One of the two original developers behind the Tri-County Mall project has formed a new ownership group and completed the repurchase of the Springdale, OH property, reigniting hopes for its $1-billion transformation into a mixed-use development, the Cincinnati Business Courier reported….
The note backing One North LaSalle ($67.2 million | 57.8% of CARB 2019-FL2) has been sold at a $58.5-million realized loss, according to Morningstar Credit. Namdar has purchased the note for just under $20.0 million according to the article. The…
A 119-key boutique hotel in downtown Alpharetta, GA has returned to its lender, the Atlanta Business Chronicle reported. The Hamilton, part of Hilton’s upscale Curio Collection, was foreclosed upon on July 2. An affiliate of Atlanta-based Peachtree Group was the highest…
Metropolitan Life Insurance Co. has taken the 166,000-square-foot office property at 240 W. 35th St. in Midtown Manhattan by foreclosing against a mortgage it had provided in 2018, Trepp reported. It made a $30-million credit bid at a May 29…
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The owner of the one-time crown jewel of North Fulton County retail has given up on the property. The Von Maur anchor at North Point Mall in the affluent North Fulton County community in Atlanta. Brookfield Property Partners has transferred the…
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