Deal Name: 2005-C21

Commercial Real Estate Direct Staff Report Park Place II, a 242,676-square-foot retail center in Sacramento, Calif., has been put up for sale. The property, at 4690-4780 Natomas Blvd., had backed a $44.7 million loan that was securitized through Wachovia Bank ...

Commercial Real Estate Direct Staff Report Metropolitan Square, a 987,300-square-foot office building in downtown St. Louis, has been appraised at a value of only $52.1 million. That compares with the $124.5 million balance on the CMBS loan against it. According ...

Commercial Real Estate Direct Staff Report The $124.5 million CMBS loan against the Metropolitan Square office building in downtown St. Louis has been transferred to special servicing, five years after it was modified. The loan was securitized through Wachovia Bank ...

Commercial Real Estate Direct Staff Report Goodstone LLC has paid $9.5 million, or about $44/sf, for 6116 Executive Blvd., a 217,732-square-foot office property in North Bethesda, Md., that had been encumbered by $48.6 million of CMBS debt. The property had ...

Commercial Real Estate Direct Staff Report JPMorgan Chase Bank and Landesbank Hessen-Thuringen Girozentrale have provided $110 million of mortgage financing against 180 Madison Ave., a 280,953-square-foot office property in the midtown south area of Manhattan. The financing, arranged by HFF, ...

Pebblebrook Hotel Trust has paid $49 million, or about $306,250/room, for the 160-room Prescott Hotel in San Francisco's Union Square area. The Bethesda, Md., REIT bought the two-building property from Post Street Renaissance Partners, which is affiliated with Dern Greinetz ...

New York Post Savanna Partners is offering for sale 1375 Broadway, a 510,000-square-foot office building in Manhattan. The property is be marketed by Studley Inc. and is expected to sell in the $500/sf range. Savanna bought it in 2010 $135 ...

Commercial Real Estate Direct Staff Report The $124.5 million CMBS loan against Metropolitan Square, a 987,300-square-foot office building in downtown St. Louis, has been modified. The loan, which is senior to a $25.5 million B-note, suffered when it started amortizing ...

A $124.5 million CMBS loan against Metropolitan Square, a 987,300-square-foot office building in downtown St. Louis, has been moved to special servicing because it's expected to default. The loan, securitized through Wachovia Bank Commercial Mortgage Securities Trust, 2005-C21, started amortizing ...

Commercial Real Estate Direct Staff Report Occupancy issues have prompted the transfer of a $44.7 million loan against a Sacramento, Calif., retail center to LNR Partners, special servicer of the CMBS trust that holds the debt. The property, Park Place ...