Deal Name: 2002-03

UBS and Bank of America have launched a $415 million CMBS transaction backed by debt against two California shopping centers owned by Westfield America Inc. The deal, UBS-BAMLL Trust, 2012-WRM, will allow Westfield to retire $185 million of debt against ...

Commercial Real Estate Direct Staff ReportAmerican Realty Capital New York Recovery REIT expects to realize a 7.2 percent capitalization rate from its acquisition of 9,346 square feet of retail condominium space in Manhattan's Greenwich Village.The non-traded REIT, which was registered ...

Commercial Real Estate Direct Staff ReportIn separate deals in midtown Manhattan, American Realty Capital New York Recovery REIT has paid $32 million for a 65,000-square-foot office building at 306 E. 61st St. and agreed to pay $7.5 million for a ...

Fitch Ratings last week upgraded 12 classes of GE Capital Commercial Mortgage Corp., 2002-3, because a large portion of the collateral pool has been defeased. The deal has a balance of $1.13 billion, compared with $1.17 billion at issuance. And ...

Standard & Poor's has upgraded 10 classes of GE Capital Commercial Mortgage Corp., 2002-3, because of improved subordination levels and credit quality because of defeasance. The transaction's balance is $1.3 billion, compared with $1.17 billion at issuance. And 7.5 percent ...