Deal Name: 2006-FL4

Bloomberg via Pacific Business News USBank has filed a lawsuit to stop the sale of a $34.9 million mezzanine loan against the Aston Waikiki Beach Hotel, with 716 rooms in Honolulu. The mezzanine loan is held by Petra CRE CDO, ...

Commercial Real Estate Direct Staff Report A venture of BlackRock Realty and L&L Holding Co. has obtained $130 million of financing for 245,000 square feet of office space in Metropolitan Tower, a mixed-use building at 142 West 57th St. in ...

Commercial Real Estate Direct Staff Report Jones Lang LaSalle is offering five loans with a balance of $190.1 million on behalf of a collateralized debt obligation. The firm's capital-markets group plans to take an initial round of offers for the ...

Commercial Real Estate Direct Staff ReportThe Galleria Sheraton-Metairie in Metairie, La., has been sold for $9.8 million, 10 months after the 182-room hotel was taken through foreclosure.The property, at 4 Galleria Blvd., had backed a total of $17 million of ...

Northwestern Mutual Life Insurance Co. has provided $95 million of mortgage financing for CityWestPlace III and IV, two of the four buildings that comprise the 1.5 million-square-foot CityWestPlace complex in Houston.The mortgage pays a coupon of 5.03 percent and matures ...

Interest shortfalls from a $40.9 million loan in special servicing prompted Standard & Poor's to place five classes of Greenwich Capital Commercial Funding Corp., 2006-FL4, on credit watch negative.The loan is secured by a 31-unit condominium conversion project in Greenwich, ...

Commercial Real Estate Direct Staff ReportMorgans Hotel Group might have won additional time to pull its Mondrian Scottsdale out of the abyss.The 194-room upscale property outside of Phoenix secures $40 million of debt, $26 million of which was securitized through ...

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 ...

Fitch Ratings has placed 15 classes of Greenwich Capital Commercial Funding Corp., 2006-FL4, on rating watch negative due to three loans, with a balance of $102.1 million, that are in special servicing.Two loans were transferred to the special servicer, Wachovia ...

Fitch Ratings has downgraded the $17.8 million class L of Greenwich Capital Commercial Funding Corp., 2006-FL4, to BB- from BB+, due to the poor performance of a $17 million collateral loan that backs the Galleria Sheraton Metairie in Metairie, La. ...