Deal Name: 2006-C5

Commercial Real Estate Direct Staff Report The Best Western President Hotel in Manhattan's Times Square area has been appraised at a value of $48.2 million - less than 70 percent of what is owed against the 334-room hotel. The property ...

Wells Fargo Bank Tower, a 225,920-square-foot office property in West Covina, Calif., is being offered for sale. The 13-story tower, at 100 North Barranca St., backs a $36.1 million CMBS loan that is securitized through Credit Suisse Mortgage Securities Corp., ...

Commercial Real Estate Direct Staff Report Investors Real Estate Trust has stopped making payments against a $122.6 million CMBS loan against nine office buildings with 936,320 square feet. The loan's special servicer, C-III Asset Management, has filed to foreclose. The ...

The volume of delinquent CMBS loans declined to $28.7 billion last month from $29.4 billion in April, pulling the delinquency rate to 5.4 percent, according to Trepp LLC. The 17 basis-point decline in the rate was the biggest one-month drop ...

Commercial Real Estate Direct Staff Report The venture of Atlanta Property Group and Angelo, Gordon & Co. that bought Atlanta's Securities Centre complex paid $90 million, or roughly $172/sf. The venture acquired the two-building complex, with 521,957 square feet at ...

A venture of Atlanta Property Group and Angelo, Gordon & Co. has struck a deal to buy One and Two Securities Centre, a two-building office complex with 521,957 square feet in Atlanta's Buckhead market. The complex backs a $65.4 million ...

The Minot, N.D., REIT has put its 50 office and 24 retail properties on the sales block through CBRE as part of a plan to reposition itself as an owner and developer of apartment and healthcare properties. The company's depreciated ...

The nine office buildings that serve as collateral for a $122.6 million CMBS loan that was sent to special servicing last July have been appraised at a value of $87.35 million, according to a report on TreppWire. The buildings, with ...

Cornerstone Real Estate Advisers has agreed to pay $195 million, or about $425/sf, for the 458,149-square-foot 801 Tower office building in Los Angeles. The pending transaction will result in the defeasance of a $120 million mortgage against the property that's ...

Commercial Real Estate Direct Staff Report A $122.6 million loan against a portfolio of 936,320 square feet of office space in the Midwest formally has been transferred to special servicing because it's expected to default. The loan, which has a ...