Deal Name: 2006-PWR14

Following 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's New Rating Fitch's Old Rating Notes Bear Stearns Commercial Mortgage ...

A $96.7 million loan backed by a 418,026-square-foot office building in downtown Newark, N.J, that matured without payoff last December has been extended to Dec. 1 of this year, according to Trepp LLC. The loan against the property, known as ...

A $65 million CMBS loan against the Philips at Sunrise shopping center in Massapequa, N.Y., has been moved to special servicing, less than a year after it was moved back to master servicing. The loan was the subject of a ...

Commercial Real Estate Direct Staff Report An investor group's lawsuit alleging that a $65 million securitized loan it got for a Long Island, N.Y., shopping center was based on an inflated appraisal has been thrown out by the judge hearing ...

Commercial Real Estate Direct Staff ReportThe owner of a shopping center on New York's Long Island has sued his lender and loan servicers, alleging that the property's $65 million loan was based on an inflated valuation.The loan is the seventh ...

Standard and Poor's has downgraded four classes of Bear Stearns Commercial Mortgage Securities Trust, 2006-PWR14, because five loans, with a balance of $31.4 million, have debt-service coverage levels of less than 1.0x.The loans are backed by a mix of office, ...

Apple REIT Nine Inc. has agreed to pay $18.6 million for a 175-room Courtyard by Marriott in Bristol, Va. The Richmond, Va., hotel investor is purchasing the property from Linden Hotel Properties LLC, which is also based in Bristol. Apple ...

Commercial Real Estate Direct Staff ReportPrudential Financial funded a $30 million B-note portion of a $130 million mortgage that its Prudential Mortgage Capital unit provided for the South Bay Galleria, an 872,847-square-foot shopping center in Redondo Beach, Calif., near Los ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-1114.7030.003.39AAAAAA+15swapsA-1A297.4030.00NAAAAAAANAswapsA-2170.7030.004.95AAAAAA+19swapsA-368.9030.006.82AAAAAA+28swapsA-AB125.0530.007.19AAAAAA+24swapsA-4950.9430.009.78AAAAAA+24swapsA-M246.8220.009.89AAAAAA+28swapsA-J222.1311.009.97AAAAAA+31swapsB46.289.1259.98AAAA+37swapsC24.688.1259.98AA-AA-+41swapsD37.026.6259.98AA+45swapsE21.605.759.98A-A-+50swapsF24.684.759.98BBB+BBB++67swapsG24.683.759.98BBBBBB+75swapsH24.682.759.98BBB-BBB-+95swapsJ9.262.3759.98BB+BB+ swapsK6.172.1259.98BBBB swapsL9.261.7510.01BB-BB- swapsM3.091.62510.06B+B+ swapsN6.171.37511.52BB swapsO6.171.12513.56B-B- swapsP27.770.0014.19NRNR swapsX-11,234.10*NA8.96AAAAAA+175TreasX-21,207.30*NA5.58AAAAAA+75Treas*Notional amount, interest onlyCollateral balance: $2,468.14 millionBookrunner(s): Bear Stearns, Morgan StanleyLead Managers: Bear Stearns, Morgan StanleyB-piece Buyer: ARCapMaster Servicer: Wells Fargo (76.9 percent of pool), Prudential Asset Resources (23.1 percent)Special Servicer: ARCap Servicing Inc.Trustee: LaSalle BankOriginators: Wells ...