The investment bank has provided $200 million of financing against the Coronado Center, a 1.1 million-square-foot shopping center in Albuquerque, N.M., that's owned by General Growth Properties. Proceeds are being used to refinance a CMBS loan that was one of ...
Bridge Partners acquired the Essex Place Apartments in Overland Park, Kan., from Wachovia Bank Commercial Mortgage Trust, 2004-C11, a CMBS trust that took the 352-unit property through foreclosure last year. The CMBS debt backed by the property, at 8900 West ...
Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes Bear Stearns Commercial ...
Business Real Estate Weekly of Arizona Affiliates of SyWest Development, of San Rafael, Calif., have paid a total of $121.77 million for 701,311 square feet of retail space in three Arizona shopping centers. SyWest assumed CMBS loans on two of ...
RXR Realty has agreed to pay a venture made up of Shorenstein Properties and a group led by Mark Karasick $900 million for Manhattan's Starrett-Lehigh Building. The 2.2 million-square-foot office property, at 601 West 26th St., backs $111.9 million of ...
HTML clipboard Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln Class Size $mln Moody's New Rating Moody's Old Rating Reason for Rating Action Wachovia Bank Commercial Mortgage Trust, 2004-C11 984.4 1,040.0 B 28.6 Aaa Aa1 Increased subordination; defeasance ...
The Chicago REIT recently put fresh mortgages totaling more than $615 million on eight of its properties. The refinancing drive is part of the REIT's practice to take cash out of its properties once they're stabilized.
April 23, 2004 Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating S&P Final Pricing (bp) Bnch mark A-1 56.2.00 15.25 3.05 Aaa AAA +27 swaps A-1A 161.02 15.25 NA Aaa AAA -- swaps A-2 70.00 15.25 4.91 ...
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