Cypress Equities has purchased the Flagstaff Mall, a 388,607-square-foot enclosed shopping center in Flagstaff, Ariz., that had been encumbered by a $37 million CMBS loan. The Dallas investment manager bought the mall from Banc of America Commercial Mortgage Corp., 2005-6, ...
Commercial Real Estate Direct Staff Report Goldman Sachs has provided $120 million of mortgage financing against the Paramus Park Mall in Paramus, N.J. As reported, the mortgage pays a coupon that's just more than 4 percent. It was used to ...
General Growth Properties Inc. has agreed to sell a 25 percent stake in the Ala Moana Center in Honolulu to AustralianSuper for $1.4 billion, valuing the property, which includes retail and office space, at a whopping $5.5 billion, or ...
Triangle Business JournalHighwood Properties has paid $52.6 million for a 336,000-square-foot office building in Memphis, Tenn. The Raleigh REIT's purchase of the nine-story Crescent Center, at 6075 Poplar Ave., includes assuming $42.6 million of debt that was securitized through Banc ...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-1119.0030.003.04AAAAaa+10swapsA-2206.5030.004.89AAAAaa+22swapsA-350.0030.006.80AAAAaa+34swapsA-SB189.0030.007.46AAAAaa+33swapsA-41,355.0030.009.70AAAAaa+30swapsA-M274.2120.009.89AAAAaa+34swapsA-J215.9412.139.95AAAAaa+42swapsB27.4211.139.95AA+Aa1+46swapsC30.8510.009.95AAAa2+49swapsD20.579.259.95AA-Aa3+51swapsE20.578.509.95A+A1+55swapsF34.287.259.95AA2+59swapsG23.996.38NAA-A3NAswapsH27.425.38NABBB+Baa1NAswapsJ30.854.25NABBBBaa2+120swapsK27.423.25NABBB-Baa3+175swapsL13.712.75NABB+Ba1NAswapsM17.142.13NABBBa2NAswapsN3.432.00NABB-Ba3NAswapsO6.861.75NAB+B1NAswapsP3.431.63NABB2NAswapsQ10.291.25NAB-B3NAswapsS34.280.00NANANANAswapsX2,742.15NANAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $2,742.15 millionBookrunner(s): Banc of America Securities, Bear StearnsLead Managers: Banc of America Securities, Bear Stearns, Barclays CapitalCo-managers: Deutsche Bank, Morgan Stanley B-piece Buyer: LNR PartnersMaster Servicer: Bank of AmericaSpecial Servicer: LNR PartnersTrustee: ...
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