David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
Deal Name: Bear Stearns Commercial Mortgage Securities
Fitch Downgrades BSCMS 2005-PWR7, MLMT 2007-C1, BACM 2007-1 and BSCMS 2004-PWR5
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 ...
Moody’s Downgrades BSCMS 2002-TOP6, CD 2005-CD1 and BSCMS 2005-T20
Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes Bear Stearns Commercial ...
Hartford Life Lends $65Mln Against Cambridge, Mass., Office
Commercial Real Estate Direct Staff Report Hartford Life Insurance Co. has provided a $65 million loan against 40 Landsdowne St., a 214,638-square-foot office property in Cambridge, Mass. The fixed-rate loan matures on Sept. 1, 2021. It was used by the ...
Moody’s Downgrades Bonds from 5 CMBS Deals
Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes Bank of America ...
South Fla. Self-Storage Facility Hit with Foreclosure Suit
South Florida Business Journal A foreclosure suit was filed against the owner of the Space Plus self-storage facility in Boynton Beach, Fla. Bank of America filed the suit against Mega Mini Co., which owns the 119,893-square-foot property on 10 acres ...
S&P Downgrades 3 Classes of Bear Stearns 2000-WF2
Standard & Poor's has downgraded three classes of Bear Stearns Commercial Mortgage Securities Inc., 2000-WF2, due to concerns it has with loans in special servicing.Three loans with a balance of $20.6 million are with special servicer Capmark Finance Inc. An ...
Moody’s Upgrades 2 Classes, Downgrades 1 of Bear Stearns 1999-C1
Moody's Investors Service has upgraded two classes of Bear Stearns Commercial Mortgage Securities Inc., 1999-C1, due to increased subordination levels and the number of loans being defeased. The rating's agency has downgraded the deal's: - $21.5 million class D to ...
DBRS CMBS UPGRADES
Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln DBRSNewRating DBRSOldRating Reason for Rating Action Bear Stearns Commercial Mortgage Securities Inc., 2004-ESA 665.5 2,050.0 F 43.0 AAA AAhigh Defeasance (100 percent) - - - G 43.0 AAA AA - - ...
Newark, N.J., Offices Sell for $72Mln
The following story was edited to reflect a correction published on March 3.Heritage Management Co. has teamed with Ivy Equities to pay roughly $72 million for Four Gateway Center, a 327,000-square-foot office building in Newark, N.J.The team purchased the property ...
S&P CMBS UPGRADES
Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionBear Stearns Commercial Mortgage Securities Corp., 1999-C1395.3478.0C17.9AA+AA-Increased subordination; defeasance (30 percent of pool)---F13.1BBBBB+-Banc of America Large Loan Inc., 2005-BBA6187.8805.7C11.2AAAAA+Increased subordination---D30.3AAAAA----E20.2AAAAA-----F20.2AAAA+----G20.2AAAA----H20.1AAAA-----J14.9AABBB+----K15.1A+BBB-
About
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.
