Commercial Real Estate Direct Staff Report
Expecting Samson Resources Corp. to vacate the nearly 200,000 square feet that it occupies at the Williams Center Towers in Tulsa, Okla., Morningstar Credit Ratings has slashed its estimate of value for the 765,809-square-foot building by 42.4 percent to $36.3 million from its 2013 appraised value of $63 million.
The building, at 1 West 3rd St., serves as collateral for a $45.5 million loan that was securitized through WFRBS Commercial Mortgage Trust, 2014-LC14. It's the sixth largest loan in the CMBS transaction and comprises 3.75 percent of the deal's $1.2 billion...
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