Deal Name: 2006-CIBC17

Commercial Real Estate Direct Staff Report The sale of the Independence Mall in Wilmington, N.C., resulted in the property's $110 million CMBS loan suffering a loss of $73.9 million, for a loss severity of 67.2 percent. The loss, which was ...

New York Observer AION Partners has bought out Clarion Partners to acquire full ownership of 11 East 44th St., a 135,150-square-foot office property in midtown Manhattan. The New York firm has lined up a $65 million senior loan from Deutsche ...

CWCapital Asset Management is once again offering for sale the $110 million mortgage that encumbers the Westfield Shoppingtown Independence Mall in Wilmington, N.C. It marks the second time in less than a year that the Bethesda, Md., special servicer has ...

Commercial Real Estate Direct Staff Report The DoubleTree at Newark International Airport, a 504-unit hotel in Newark, N.J., that previously was branded a Sheraton, was appraised in March at a value of $38.7 million. That compares with an appraised value ...

Crain's Chicago Business A venture led by Griffin Capital Corp. has agreed to sell the 163,623-square-foot Washington Pointe office building in Naperville, Ill., for $14 million, or about $86/sf, to Davis Cos. The building, which is half empty, backs $23.2 ...

Commercial Real Estate Direct Staff Report The $110 million CMBS loan against 493,432 square feet of the Westfield Shoppingtown Independence, a 1 million-sf shopping mall in Wilmington, N.C., has been transferred to special servicer CWCapital Asset Management because it has ...

Commercial Real Estate Direct Staff Report The $54 million CMBS loan against the 504-room DoubleTree at Newark International Airport has been transferred to special servicer CWCapital Asset Management. The transfer comes as no surprise given that the loan missed its January ...

Crain's Chicago BusinessA $23.2 million foreclosure suit has been filed against the owner of a 163,623-square-foot office building in the Chicago suburb of Naperville, Ill. Washington Pointe, at 535 E. Diehl Road, is owned by Griffin Capital Group of El ...

HTML clipboardMoody's Investors Servicehas downgraded 69 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)RatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-170.4730.003.38AAAAaa+11swapsA-1A288.1130.009.58AAAAaaNAswapsA-3105.7730.006.18AAAAaa+28swapsA-SB98.0830.007.27AAAAaa+25swapsA-41,222.4030.009.83AAAAaa+25.5swapsA-M253.6920.009.96AAAAaa+29swapsA-J202.9512.009.96AAAAaa+31.5swapsB44.4010.259.96AAAa2+37swapsC19.039.509.96AA-Aa3+41swapsD34.888.139.96AA2+45swapsE31.716.8759.96A-A3+53swapsF34.885.509.96BBB+Baa1+70swapsG31.714.259.96BBBBaa2+80swapsH31.713.009.96BBB-Baa3+95swapsJ9.512.6259.96BB+Ba1NAswapsK9.512.25NABBBa2NAswapsL9.511.875NABB-Ba3NAswapsM3.171.75NAB+B1NAswapsN6.341.50NABB2NAswapsP6.341.25NAB-B3NAswapsNR31.710.00NANRNRNAswapsX2,536.90*NA9.20AAAAaa+130Treas*Notional amount, interest onlyCollateral balance: $2,536.90 millionBookrunner(s): JPMorgan SecuritiesLead Managers: JPMorgan Securities, CIBC World MarketsCo-managers: Banc of America Securities, Morgan StanleyB-piece Buyer: American Capital StrategiesMaster Servicer: Wells FargoSpecial Servicer: LNR PartnersTrustee: LaSalle BankOriginators: JPMorgan Chase (57.7 percent), ...