Commercial Real Estate Direct Staff Report The Foothills Mall in Tucson, Ariz., sold for $19.8 million, a far cry from the $75.4 million balance of its CMBS loan, but more than the property's most recent appraised value of $18 million. ...
Commercial Real Estate Direct Staff Report The Foothills Mall in Tucson, Ariz., which backs a $75.3 million CMBS loan that became delinquent a year ago, has been appraised at a value of $18 million. That compares with an appraised value ...
Sonnenblick-Eichner Co. has arranged a $65 million permanent loan against the 341-room Marriott Monterey Hotel in Monterey, Calif. The loan, provided by Natixis Real Estate Capital, was used to take out a $61.5 million mortgage that was securitized through JPMorgan ...
Commercial Real Estate Direct Staff Report The $76.6 million CMBS loan against the Foothills Mall in Tucson, Ariz., has been transferred to special servicing, according to a TreppWire Trading Alert. The loan, securitized through JPMorgan Chase Commercial Mortgage Securities Corp., ...
Crain's Detroit Business Asset Acceptance Capital Corp. has vacated 100,000 square feet of a 200,000-sf office building in Warren, Mich. The building, at 28405 Van Dyke Ave., is part of the collateral that backs a $32.3 million loan that's securitized ...
Brookfield Office Properties has sold 53 State St. in Boston for $610 million, or about $557/sf. The 1.2 million-square-foot building, in the city's financial district, is also known as Exchange Place. It was sold to UBS Realty Investors, according to ...
Standard & Poor's has downgraded the $11.5 million class P of JPMorgan Chase Commercial Mortgage Securities Trust, 2006-LDP8, to CCC+ from B-, because of expected losses from loans in special servicing.Two loans, with a balance of $10.1 million, are in ...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-132.5130.002.68AAAAaa+7swapsA-1A596.9830.009.58AAAAaaNAswapsA-2207.3130.004.96AAAAaa+15swapsA-3A50.0030.006.80AAAAaa+25swapsA-3FL150.0030.006.80AAAAaa+15LiborA-3B184.4330.006.84AAAAaa+31swapsA-SB69.3030.007.06AAAAaa+25swapsA-4856.0830.009.78AAAAaa+24swapsA-M306.6620.009.88AAAAaa+28swapsA-J260.6611.509.93AAAAaa+32swapsB53.679.759.96AAAa2+36swapsC23.009.009.96AA-Aa3+39swapsD42.177.6259.96AA2+46swapsE34.506.509.96A-A3+52swapsF38.335.259.96BBB+Baa1+70swapsG30.674.259.96BBBBaa2+80swapsH38.333.009.96BBB-Baa3+105swapsJ11.502.625 BB+Ba1NAswapsK7.672.375 BBBa2NAswapsL11.502.00 BB-Ba3NAswapsM3.831.875 B+B1NAswapsN11.51.50 BB2NAswapsP11.51.125 B-B3NAswapsNR34.500.00 NRNRNAswapsX-13,066.6*NA AAAAaaNATreasX-23,030.02NA AAAAaaNATreas*Notional amount, interest onlyCollateral balance: $3,066.60 millionBookrunner(s): JPMorgan SecuritiesLead Managers: JPMorgan Securities, Nomura SecuritiesCo-managers: Commerzbank, Ixis Securities, PNC Capital Markets, Banc of America Securities, Deutsche BankB-piece Buyer: JER PartnersMaster Servicer: Wells Fargo, Midland Loan ServicesSpecial Servicer: JE ...
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