Deal Name: 2004-C2

Commercial Real Estate Direct Staff Report Last month's sale of the Military Circle Mall in Norfolk, Va., for $11.3 million resulted in a loss of $57.4 million to the CMBS trust that had held a $52.3 million loan against it. ...

Commercial Real Estate Direct Staff Report The $52.3 million CMBS loan against the Military Circle Mall, an 858,174-square-foot shopping mall in Norfolk, Va., has been resolved through the sale of the collateral property for $11.3 million to the Norfolk Economic ...

Cleveland Plain Dealer An affiliate of Somera Road Inc. has paid $8.3 million, or $66.40/sf, for the vacant Strongsville Corporate Center in suburban Cleveland. The 125,000-square-foot office property, at 17800 Royalton Road in Strongsville, Ohio, had backed a $12.2 million ...

Cleveland Plain Dealer The 125,006-square-foot office building at 17800 Royalton Road in the Cleveland suburb of Strongsville, Ohio, is losing its only tenant. Medical Mutual of Ohio's lease for space at the property expires in July, and the insurance company ...

Commercial Real Estate Direct Staff Report Deutsche Bank has provided $300 million of floating-rate financing against 904,573 square feet of office and storage space at 731 Lexington Ave. in midtown Manhattan that serves as Bloomberg LP's headquarters. The loan is ...

Rouse Properties Inc. has lined up $68 million of mortgage financing against its Valley Hills Mall, a 933,668-square-foot shopping center in Hickory, N.C. Proceeds of the loan, which pays a fixed coupon of 4.47 percent and matures in 10 years, ...

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 JPMorgan Chase Commercial ...

Centro Properties Group has sold DSW Plaza, a 251,222-square-foot retail center in Lake Grove, on Long Island, N.Y., for $48 million. The troubled Australian trust sold the fully leased property to Prestige Properties of New York through Cushman & Wakefield's ...

Expected losses from loans in special servicing have prompted Moody's Investors Service to place 12 classes of GMAC Commercial Mortgage Securities Inc., 2004-C2 on review for possible downgrade.A total of five loans with a balance of $65.1 million are with ...

South Florida Business JournalWells Fargo Bank has filed a foreclosure suit against the owner of the 104-unit Fairview Apartments in Pompano Beach, Fla. The $3.8 million loan on the property, at 874 S.W 10th Drive, was securitized via LB-UBS Commercial ...