Deal Name: 2006-C1

Commercial Real Estate Direct Staff ReportPrime Group Realty Trust is facing debt problems on another suburban Chicago property, the Continental Towers mixed-use facility in Rolling Meadows, Ill.A $115 million loan against the 932,854-square-foot complex was moved to special servicing this ...

Indianapolis StarMacquarie Office Trust is in the market to sell the 1 million-square-foot Chase Tower office complex in Indianapolis. The Australian property trust has tapped Eastdil Secured to handle marketing of the complex, which contains 48- and 12-story buildings and ...

Standard & Poor's had placed 10 classes of Cobalt CMBS Commercial Mortgage Trust, 2006-C1, on credit watch negative, because four loans in special servicing are facing foreclosure.The deal includes six loans, with a balance of $107.5 million, that are with ...

Commercial Real Estate Direct Staff ReportThe Chapter 7 Bankruptcy filing by the Mervyn's department store could have an impact on two CMBS transactions as well as a venture between Developers Diversified Realty Corp. and Macquarie DDR Trust. Mervyn's occupies space ...

Standard & Poor's has downgraded five classes of Merrill Lynch Mortgage Trust, 2006-C1, due to expected losses from three loans with a balance of $30.3 million that are in special servicing.The loans are backed by a mix of office, retail ...

Fitch Ratings has downgraded two classes of LB-UBS, 2006-C1, due to expected losses from loans that are in special servicing.Six loans totaling about $28 million were placed with special servicer, LNR Partners Inc. The loans are backed by five properties ...

Fitch Ratings has downgraded the $48.2 million class M of Merrill Lynch Floating Trust, 2006-1, due to low leasing activity and the upcoming maturity of a $180 million loan tied to The Portals III, a 506,608-square-foot office building in Washington, ...

Fitch Ratings has placed three classes of GMAC Commercial Mortgage Securities Inc., 2006-C1, on its Rating Watch Negative list, due to the declining performance of a $65 million loan on a 547,785-square-foot office property in San Diego. The property, First ...

Standard & Poor's has downgraded four classes of LB-UBS Commercial Mortgage Trust, 2006-C1, because of anticipated losses from five loans in special servicing. Three of the loans, totaling $14.7 million, that are in special servicing are backed by three multifamily ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-1$47.3230.002.67AAAAAA+16swapsA-1A400.9130.007.28AAAAAANAswapsA-2358.7330.004.78AAAAAA+23swapsA-AB138.9230.007.30AAAAAA+28swapsA-3102.2630.009.32AAAAAA+35swapsA-4723.6830.009.77AAAAAA+25.5swapsA-M253.1220.009.90AAAAAA+28.5swapsA-J208.8211.759.95AAAAAA+32swapsB50.629.759.98AAAA+39swapsC28.488.6259.98AA-AA-+43swapsD34.807.259.98AA+47swapsE22.156.3759.98A-A-+53swapsF28.485.259.98BBB+BBB++70swapsG25.314.259.98BBBBBB+80swapsH34.802.8759.98BBB-BBB-+100swapsJ6.332.6259.98BB+BB+NAswapsK9.492.259.98BBBBNAswapsL9.491.8759.98BB-BB-NAswapsM3.161.7510.88B+B+NAswapsN6.331.5012.11BBNAswapsO6.331.2512.18B-B-NAswapsP31.640.0014.88NRNRNAswapsXC2,531.16*NA8.06AAAAAANATreas*Notional amount, interest onlyCollateral balance: $2,531.16 millionBookrunner(s): Wachovia Securities, Citigroup, Deutsche BankLead Managers: Wachovia Securities, Citigroup, Deutsche BankB-piece Buyer: CWCapitalMaster Servicer: Wachovia BankSpecial Servicer: CWCapitalTrustee: Wells FargoOriginators: Artesia Mortgage (11 percent), CWCapital (29.9 percent), Deutsche Bank (7.4 ...