Deal Name: 2006-C29

Virtu Investments LLC has paid $47 million, or $133,523/unit, for The Fairways, a 352-unit apartment property in Chandler, Ariz., about a half hour southwest of Phoenix. The property was sold by the Bascom Group, which had purchased it in 2013 ...

Wilmington News Journal The owner of a 13-year-old office building at 4250 Lancaster Pike in Wilmington, Del., that was leased until late 2013 by the DuPont Co. is locked in a legal battle with its lender after defaulting on an ...

Commercial Real Estate Direct Staff Report SL Green Realty Corp. said its investment in 673 First Ave. achieved an unleveraged internal rate of return of 13.6 percent over its 16-year term. The New York REIT is selling the 422,000-square-foot office ...

Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes LB-UBS Commercial Mortgage ...

Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes Wachovia Bank Commercial ...

CBL & Associates has paid $91.48 million for the Dakota Square Mall, a 623,000-square-foot shopping center in Minot, N.D. The Chattanooga, Tenn., REIT bought the property from Lightstone Group, which had purchased it in 2005 from Blackstone Group for $56 ...

Arizona Daily Star The 188-room Clarion Hotel near the Tucson, Ariz., airport sold for $4.5 million, or about $23,936/room, far less than the $13.4 million the property fetched in 2008. Humberto S. Lopez, an apartment and hotel owner, purchased the ...

Inside Tucson Business The 295-room Doubletree Hotel at Reid Park in Tucson, Ariz., is scheduled for a July 7 foreclosure auction. LNR Partners is special servicer for the property's $31.2 million of securitized debt. Michael Hanson and Randal Dix, through ...

South Florida Business Journal Cedar Development has surrendered to its lender the Shoppes of Wellington Green retail center in Wellington, Fla. The property was transferred to a fund managed by U.S. Bank in a deed-in-lieu of foreclosure. The Boca Raton, ...

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 Reason for Rating Action ...