David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
Deal Name: 2005-LNP5
JPMorgan Paying $164Mln for Fla. Office
An investment fund managed by JPMorgan Asset Management is buying Las Olas City Centre, a 408,063-square-foot office building in Fort Lauderdale, Fla., for roughly $164 million, or nearly $402/sf. The fund is buying the building from a venture of Shorenstein ...
Shorenstein Seen Offering Fort Lauderdale Office Trophy
Shorenstein Properties is offering for sale Las Olas City Centre, a 408,063-square-foot office building in Fort Lauderdale, Fla. The San Francisco investment manager owns the 23-story building, which is also known as the Bank of America Plaza at Las Olas ...
S&P CMBS UPGRADES
Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln S&PNewRating S&POldRating Reason for Rating Action Bear Stearns Commercial Mortgage Securities Trust, 2004-PWR3 958.2 1,108.0 B 26.3 AA+ AA- Increased subordination; defeasance (6 percent of pool) - - - C 12.5 ...
Triple Net Puts Suburban Los Angeles Offices on Sales Block
Triple Net Properties is offering for sale 20770 Madrona Ave., a 211,000-square-foot office complex in Torrance, Calif. The four-building property is 87 percent leased to American Honda, Kaiser Permanente, and Navcom Technology. CB Richard Ellis' Los Angeles office has the ...
FINAL PRICING: $1.7Bln COMM, 2005-LNP5
April 19, 2005 Class Amt $mln Sub Level% Avg Life (yrs) Rating S&P Rating Moody's Final Pricing (bp) Bnch mark A-1 60.28 20.00 2.53 AAA Aaa +11 swaps A-2 592.38 20.00 4.77 AAA Aaa +23 swaps A-3 71.32 20.00 6.89 ...
S&P CMBS UPGRADES
Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionBear Stearns Commercial Mortgage Securities Trust, 2004-PWR3958.21,108.0B26.3AA+AA-Increased subordination; defeasance (6 percent of pool)---C12.5AAAA--COMM, 2005-LP51,720.01,790.0GMB-127.5AAABBBDefeasance of GM Building loan---GMB-228.0AAABBB-----GMB-316.2AAABBB--
S&P CMBS UPGRADES
Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionBear Stearns Commercial Mortgage Securities Trust, 2004-PWR3958.21,108.0B26.3AA+AA-Increased subordination; defeasance (6 percent of pool)---C12.5AAAA--COMM, 2005-LP51,720.01,790.0GMB-127.5AAABBBDefeasance of GM Building loan---GMB-228.0AAABBB-----GMB-316.2AAABBB--
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
