Carlyle Development Group of New York has paid $12.2 million, or about $23/sf, for the Metrocenter Mall in Phoenix, according to the Phoenix Business Journal. The retail property had been valued at $175 million in 2004. The 525,000-square-foot non-anchor portion ...
Pittsburgh Post-GazetteBlackstone Group has decided against selling the EQT Plaza in downtown Pittsburgh, and instead will look to refinance the property's debt. Holliday Fenoglio Fowler began marketing the 32-story office building for sale in February, just three months before its ...
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 Merrill Lynch Mortgage ...
Blackstone Group is close to recapitalizing EQT Plaza, a 615,942-square-foot office building at 625 Liberty Ave. in downtown Pittsburgh, according to the Wall Street Journal.The newspaper said the investment manager would sell a stake to private-equity firm Pearson Partners Inc., ...
Fitch Ratings has downgraded the $64.9 million class M of Morgan Stanley Capital I Inc., 2005-XLF, to BB+ from BBB-, and left the class on watch for additional possible downgrade because of leasing concerns at a property that backs a ...
Countrywide Commercial Real Estate Finance has provided $106 million of financing to Younan Properties Inc. for its acquisition of the Thanksgiving Tower, a 1.4 million-square-foot office building in Dallas.Younan of Los Angeles, purchased the 50-story building from MSDW Southwest Partners, ...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA11,090.0042.411.62AAAAAAAaa+11LiborA2362.8023.302.58AAAAAAAaa+16LiborB56.4020.302.89AA+AA+Aa1+21LiborC37.9018.302.89AAAAAa2+24LiborD33.6016.502.89AAAAAa3+26LiborE15.2015.702.89AAAANR+28LiborF43.8013.402.89AA-AA-NR+32LiborG43.8011.102.89A+A+NR+37LiborH43.008.802.89AANR+39LiborJ36.906.802.89A-A-NR+46LiborK27.805.402.89BBB+BBB+NR+65LiborL36.803.402.89BBBBBBNR+80LiborM64.900.00NABBB-BBB-NRNALibor*Notional amount, interest onlyCollateral balance: $1,905.85 millionBookrunner(s): Morgan StanleyLead Managers: Morgan StanleyCo-managers: RBS Greenwich Capital, Bear StearnsMaster Servicer: Midland Loan ServicesSpecial Servicer: Midland Loan ServicesTrustee: LaSalle BankOriginators: Morgan Stanley (91.1 percent), Wells Fargo (8.9 percent)Number of Loans/Properties: ...
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