Deal Name: 2005-C18

New York Observer Ryms Realty has struck a deal to pay $40 million, or roughly $1,691/sf, for 1369 Broadway, a 23,650-square-foot office building with ground-floor retail space in the Garment District of Manhattan. The New York company, led by Moshe ...

New York Life Insurance Co. and Northwestern Mutual Life Insurance Co. have provided $500 million of financing against One and Two International Place, a 1.9 million-square-foot office property in Boston. The fixed-rate loan, which the two insurers equally funded, was ...

Commercial Real Estate Direct Staff Report A $38.2 million CMBS loan that backed a 100,000-square-foot office and retail building at 590 Fifth Ave. in Manhattan has been defeased, or replaced by government securities. The debt, which was securitized through Wachovia ...

Brookfield Office Properties has acquired a majority economic interest in Manhattan's 450 West 33rd St., in a recapitalization that bought out D.E. Shaw Group's stake in the 1.6 million-square-foot office property. Broadway Partners, which acquired a 98 percent stake in ...

Commercial Real Estate Direct Staff ReportLayton-Belling Associates, which earlier this acquired the Park Place II mixed-use complex in Irvine, Calif., has assumed the securitized debt on the 273,118-square-foot property.The Newport Beach, Calif., investment manager has paid down the $97.2 million ...

Layton-Belling Associates has agreed to buy Park Place II, a 273,118-square-foot mixed-use complex in Irvine, Calif. The property is owned by MPG Office Trust Inc. and its sale allows the former Maguire Properties to eliminate a pesky nonperforming mortgage from ...

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 GMAC Commercial Mortgage ...

An investor group comprised of Chetrit Group and Arbor Realty Trust Inc. has agreed to sell a 98 percent stake in 450 West 33rd Street in midtown Manhattan to Broadway Partners for $664 million.Besides keeping a 2 percent stake in ...

An investor group comprised of Chetrit Group and Arbor Realty Trust Inc. has agreed to sell a 98 percent stake in 450 West 33rd St. in midtown Manhattan to Broadway Partners for $664 million. Besides keeping a 2 percent stake ...

May 19, 2005 Commercial Real Estate Direct Staff ReportCMBS spreads remained lackluster this week, as Credit Suisse First Boston priced a $1.6 billion conduit.The market has remained soft for roughly the last month, since the corporate bond market got hammered ...