Deal Name: 2006-C1

Pacific Office Properties Trust Inc. has sold a stake in two of its properties to Angelo, Gordon & Co. The San Diego REIT, which earlier this year had hired Eastdil Secured to help it recapitalize six of its Hawaii properties, ...

Pacific Office Properties Trust Inc. has struck a deal to pay $305.9 million for a portfolio of 12 office properties in California with 1.9 million square feet that are owned by Guggenheim Real Estate. The San Diego REIT hopes to ...

By John Covaleski, Commercial Real Estate Direct Staff WriterDebt-servicing problems are intensifying for Empire American Holdings, a Montvale, N.J., multifamily property investor, whose president last year registered to launch a non-traded REIT.In total, $1.1 billion of securitized debt on the ...

Ross Development and Investment has negotiated an extension of a $93 million mortgage encumbering Seven Springs Village, a 982-unit apartment complex in College Park, Md.The loan, securitized through GMAC Commercial Mortgage Securities Corp., 2006-1, matured on Sept. 1. It carried ...

Commercial Real Estate Direct Staff ReportPacific Office Properties Trust has defaulted on $54.8 million of debt that has come due on the City Square office complex in downtown Phoenix and is in talks to extend the debt's maturity.The Los Angeles ...

Following 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 LB-UBS Commercial Mortgage ...

Crain's Chicago BusinessPrime Group Realty Trust has turned over to its lender the Continental Towers office complex with 932,854 square feet in suburban Chicago. The Chicago REIT, which was acquired by Lightstone Group five years ago, defaulted on the $115 ...

Phoenix Business JournalThe 414-unit Phoenix apartment complex Empirian on Central is in default of its debt. The property, at 4140 N. Central Ave., secures a $39.5 million loan obtained in November 2005. The loan is owned by GMAC Commercial Mortgage ...

Prime Group Realty Trust is negotiating to give its lender, a CMBS trust, its Continental Towers office complex in Rolling Meadows, Ill.The Chicago REIT is owned by Lightstone Group, which bought it in 2005. Continental Towers is a three-building complex ...

Prime Group Realty Trust said it has defaulted on $115 million of debt on its Continental Towers office complex in Rolling Meadows, Ill.The three-building property at 1701 Golf Road contains 932,854 square feet and has not generated enough cash flow ...