Overview
- CMBS trusts that hold the distressed debt for Dallas’ Harwood Center chose not to proceed with a planned foreclosure auction sale.
- Burlington Stores expanded its offices at 1400 Broadway in Manhattan by 35,629 square feet to about 206,392 square feet, per a Colliers report.
- Wells Fargo provided a $190 million floating-rate loan on Boston’s Ink Block and 7INK apartment properties, with CBRE arranging the financing.
- Goldman Sachs Private Bank issued $360 million in construction financing for the Four Seasons Hotel and Residences project in Jacksonville, Florida.
- Lone Star Funds bought the mortgage on San Francisco’s 600 California Street, a trade reported to have produced a roughly $144 million loss for CMBS investors.