Commercial Real Estate Direct Staff Report Sterling Organization has acquired Plaza Mexico, a 403,242-square-foot retail center in Lynwood, Calif., for $164.63 million, or $408.27/sf. The transaction should result in the pay off of a troubled $106 million CMBS loan against the property. TreppWire first highlighted the potential loan resolution. Sterling, of West Palm Beach, Fla., […]
The post Calif. Retail Center Sells for $164.63Mln; Troubled CMBS Loan Getting Paid Off appeared first on Commercial Real Estate Direct.
Leave A Comment