December 4, 2001 Banc of America Securities, credit lease-backed notes. Priced Nov. 28. Class/Rating (S&P) Amount Sub. Rate (%) Maturity Coupon (%) Price Talk Priced Benchmark AA- 190 NA Dec., 2016 6.41 +170-175 +170 Treas.
December 4, 2001 NEW YORK – Standard & Poor's has downgraded seven CMBS transactions this year because of interest shortfalls.The rating agency, in a published report, "Interest Shortfalls and Their Impact on CMBS Ratings," warned that CMBS deal's ratings can...
December 4, 2001 DENVER – An investment group has purchased 5,400 units, or 7.7 percent of the outstanding partnership units, in Marriott Residence Inn II LP for $1.5 million. The group, Madison Liquidity Investors 117 LLC, had offered to buy...
December 4, 2001 NOTE: The deal's triple-A classes were said to have been placed with the quasi-governmental mortgage agencies Fannie Mae and Freddie Mac, according to industry sources. The amounts posted for these triple-A classes are from rating agency presale...
December 4, 2001 BOSTON – New Boston Fund Inc. has named Pamela D. Adamian as vice president of asset management.Prior to joining the New Boston Fund, Adamian was an asset manager at TA Associates Realty, a Boston-based pension fund advisory...
December 3, 2001 Class Amount Sub. Rate Rating S&P Rating Moody's Avg. Life Price Talk Benchmark A-1 143 22.5 AAA Aaa 5.7 +55-57 Swaps A-2 412 22.5 AAA Aaa 9.64 +57-59 Swaps B 29.55 18.375 AA Aa2 9.9 +77-79 Swaps...
December 3, 2001 Commercial Real Estate Direct Staff ReportDeutsche Bank, a major player in the CMBS market, has launched the regular publication of a weekly market research report.The report, "CMBS Market Monitor," will be delivered every Friday via mail, both...
December 3, 2001 BOSTON – Trammell Crow Co. (NYSE:TCC) has hired James F. McCaffrey as principal and head of the investment services group at its Boston office.McCaffrey, the former head of investment sales for Meredith & Grew, effectively replaces Robert...
December 3, 2001 ALBUQUERQUE, N.M. – Goodman Realty has paid close to $25 million for Montgomery Plaza, a 400,000-square-foot retail center in Albuquerque, N.M.The property was sold by Montgomery Retail Realty Inc. of New York.Montgomery Plaza is a 30-year-old power...
December 3, 2001 IRVING, Texas – Omni Hotels is looking to expand and is seeking acquisition, development and management opportunities in cities such as Phoenix, Minneapolis and Toronto, as well as in other strategic markets in Florida, Hawaii and along...
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