Deal Name: 2006-PWR13

CB Richard Ellis Realty Trust has agreed to pay $21.5 million, or nearly $179/sf, for the Sabal Pavilion, a 120,500-square-foot office building in the Sabal Park complex in Tampa, Fla. The Princeton, N.J., REIT, whose shares do not trade on ...

Commercial Real Estate Direct Staff Report Karlin Real Estate has purchased the Capital Center, a 531,000-square-foot office complex in the Sacramento, Calif., suburb of Rancho Cordova, Calif. The Los Angeles investment manager bought the six-building complex for roughly $50 million ...

Commercial Real Estate Direct Staff Report Government Properties Income Trust has paid $43.7 million for a 266,000-square-foot office-flex building in Landover, Md., that is fully leased to the federal government.The Newton, Mass., REIT, which specializes in government-leased properties, also assumed ...

South Florida Business JournalBank of America has filed a foreclosure suit against the owner of the 70,046-square-foot Inverness Shopping Plaza in Lauderhill, Fla. Bank of America, trustee for the CMBS deal that owns the property's loan, has sued the owners ...

Standard & Poor's has downgraded seven classes of Bear Stearns Commercial Mortgage Securities Trust, 2006-PWR13, because of credit concerns it has with 10 of 25 loans in the pool that have reported debt-service coverage levels below 1.0x.The 25 loans with ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-1140.0030.003.39AAAAAA+6swapsA-1A374.2830.008.90AAAAAANAswapsA-260.9030.004.90AAAAAA+14swapsA-3138.0030.006.79AAAAAA+23swapsA-AB136.1030.007.04AAAAAA+24swapsA-41,185.4230.009.67AAAAAA+23swapsA-M290.6720.009.87AAAAAA+27swapsA-J232.5412.009.87AAAAAA+30swapsB65.409.759.87AAAA+35swapsC29.078.759.87AA-AA-+37swapsD39.977.3759.92AA+44swapsE29.076.3759.96A-A-NAswapsF32.705.259.96BBB+BBB++65swapsG32.704.1259.96BBBBBBNAswapsH29.073.1259.96BBB-BBB-NAswapsJ18.172.5010.17BB+BB+-swapsK3.632.37510.96BBBB-swapsL10.902.0012.55BB-BB--swapsM7.271.7513.71B+B+-swapsN7.271.5013.78BB-swapsO7.271.2513.79B-B--swapsP36.33NA15.20NRNR-swapsX-12,906.72*NANAAAAAAA+130TreasX-22,832.32*NANAAAAAAA+70Treas*Notional amount, interest onlyCollateral balance: $2,906.72 millionBookrunner(s): Bear Stearns, Morgan StanleyLead Managers: Bear Stearns, Morgan StanleyB-piece Buyer: Hyperion Brookfield Asset Management Inc.Master Servicer: Wells FargoSpecial Servicer: LNR PartnersTrustee: LaSalle BankOriginators: Bear Stearns (38.2 percent), Wells Fargo (26.2 ...