Deal Name: Bear Stearns Commercial Mortgage Securities Inc.

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, ...

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 ...

The Real Deal AEW Capital Management has acquired 360 Lexington Ave. in Manhattan for $128.6 million from Himmel + Meringoff Properties. The purchase price includes the assumption of $38.6 million of mortgage debt that was securitized through Bear Stearns Commercial ...

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 ...

Landesbank Hessen-Thuringen Girozentrale, better known as Helaba Bank, has provided $90 million of floating-rate financing for 401 West 14th St., a 62,199-square-foot retail property in Manhattan's Meatpacking district. The financing, arranged by Holliday Fenoglio Fowler, has a five-year term and ...

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 ...

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  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-159.2027.003.39AAAAaaNAswapsA-2173.2327.004.88AAAAaa+16swapsA-391.6627.006.81AAAAaa+22swapsA-AB81.0027.007.60AAAAaa+22swapsA-4715.2627.009.80AAAAaa+21swapsA-M153.4717.009.91AAAAaa+24swapsA-J101.6810.3759.95AAAAaa+27swapsB28.788.509.95AAAa2+33swapsC13.437.6259.95AA-Aa3+36swapsD21.106.259.95AA2+43swapsE13.435.37510.39A-A3+48swapsF13.434.5011.20BBB+Baa1+60swapsG19.183.2511.20BBBBaa2+70swapsH9.592.62511.20BBB-Baa3+90swapsJ3.842.375 BB+Ba1 swapsK3.842.125 BBBa2 swapsL5.761.75 BB-Ba3 swapsM5.761.375 B+B1 swapsN1.921.25 BB2 swapsO1.921.125 B-B3 swapsP17.270.00 NRNR swapsX-11.534.72*NA AAAAaa+125TreasX-21,502.57*NA AAAAaa+70Treas*Notional amount, interest onlyCollateral balance: $1,534.72 millionBookrunner(s): Bear Stearns, Morgan StanleyLead Managers: Bear Stearns, Morgan StanleyB-piece Buyer: ARCapMaster Servicer: Wells FargoSpecial Servicer: ARCap ServicingTrustee: LaSalle BankOriginators: Morgan Stanley (39.7 percent), Bear Stearns (24.4 percent), Wells Fargo Bank ...

  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 ...

Standard & Poor's has downgraded two classes of Bear Stearns Commercial Mortgage Securities Inc., 2004-BBA5, because the second-largest loan in the collateral pool has seen a decline in operating performance.The loan has a balance of $170 million, but only $115 ...