General Growth Properties Inc. said it has completed the $140 million, or $376.72/sf, sale of Boston's Faneuil Hall Marketplace, confirming talk that it was close to selling it to Ashkenazy Acquisition Corp. As reported, Ashkenazy had struck a deal to ...
Ashkenazy Acquisition Corp., which earlier this year had agreed to buy General Growth Properties' leasehold interest in Boston's Faneuil Hall Marketplace, is set to close on the $140 million acquisition this week, according to a report in the Wall Street ...
Commercial Real Estate Direct Staff Report A $38.2 million CMBS loan against a downtown Atlanta office building has been moved to special servicing even though it is current, does not mature until 2016 and the property is roughly 88 percent ...
South Florida Business Journal A venture that includes the TMW Property Funds affiliate of Prudential Real Estate Investors has sold a 188,746-square-foot office building in Sunrise, Fla., for $18.5 million. Mednex, a tenant at the property, bought the building at ...
Standard & Poor's has downgraded four classes of Banc of America Commercial Mortgage, 2006-2, due to concerns with four loans that have reported debt-service coverage levels below 1.0x. In addition, the rating agency said it expects losses to result from ...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-1104.030.003.00AAAAAA+9swapsA-1A183.930.008.68AAAAAANAswapsA-268.630.004.84AAAAAA+16swapsA-3145.030.006.83AAAAAA+25swapsA-AB118.630.007.06AAAAAA+26swapsA-41,269.230.009.64AAAAAA+27swapsA-M269.920.009.90AAAAAA+31swapsA-J215.912.009.97AAAAAA+34swapsB50.610.1259.97AAAA+37swapsC27.09.1259.97AA-AA-+39swapsD40.57.6259.97AA+46swapsE27.06.6259.97A-A-+55swapsF30.45.509.97BBB+BBB++80swapsG27.04.509.97BBBBBB+90swapsH33.73.2510.39BBB-BBB-+115swapsJ10.12.87510.72BB+BB+ swapsK13.52.37510.72BBBB swapsL10.12.0010.72BB-BB- swapsM3.41.87510.72B+B+ swapsN6.71.62510.72BB swapsO6.71.37511.19B-B- swapsP37.10.0011.90NRNR swapsXW*2,699.08NANAAAAAAA Treas*Notional amount, interest onlyCollateral balance: $2,699.08 millionBookrunner(s): Banc of America Securities, Bear StearnsLead Managers: Banc of America Securities Bear Stearns, Barclays CapitalCo-managers: Goldman Sachs, Morgan Stanley, RBS Greenwich CapitalB-piece Buyer: LNR/Hyperion Brookfield Asset ManagementMaster Servicer: Bank of ...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
