The three largest loans in the pool represent 56 percent of the total loan balance, says the spokesman. $112 million was loaned toward the Oakland City Center, a series of Shorenstein-owned properties located in Oakland, CA. These six class A office buildings comprise approximately 1 million sf.
Additionally, a $95 million loan was given for the Chicago Marriott Hotel, a joint-ownership under LaSalle and the Carlyle Group, while the Oaks Mall, a Macerich-owned property located in Thousand Oaks, CA was given a $92 million loan by BoA and CIGNA.
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