Deal Name: 2004-C3

Elbit Plaza, an investment venture launched late last year with an eye for retail properties that are cash-strapped, has agreed to participate in recapitalizing Macquarie DDR Trust. The venture between Developers Diversified Realty Corp., a Cleveland REIT, and Australia's Macquarie ...

South Florida Business JournalAn auction has been scheduled for April 26 for a $49.4 million mezzanine loan that is backed by ownership interests in the 468,814-square-foot Las Olas Centre office building in Fort Lauderdale, Fla. Jones Lang LaSalle is handling ...

HTML clipboardFollowing is a list of recent downgrades by Standard &Poor's: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln S&P New Rating S&P Old Rating Notes COMM, 2005-LP5 1,153.0 ...

Moody's Investors Service has placed 13 classes of Credit Suisse First Boston Mortgage Securities Corp., 2004-C3, on review for possible downgrade.The rating agency is taking action because of expected losses from 20 loans with a balance of $169 million in ...

Crain's Chicago OfficeA $34.3 million loan on the 303,000-square-foot International Tower near Chicago's O'Hare International Airport is in default. A venture led by GlenStar Properties owns the building at 8550 W. Bryn Mawr Ave., whose vacancy issues have resulted in ...

South Florida Business JournalWachovia Bank has filed a foreclosure suit against the owner of Las Olas Centre, a 469,199-square-foot office property in Fort Lauderdale, Fla. BentleyForbes bought the property, at 350 and 450 Las Olas Blvd., in 2007 for $235 ...

Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch New Rating Fitch Old Rating Reason for Rating Action Credit ...

The recent transfer to special servicing of a $34.3 million loan has prompted Fitch Ratings to place eight classes of GMAC Commercial Mortgage Securities Inc., 2004-C3, on rating watch negative.The loan, which was transferred last week to CWCapital Asset Management ...

Fitch Ratings has downgraded seven classes of Credit Suisse First Boston Mortgage Securities Corp., 2004-C3, because of expected losses from loans in special servicing.Seven loans totaling $85.6 million are in special servicing. The rating agency anticipates losses from three loans ...

The Tennessean Two Nashville, Tenn.,-area apartment complexes were sold in separate deals. Green Leaf Hermitage LLC of San Ramon, Calif., paid $12.5 million for the 261-unit White Oaks Apartments, at 5610 Old Hickory Blvd. in Nashville. CWCapital Asset Management sold ...