Deal Name: Bear Stearns Commercial Mortgage Securities Trust

Commercial Real Estate Direct Staff Report The $69.9 million CMBS loan against the 604-room Marriott Houston Westchase hotel has been hit with a $17.5 million appraisal reduction amount, an indication that the property is now worth less than what is ...

Third Point LLC is said to have acquired the distressed $59.15 million loan against Building 1 of the 777 Scudders Mill Road office complex in Plainsboro, N.J. The New York investment manager bought the loan from Bear Stearns Commercial Mortgage ...

Commercial Real Estate Direct Staff Report The largest remaining loan in the collateral pool for Bear Stearns Commercial Mortgage Securities Corp., 2007-PWR15, is now classified as being in foreclosure. The loan, with a balance of $59.2 million, is backed by ...

A venture of Norges Bank Real Estate Management and Oxford Properties Group has agreed to pay nearly $390 million, or $997.45/sf, for 1101 New York Ave. NW, a 390,994-square-foot office building in Washington, D.C. Norges, which has been actively buying ...

Federal Realty Investment Trust has paid $29.5 million, or nearly $107.75/sf, for Hastings Ranch Plaza, a 273,844-square-foot retail center in Pasadena, Calif. The property, at 3801-3883 East Foothills Blvd., is fully leased and anchored by a Sears, Marshalls, which occupies ...

Commercial Real Estate Direct Staff Report The $173 million of CMBS financing against Bristol-Myers Squibb Co.'s Plainsboro, N.J., office campus has fallen 30-days late. That's not a surprise given that the pharmaceutical company previously had said it would be vacating ...

Commercial Real Estate Direct Staff Report The Miramar Commercial Center mixed-use property in San Diego has been sold for $23.6 million, or $138.39/sf. The property includes Miramar Landing, a 131,360-square-foot retail and entertainment center at 8990 and 8998 Miramar Road, ...

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 ...

Philadelphia Business Journal Comcast Corp. has inked a lease to fully occupy a 135,384-square-foot office building at the Chesterbrook Corporate Center in Wayne, Pa. Pitcairn Properties Inc. owns the suburban Philadelphia property at 725 Chesterbrook Blvd. Comcast Spotlight, a division ...

Commercial Real Estate Direct Staff Report Westbrook Partners has paid $152 million, or roughly $496/sf, for 1325 G St. NW, a 306,563-square-foot office building in Washington, D.C. The New York investment manager used a $110 million loan from HSBC Bank ...