Deal Name: 2005-C2

Commercial Real Estate Direct Staff Report A modified $100 million CMBS loan against Park 80 West, a 490,000-square-foot office complex in Saddle Brook, N.J., has been transferred to special servicing once again. The loan, which was securitized through LB-UBS Commercial ...

NorthStar Realty Finance Corp., which recently originated a $144 million loan against an office and industrial property portfolio owned by RXR Realty, funded the loan through its NorthStar Real Estate Income II Inc. affiliate. As reported, the loan allowed the ...

Commercial Real Estate Direct Staff Report The $219.4 million of CMBS loans against the Woodbury Office Portfolio, a collection of 28 office and industrial properties in Woodbury, N.Y., were retired this week and the CMBS deal that held them suffered ...

Commercial Real Estate Direct Staff Report The expected pay off of the modified Woodbury Office Portfolio loans, which were securitized through LB-UBS Commercial Mortgage Trust, 2005-C2, could result in interest shortfalls hitting up to the CMBS deal's super-senior bond class. ...

Credit Suisse First Boston Mortgage Securities Corp., 2005-C2, was the first CMBS deal ever to see a principal loss lodged against its A-J bond class, which originally carried the highest possible ratings. It's facing additional potential losses. A $55.4 million ...

Swiss Development Group paid roughly $31.6 million for the $149.6 million of CMBS debt against the Tri-County Mall, a troubled shopping center in suburban Cincinnati. The sale resulted in a loss of $124 million to the CMBS deal that owned ...

  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's New Rating Fitch's Old Rating Notes Credit Suisse First ...

The Quintana Campus, a 414,595-square-foot office property in Irvine, Calif., has been sold for $69.3 million to an investor that's said to be Menlo Equities. The property serves as collateral for what was $105.9 million of CMBS debt. That loan ...

Orange County Business JournalMenlo Equities is said to have reached a deal to acquire four buildings at Quintana, a 415,000-square-foot office property in Irvine, Calif. The buildings are being purchased out of receivership. Maguire Properties, now known as MPG Office ...

Following is a list of recent downgrades by Moody's InvestorsService: 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 Reason for Rating Action Bank ...