Strict Standards: Declaration of JMail::addAttachment() should be compatible with PHPMailer::addAttachment($path, $name = '', $encoding = 'base64', $type = '', $disposition = 'attachment') in /home1/madbulld/public_html/sites/zemmez/plugins/system/mandrill/mailer/mail.php on line 43
Fitch Report: Collier Center in Downtown Phoenix
    
Phoenix Office

November 20, 2014

Fitch Report: Collier Center in Downtown Phoenix

Excerpt: The third largest contributor to Fitch modeled losses is the Collier Center loan (11.3%), the largest loan in the pool, which is secured by the leasehold interest in a 24-story, 567,163 sf office tower located in downtown Phoenix, AZ.

Fitch reports the drop in tenancy can be attributed to the loss of the property’s second largest tenant back in 2011/2012. “However, lease rollover risk remains a concern as nearly 10% rolls before the end of 2014, 2% in 2015, 6% in 2016, and 9% in 2017.”

Editor’s Note: I’ll venture that RED Development would welcome a large tenant about right now.

marketwatch.com

201 E Washington StPhoenix  AZ  85004

Tour The News

CREReport Goes Interactive

Take a tour of the locations where the news is happening.

Zoom in on the location map and drop Google's Pegman (the yellow fellow found on the left side of the map) on the street. You’ll be able to view the propery and the surrounding neighborhood without leaving your desk.

More...