had developed the NEMA San Francisco apartment property in the city's SoMa area, has negotiated the modification of the $110 million of mezzanine debt that the 754-unit property supports.
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© 2023 Commercial Real Estate Direct All rights reserved..