Deal Name: CD 2006-CD3

An investor group led by Bain Capital Partners has recapitalized the World Market Center in Las Vegas, as well as the International Home Furnishings Center and Market Square Complex in High Point, N.C. Some of the properties back CMBS loans ...

Continental Property has paid $28.5 million for 501 Continental Blvd., a 125,594-square-foot office/research and development building in El Segundo, Calif.The property, fully leased to Teledyne Technologies Inc. for another seven years, was purchased from RW Continental LP, an affiliate of ...

Jones Lang LaSalle and Real Estate Disposition will be offering $132 million of nonperforming loans at their next online auction, scheduled for Oct. 25-27.The two companies last year formed a venture through which they would market and auction off loans ...

Crain's Chicago BusinessChicago's Merchandise Mart with more than 3.5 million square feet along the Chicago River looks to be on the sales block. Vornado Realty Trust, a Paramus, N.J., REIT, is offering for sale an affiliate company, Merchandise Mart Properties ...

Commercial Real Estate Direct Staff Report Vornado Realty Trust said it will not "fund any shortfalls in debt service" on the $217.8 million of debt on its 2 million-square-foot High Point Furniture Mart property in High Point, N.C. In addition, ...

HTML clipboardMoody's Investors Service has downgraded 56 classes from fourCMBS deals as part of its review of conduit deals issued between2006-2008, as well as every large-loan deal. As part of its review, the rating agency has adjusted propertycapitalization rates and ...

Standard & Poor's has downgraded four classes of CD, 2006-CD3, because of expected losses from a loan in special servicing. The $7.4 million loan is backed by the 160-unit Macdade Terrace Apartments in the Philadelphia suburb of Woodlyn, Pa. It ...

Commercial Real Estate Direct Staff ReportJER Investors Trust Inc. completed $674.5 million of investments last year, increasing its portfolio of assets to $1.4 billion.The McLean, Va., specialty finance company had targeted some $500 million of acquisitions, but was able to ...

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