CWCapital Asset Management is special servicer handling the two distressed loans that were securitized through LB-UBS Commercial Mortgage Trust, 2000-C4, and First Union National Bank Commercial Mortgage Trust, 2002-C1, which are being offered through Mission Capital Advisors. A story published ...
Cyrus Sakhai, the New York investor leading Pontiac Center LLC in its acquisition of 585 South Blvd. in Pontiac, Mich., was never an investor in Sovereign Group. His family has been investing in real estate for some 20 years. A ...
A story published earlier today, "Monday's $1.15Bln Manhattan Buy Faces Challenges," incorrectly identified the firm that sold 100 Wall St. and 237 Park Ave. in Manhattan and a portfolio of Rosslyn, Va., office buildings to Monday Properties. The seller was ...
First Financial Network of Oklahoma City is offering a $200 million portfolio for a bank client, with bids due on Aug. 28. The Aug. 17 story, "Secondary Mortgage Market Blossoms with Offerings," incorrectly stated when the bids were due.
Pennsylvania Public School Employees' Retirement System and the University of Michigan endowment did not invest in BPG Properties' latest investment vehicle, BPG Investment Partnership VIII. The two institutions had invested in previous BPG funds, but not in the latest. A ...
HFF Inc. is expected to soon offer for sale the 10 million square feet of Chicago office properties it assumed through its acquisition of Equity Office Properties, but it has not yet done so. A story published yesterday, "Equity's Former ...
An investment team led by Heritage Management Co. and including Ivy Equities paid $72 million for Four Gateway Center, a 327,000-square-foot office building in Newark, N.J. The property was purchased from the Olnick Organization and financed with debt provided by ...
Eastdil Secured is the lead financial adviser to Beacon Capital Partners in its sale of 15 properties, comprising its Beacon Capital Strategic Partners Fund III. Morgan Stanley and Goldman Sachs are co-advisers. A story published yesterday, "Broadway Partners Buying Beacon ...
Behringer Harvard's latest investment vehicle, Behringer Harvard Opportunity REIT II Inc., is targeting the payment of relatively hefty dividends. An article published Feb. 27, "Behringer Harvard Launches Opportunistic REIT Vehicle," inaccurately said it had been promising those dividends.
The Sears Tower generated $55.4 million of net operating income last year, according to Realpoint. A story published on February 1, "Dillon Read Lends $780Mln for Sears Tower," incorrectly stated the property's net operating income.
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© 2023 Commercial Real Estate Direct All rights reserved..