Deal Name: 2007-GG9

Commercial Real Estate Direct Staff Report The $190 million loan against Pickwick Plaza, a 240,149-square-foot office property in Greenwich, Conn., has been paid off. The loan, which was securitized through Greenwich Capital Commercial Funding Corp., 2007-GG9, was modified last month ...

Commercial Real Estate Direct Staff Report Pickwick Plaza, a four-building office complex with 240,149 square feet in Greenwich, Conn., has been appraised at a value of $171.8 million. That compares with a value of $267 million in December 2006. Kensico ...

The 1 million-square-foot portfolio of office buildings that were owned by Corporate Office Properties Trust that backs a $146.4 million CMBS loan has been hit with a $56.3 million appraisal reduction amount. According to TreppWire, which highlighted the appraisal reduction, ...

Commercial Real Estate Direct Staff Report LNR Partners has listed for sale the Public Ledger Building, a 535,382-square-foot office property in downtown Philadelphia that had served as collateral for a $41.2 million CMBS loan. The 12-story property, at 150 South ...

Crain's New York Business The State Teachers Retirement System of Ohio is offering for sale a 49 percent stake in 590 Madison Ave., a 1 million-square-foot office building in Manhattan. CBRE has the listing. The sale of the stake could ...

Charlotte Business Journal A venture of Trinity Capital Advisors, Stockbridge Capital Group and Madison International Realty has bought a pair of office buildings with 158,874 square feet in the Toringdon office park in Charlotte, N.C. An affiliate of LNR Partners ...

Meridian Group, a Bethesda, Md., investment manager focused on the greater Washington, D.C., market, has registered to raise up to $250 million for its second real estate investment fund. Its first fund raised $160 million of equity commitments and has ...

Boston Business Journal State Street Corp. has begun moving employees to the 500,000-square-foot Channel Center office building that was recently completed in south Boston. As a result, it's vacating 359,122 sf at the John Hancock Tower, a 1.7 million-sf office ...

Crain's Chicago Business Greenwich Capital Commercial Funding Corp., 2007-GG9, has taken control of a Schaumburg, Ill., office building after the Cook County, Ill., Circuit Court approved the CMBS trust's lawsuit to foreclose on an $18 million loan against the 156,065-square-foot ...

Corporate Office Properties Trust has decided to convey to its CMBS lender a portfolio of 14 office properties with 1 million square feet that serves as collateral for a $146.5 million loan that was securitized through Greenwich Capital Commercial Funding ...