Deal Name: 2005-C2

Ramsfield Hospitality Finance is said to have purchased the defaulted $80.2 million CMBS loan against the leasehold interest in 390 Park Ave., a 234,240-square-foot office building in midtown Manhattan, according to a report in the New York Post. The New York ...

New York Post The $80.2 million CMBS loan against the Lever House office property at 390 Park Ave. in midtown Manhattan has been sold for an unknown sum. The buyer was 390 Park Debt Acquisition Corp., believed to be a ...

Crain's New York Business RFR Realty is having trouble lining up fresh debt against Manhattan's 390 Park Ave., and could lose control of the office property by the third quarter. The property backs $84.8 million of debt that's securitized through ...

Commercial Real Estate Direct Staff Report The 231,770-square-foot Chatsworth Business Park in Chatsworth, Calif., is being offered for sale. The two-building office/flex industrial property, at 21605-21615 & 21415 Plummer St., backs a $21.3 million CMBS loan that's securitized through GE ...

Commercial Real Estate Direct Staff Report The foreclosure case against the owner of 390 Park Ave., a 234,240-square-foot office building in midtown Manhattan, is advancing. Wells Fargo Bank, trustee for Credit Suisse First Boston Mortgage Securities Corp., 2005-C2, which holds ...

Commercial Real Estate Direct Staff Report A total of 566 CMBS loans with a balance of $14.6 billion that were securitized since 2010 are backed by properties that are subject to ground leases, according to Morgan Stanley. Another 58 loans, ...

Commercial Real Estate Direct Staff Report The air rights tied to the office building at 390 Park Ave. in midtown Manhattan shouldn't be counted on to bolster the value of the 234,240-square-foot property, which is referred to as the Lever ...

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 Morgan Stanley Capital ...

Puget Sound Business Journal Hines has bought the Civica Office Commons for $205.1 million, or $634/sf. The 323,600-square foot property, at 225 108th Ave. NE in Bellevue, Wash., is 90 percent occupied. Hines bought it from Brickman Associates, which had ...

Commercial Real Estate Direct Staff Report Citigroup has provided $125.3 million of financing against 401 Fifth Ave., a 218,162-square-foot office property in midtown Manhattan. It replaces a $56 million loan that was securitized through GE Commercial Mortgage Corp., 2005-C2 and ...