Deal Name: 2006-CD2

The $550 million of senior debt on San Francisco's Villas Parkmerced apartment complex has been modified, extending its maturity by five years to 2016. A portion of the debt is securitized through CD, 2006-CD2, and has been in special servicing ...

Crain's Chicago Business A joint venture led by Pittsburgh hotel investor Milton Fine has thrown into Chapter 11 bankruptcy a portfolio of 22 low-cost hotels with about 2,200 rooms. The properties are in Minnesota, Illinois, Wisconsin, Iowa, Michigan and Texas ...

Commercial Real Estate Direct Staff ReportFortress Investment Group has taken over the ownership entity of San Francisco's Villas Parkmerced apartment complex, after acquiring the mezzanine debt against the 3,221-unit property.The action resolves a default that had plagued the securitized debt ...

Dallas Morning NewsMacerich Co. has turned the Valley View Center retail property in Dallas to its lender. The 37-year-old property has more than 1.6 million square feet is less than 75 percent leased. The property backs $125 million of debt ...

Kansas City Business JournalA joint venture that includes RED Development has bought the 400,000-square-foot Woodbury Lakes lifestyle center in Woodbury, Minn. A purchase price was not disclosed. Opus Northwest developed the property in 2005 for $70 million. It had been ...

Minneapolis-St. Paul Business JournalWoodbury Lakes, a 300,000-square-foot lifestyle center in suburban Minneapolis that was returned to its lender last September, is being placed on the sales block. Welsh Cos. is marketing the property at Interstate 94 and Hudson Road in ...

HTML clipboardFollowing is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch New Rating Fitch Old Rating Reason for Rating Action ...

Moody's Investors Service has downgraded 63 classes from fiveCMBS deals as part of its review of conduit deals issued between2006-2008, as well as every large-loan deal. As part of its review, the rating agency has adjusted propertycapitalization rates and cash ...

HTML clipboardMoody's Investors Servicehas downgraded 70 classes from fiveCMBS deals as part of its review of conduit deals issued between2006-2008, as well as every large-loan deal. The downgrades arethe latest of a large list of rating actions that are expected ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-172.0030.002.99AAAAaaNAswapsA-2239.0030.004.82AAAAaa+19swapA-353.0030.006.77AAAAaa+32swapA-AB111.0030.007.23AAAAaa+28swapA-4839.9130.009.63AAAAaa+28swapA-1A308.0030.004.59AAAAaaNAswapA-1B518.6030.009.41AAAAaaNAswapA-M305.9420.009.84AAAAaa+32swapA-J217.9812.889.89AAAAaa+37swapB22.9512.139.92AA+Aa1+42swapC34.4211.009.92AAAa2+43swapD38.249.759.92AA-Aa3+45swapE49.718.139.92AA2+53swapF42.076.759.92A-A3+62swapG38.245.509.92BBB+Baa1+90swapH34.424.389.93BBBBaa2+100swapJ34.423.2510.00BBB-Baa3+160swapK15.302.75NABB+NANAswapL11.472.38NABBNANAswapM11.472.00NABB-NANAswapN7.651.75NAB+NANAswapO7.651.50NABNANAswapP7.651.25NAB-NANAswapQ38.240.00NANANANAswapX3,059.35NANAAAANANAswapVPM-110.30NANABBBNANAswapVPM-218.20NANABBB-NANAswapVPM-32.70NANANANANAswapVPM-418.80NANANANANAswap*Notional amount, interest onlyCollateral balance: $3,060.00 millionBookrunner(s): Deutsche Bank Securities, Citigroup Global Markets Lead Managers: Deutsche Bank Securities, Citigroup Global Markets Co-managers: PNC Capital Markets, J.P. Morgan Securities, Nomura Securities International, and Wachovia Capital MarketsB-piece Buyer: LNR ...