Deal Name: 2003-C3

Metzler North American has paid $55 million for Renaissance Place, a 219,000-square-foot mixed-use complex in the Chicago suburb of Highland Park, Ill. The property, which has office, retail, and residential space, was sold by its developer, Davis Street Land Co.

Moody's Investor Services has upgraded bond classes from three CMBS deals because of increased subordination levels and defeasance. It upgraded five classes of LB-UBS Commercial Mortgage Trust, 2003-C3, which has a balance of $1.3 billion compared to $1.35 billion at ...

Moody's Investors Service has upgraded three classes of GMAC Commercial Mortgage Securities Inc., 2003-C3, because of improved subordination levels.The deal's collateral balance is $1.4 billion, compared with $1.43 billion at issuance.Moody's upgraded its:- $41.7 million class B to Aa1 from ...

July 28, 2004 CBL & Associates Properties Inc. (NYSE:CBL) has purchased the 1.1 million-square-foot Monroeville Mall in the eastern Pittsburgh suburb of Monroeville, Pa., from Turnberry Associates for $231.2 million.The acquisition includes the mall, an associated center known as the ...

December 5, 2003 Commercial Real Estate Direct Staff ReportA $1.3 billion conduit, GMAC Commercial Mortgage Securities Inc., 2003-C3, has been launched by underwriters led by Deutsche Bank, Goldman Sachs and Morgan Stanley.The deal is one of four conduits now in ...

September 30, 2003 Investcorp was the seller of the Fountains at Waterford Lakes apartment complex in Orlando, Fla., which Bresler & Reiner purchased earlier this month for $35.1 million.Although the purchase was previously reported, the seller was not identified. Investcorp ...

Lehman Brothers is including a $160 million portion of the debt on Boston's John Hancock Tower in its upcoming $1.4 billion CMBS transaction. The debt allowed Beacon Capital to buy the building, along with two neighbors, for $910 million.

June 17, 2003 Class Amt ($mln) Sub Level (%) Avg Life (yrs) Rating Moody's Rating Fitch Rating S&P Price Talk (bp) Final Price (bp) Bnch mark A1 127 14.7 3 Aaa AAA AAA +28 area +26 Swaps A2 214 14.7 ...

June 12, 2003 Chelsea Property Group Inc. (NYSE:CPG) has paid $111.3 million for the Crossings Factory Stores, a 391,000-square-foot outlet center in Tannersville, Pa.The property was acquired from Outletter Associates, which had only recently lined up $60.7 million of permanent ...

May 22, 2003 By Rhonda L. Lipschutz, Commercial Real Estate Direct Staff WriterThe $1.3 billion Lehman Brothers-UBS Commercial Mortgage Trust, 2003-C3, priced this week, while the $1.05 billion GMAC Commercial Mortgage Securities Inc., 2003-C1, priced late last Friday.And while secondary ...