Deal Name: 2006-C23

Commercial Real Estate Direct Staff ReportA $205 million CMBS loan on a Manhattan office building will soon come under tremendous pressure as its largest tenant won't be renewing its lease for the 244,278 square feet it occupies. The loan was ...

The Real DealSL Green Realty Corp. has sued the owners of a Manhattan office-retail building, alleging they improperly transferred ownership of part of the 669,513-square-foot property. The Manhattan office REIT has alleged that the owners, who include Yair Levy and ...

Commercial Real Estate Direct Staff ReportA $127.2 million loan on the Belmar mixed-use property in suburban Denver is the latest large securitized loan to have been transferred to special servicing.The loan, which was transferred within the past week, is the ...

Pritzker Realty is said to have removed Chicago's Hyatt Center from the sales block. The 1.5 million-square-foot office building was offered for sale late last year through Eastdil Secured. The buzz is that offers were lower than Pritzker expected.

The buzz is that investor interest in Hyatt Center, a 1.5 million-square-foot office building in downtown Chicago, has been tepid. The building, which was placed on the sales block late last year by its owner, the Pritzker Realty Group, received ...

Commercial Real Estate Direct Staff ReportAmerican Capital Strategies Ltd. said it paid $66 million for the B-piece of Wachovia Bank Commercial Mortgage Trust, 2006-C23. The B-piece comprised bonds with a face value of $130 million that were rated BB+ and ...

Commercial Real Estate Direct Staff ReportSix large conduit transactions are in the market, ending a month-long drought of CMBS conduit issuance. Wachovia Bank Commercial Mortgage Trust, 2006-C23, the first of those deals, priced on Friday. The remainder are set to ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-1105.8630.002.69AAAAaa+7swapsA-1A622.2530.009.31AAAAaaNANAA-2137.3130.004.82AAAAaa+21swapsA-362.7130.006.82AAAAaa+34swapsA-PB252.0730.007.55AAAAaa+30swapsA-41,280.7130.009.73AAAAaa+30swapsA-5500.0030.009.86AAAAaaNANAA-M422.9920.009.86AAAAaa+35swapsA-J274.9413.509.88AAAAaa+40swapsB37.0112.639.94AA+Aa1+44swapsC52.8711.389.94AAAa2+46swapsD37.0110.509.94AA-Aa3+49swapsE31.729.759.94A+A1+56swapsF42.308.759.94AA2+60swapsG52.877.50NAA-A3NAswapsH52.876.25NABBB+Baa1NAswapsJ58.164.88NABBBBaa2+125swapsK52.873.63NABBB-Baa3+175swapsL10.573.38NABB+Ba1NAswapsM21.152.88NABBBa2NAswapsN15.862.50NABB-Ba3NAswapsO10.572.25NAB+B1NAswapsP15.861.88NABB2NAswapsQ15.861.50NAB-B3NAswapsS63.450.00NANANANAswapsX-P4,069.64NANAAAAAaaNATreas.X-C4,229.85NANAAAAAaaNATreas.*Notional amount, interest onlyCollateral balance: $4,229.85 million Bookrunner(s): Wachovia Capital Markets, Nomura SecuritiesLead Managers: Wachovia Capital Markets, Nomura SecuritiesCo-managers: Banc of America Securities, Deutsche Bank, Goldman Sachs and J.P. Morgan SecuritiesB-piece Buyer: American Capital StrategiesMaster Servicer: Wachovia ...