Subject: Loan Offerings (LOAN)
Taconic Capital Seen Buying Last 2 Assets of GECMC 2007-C1
Taconic Capital Advisors has purchased the last two assets in the collateral pool of GE Commercial Mortgage Corp., 2007-C1. Those are the 428,629-square-foot 1111 Fannin St. office building in Houston that the New York investor bought in a venture with ...
October Sees Only $26.2Bln of Property Sales; Year-to-Date Volume Lags Last Year by 40 Percent
Only $26.2 billion of commercial property sales took place in October, down 14.6 percent from the $30.7 billion of volume that took place in September and 52.2 percent from the $54.9 billion of deals that were recorded last October, according ...
2 Construction Loans Against Hotel, Office Projects in Manhattan for Sale
Commercial Observer Hana Financial Investment is offering for sale two performing construction loans against hotel and office projects in Manhattan. The Korean lender is looking to sell a $145 million loan against a 98-room hotel that Caspi Development is constructing ...
Judge Delays Auction of 4 Junior Mezz Loans Against Manhattan Condo Buildings
Crain's New York Business A New York State Supreme Court judge temporarily halted the auction of four junior mezzanine loans that CIM Group had provided against four residential condominium buildings in Manhattan. The ruling came after HFZ Capital Group, which ...
$62.7Mln CMBS Loan Against Burnsville Center Draws High Bid of $17.1Mln
Commercial Real Estate Direct Staff Report The $62.7 million distressed loan against the Burnsville Center shopping mall in suburban Minneapolis received a winning bid of $17.1 million at an auction conducted in recent days on the Ten-X Commercial auction website. ...
Davidson Kempner Acquires B-Note Against One Court Square in Queens, N.Y.
Commercial Observer Davidson Kempner Capital Group has acquired the $100 million B-note against One Court Square, a 1.5 million-square-foot office building in Queens, N.Y. The company bought the note from SL Green Realty Corp. Cushman & Wakefield arranged the sale. The ...
Magna Hospitality to Buy Loans Against 2 Manhattan Hotels
The Real Deal Magna Hospitality is buying the loans against a pair of hotels with a combined 463 rooms in Manhattan. The Warwick, R.I., investment manager is acquiring a $56 million loan against the 239-room Fairfield Inn & Suites, at ...
CMBS Loan Against Miami’s Southland Mall Offered for Sale
Commercial Real Estate Direct Staff Report The $65.2 million distressed loan against the Southland Mall near downtown Miami has been put up for sale. The loan is the last remaining asset in the collateral pool for JPMorgan Chase Commercial Mortgage ...
Citizens Bank Auctioning Ownership Interests in 2 Manhattan Retail Condos
The Real Deal Citizens Bank is conducting a foreclosure auction in December for the ownership interest in a pair of retail condominium units in Manhattan's SoHo neighborhood. Eastdil Secured is representing the bank, which holds mezzanine debt against the ownership ...
Midland Puts Nonperforming CMBS Loan Against Md. Mall on Sales Block
Commercial Real Estate Direct Staff Report Midland Loan Services has put the $21.9 million CMBS loan against the Country Club Mall in western Maryland on the sales block. The loan, securitized through JPMBB Commercial Mortgage Securities Trust, 2013-C14, has been ...
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