Deal Name: Banc of America Comm Mtg Trust 2006-3

Commercial Real Estate Direct Staff Report An $80 million mortgage against One Campus Drive, a 377,000-square-foot office building in Parsippany, N.J., has been moved to special servicing for the second time this year. The loan is securitized through Banc of ...

Washington Business Journal Rockrose Development Corp. has agreed to purchase 1776 Eye St. NW in Washington, D.C. A purchase price was not revealed, but the asking price for the 213,475-square-foot property was $140 million, or about $622/sf. Rockrose plans to ...

Two prominent hotels in downtown Washington, D.C., have hit the sales market and each would present new owners with the opportunity to re-brand the properties. The two properties are the Four Points Sheraton in the city's downtown, and the Georgetown ...

Commercial Real Estate Direct Staff Report The AJ bond class of Banc of America Commercial Mortgage Trust, 2006-3, which originally was rated AAA, has been hit with a shortfall for the first time. The shortfall, highlighted by Barclays Capital in ...

Majestic Investments, a Calabasas, Calif., real estate investment firm, has paid $49.5 million for Sherman Plaza, a two-building office complex in Van Nuys, Calif. Embarcadero Capital Partners sold the 267,955-square-foot complex, at 15350 and 15400 Sherman Way, through Madison Partners. ...

Commercial Real Estate Direct Staff Report Excess proceeds from the recent sale of a foreclosed property for more than the $31.6 million balance of a securitized loan it backed might not go to investors in the CMBS deal that held ...

Washington Business Journal LaSalle Investment Management has bought the Fair Lakes Promenade shopping center in Fairfax, Va., for $39.5 million. The 145,000-square-foot center was built in 1996 by The Peterson Cos. But Peterson defaulted on a $31.6 million loan that ...

Pittsburgh Tribune-ReviewThe vacant 263,700-square-foot Boscov's department store at the Monroeville Mall in Allegheny County, Pa., will be sold at auction on Feb. 7. The property is owned by BDS Monroeville Mall Portfolio and Monroeville Department Investors, subsidiaries of H&R Real ...

Inland Private Capital Corp. is considering selling or finding fresh debt for a 116,221-square-foot retail center in East Northport, N.Y. The Inland Real Estate Corp. subsidiary that facilitates 1031 exchanges owns the property, Huntington Square Plaza, on behalf of a ...

Commercial Real Estate Direct Staff ReportEmbarcadero Capital Partners has put the 267,955-square-foot Sherman Plaza office complex in Van Nuys, Calif., on the sales block. It is said to be asking for $55 million.The San Francisco investment manager acquired the two-building ...