RALEIGH, NC-The Palisades I office building of Lichtin Corp. in west Raleigh has finally been sold. The trustees for the Palisades I CMBS loan emerged as the winner for the office building with a final bid of approximately $9.4 million.
U.S. Bank, the trustee for the holders of the securities, is collaborating with special servicer Baltimore-based CWCapital Asset Management, which has awarded the management and leasing of the building to Cassidy Turley. For the full story, go to Triangle Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
