Significant Assignment
North Park
North Park Office Property: Omaha, NE Property Highlights NOTES Closed sale in two phases Worked closely with Seller’s tax advisor to minimize Seller’s tax consequences Defeased existing conduit loan Property Overview Class B Office 2121 N 117th Ave Omaha, NE 1986 to 2006 508,000 SF (6 Buildings) The End Result 2007 $70,500,000 $138.78 MAJOR POINTS…
Read MoreOakview Plaza
Oakview Plaza retail property: Omaha NE Property Highlights NOTES Property located on a secondary road – limited visibility Shorter lease terms on many of the major tenants Existing conduit loan on Phase I of the property Life company Loan in pre-payment lock-out period on second phase of property Complex title issues One tenant behind in…
Read MoreEmbassy Tower
Embassy Tower OFFICE PROPERTY: OMAHA, NE Embassy Tower Property Highlights NOTES Building 60% occupied when Investors Realty took overlisting, with major tenant occupying an additional 20% planning to leave High debt level on property Non-traditional parking arrangement for building Mold discovered on property during due diligence period Additional mold discovered one day prior to closing…
Read More