General News

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-140.0030.004.10AAAAAA+22swapsA-1A366.0030.00NAAAAAAANAswapsA-2289.1030.004.78AAAAAA+38.5swapsA2-FL395.0030.004.78AAAAAA+25LiborA-3131.5030.005.96AAAAAA+48swapsA-466.3530.007.89AAAAAA+47swapsA-583.0030.009.57AAAAAA+48swapsA-M170.8620.009.70AAAAAA+53swapsAM-FL25.0020.009.70AAAAAA+41.5LiborA-J53.0012.6259.76AAAAAA+58swapsAJ-FL91.4412.6259.76AAAAAA+46LiborB41.6210.509.78AAAA+75swapsC22.039.3759.81AA-AA-+85swapsD24.488.1259.87AA+100swapsE14.697.3759.87A-A-+120swapsF24.486.1259.87BBB+BBB+200swapsG22.035.009.87BBBBBB+235swapsH22.033.8759.87BBB-BBB-+200swapsJ14.693.125-BB+BB+NATreasK4.902.875-BBBBNATreasL7.352.50-BB-BB-NATreasM4.902.25-B+B+NATreasN4.902.00-BBNATreasO4.901.75-B-B-NATreasP4.901.50-CCC+CCC+NATreasQ4.901.25-CCCCCCNATreasS24.480.00-NRNRNATreasX1,958.56*NA-AAAAAANATreas*Notional amount, interest onlyCollateral balance: $1,958.56 millionBookrunner(s): Morgan StanleyLead Managers: Morgan Stanley Co-managers: Bear StearnsB-piece Buyer: LNR PartnersMaster Servicer: Wells Fargo BankSpecial Servicer: LNR PartnersTrustee: LaSalle BankOriginators: Morgan Stanley (100 percent)Number of Loans/Properties: 97/130Top-10 Concentration: 64.1 percentUnderwritten...

Commercial Real Estate Direct Staff ReportIStar Financial has sold a minority stake in Detroit's Comerica Tower office building to investment manager Mayfield Gentry Realty Advisors. IStar acquired the 941,354-square-foot building at One Detroit Center three months ago in a deed-in-lieu...

The Sycamore Creek Research Park, an 80,123-square-foot office/research property in San Diego, has sold for $23.7 million.A private investor purchased the three-building property from an entity operating as Sorrento Business & Science Center LLC. Grubb & Ellis brokered the transaction.Sycamore...

Cammeby's International Ltd. has paid $135 million for Lynnewood Gardens, a 1,798-unit apartment complex in the Philadelphia suburb of Elkins Park, Pa.The New York firm purchased the property from an undisclosed seller, which marketed the complex through Gebroe-Hammer Associates of...

  This transaction priced on July 25.ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-1155.0030.003.68AAAAAA+22swapsA-1A488.9330.009.23AAAAAANAswapsA-2259.0030.004.90AAAAAA+31swapsA-3387.0030.006.51AAAAAA+45swapsA-3B126.3030.009.33AAAAAA+48swapsA-SB140.0030.007.19AAAAAA+45swapsA-41,573.0030.009.73AAAAAA+42swapsA-M450.6020.009.86AAAAAA+47swapsA-MFL50.0020.009.86AAAAAA+35LiborA-J245.3011.6259.87AAAAAA+54swapsA-JFL150.0011.6259.87AAAAAA+42LiborB23.8011.1259.94AA+AA++64swapsC71.349.6259.94AAAA+70swapsD35.708.8759.94AA-AA-+78swapsE29.738.259.94A+A++85swapsF35.707.509.94AA+95swapsG47.566.509.94A-A-+105swapsH53.275.3759.94BBB+BBB++200swapsJ65.634.009.94BBBBBB+230swapsK53.272.8759.94BBB-BBB-+315swapsL11.902.6259.94BB+BB+NATreasM11.902.3759.94BBBBNATreasN17.852.009.94BB-BB-NATreasO11.901.759.94B+B+NATreasP5.951.6259.94BBNATreasQ5.951.509.94B-B-NATreasS71.410.0010.66NRNRNATreasX4,760.55*NANAAAAAAANATreas*Notional amount, interest onlyCollateral balance: $4,760.55 millionBookrunner(s): CitigroupLead Managers: CitigroupCo-managers: Capmark Securities, PNC Capital Markets, Banc of America Securities, Lehman BrothersB-piece Buyer: American Capital StrategiesMaster Servicer: Midland Loan ServicesSpecial Servicer: CWCapital Asset...

An affiliate of WCF Development has paid $40 million for the Almeda Mall, a 782,353-square-foot retail property in Houston, Texas.The Houston firm purchased the property from Glimcher Realty Trust, a Columbus, Ohio, REIT, that marketed it through Eastdil Secured. The...

Commercial Real Estate Direct Staff ReportThe volume of delinquent CMBS fell in June to $2.27 billion from $2.4 billion a month earlier, according to Realpoint.The reduction in volume was due in large part to the liquidation of $62.5 million of...

Cornerstone Real Estate Advisors has paid $58 million for The Lakes, a 174,065-square-foot office complex in West Covina, Calif.The firm purchased the two-building complex on behalf of a Los Angeles pension fund from Ten West Associates, a Los Angeles investment...

A venture led by ING Clarion Partners has paid $18.3 million for a 68,832-square-foot medical office building near Houston.The venture with Montecito Medical Co. acquired the Conroe Medical Arts and Surgical Plaza, at 1501 River Pointe in Conroe, Texas. The...

Brandywine Realty Trust has paid $96.3 million for The Boulders Office Park, a 508,607-square-foot office building in Richmond, Va.The Malvern, Pa., REIT purchased the five-building property from SugarOak Properties of Herndon, Va., which marketed it through HFF Inc., along with...