Deal Name: Cobalt CMBS Commercial Mortgage Trust

Crain's Chicago BusinessPrime Group Realty Trust has turned over to its lender the Continental Towers office complex with 932,854 square feet in suburban Chicago. The Chicago REIT, which was acquired by Lightstone Group five years ago, defaulted on the $115 ...

Commercial Real Estate Direct Staff ReportA whopping $5.3 billion of CMBS loans were transferred to special servicing today, including a $4.9 billion mortgage that facilitated Blackstone Group's $38.7 billion acquisition of Equity Office Properties Trust.The loan transfers were highlighted by ...

Prime Group Realty Trust is negotiating to give its lender, a CMBS trust, its Continental Towers office complex in Rolling Meadows, Ill.The Chicago REIT is owned by Lightstone Group, which bought it in 2005. Continental Towers is a three-building complex ...

Prime Group Realty Trust said it has defaulted on $115 million of debt on its Continental Towers office complex in Rolling Meadows, Ill.The three-building property at 1701 Golf Road contains 932,854 square feet and has not generated enough cash flow ...

Commercial Real Estate Direct Staff ReportPrime Group Realty Trust is facing debt problems on another suburban Chicago property, the Continental Towers mixed-use facility in Rolling Meadows, Ill.A $115 million loan against the 932,854-square-foot complex was moved to special servicing this ...

HTML clipboardFollowing is a list of recent downgrades by Standard &Poor's: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln Class Size $mln S&P New Rating S&P Old Rating Reason for Rating Action Wachovia Bank Commercial Mortgage Trust, 2007-C32 ...

Standard & Poor's had placed 10 classes of Cobalt CMBS Commercial Mortgage Trust, 2006-C1, on credit watch negative, because four loans in special servicing are facing foreclosure.The deal includes six loans, with a balance of $107.5 million, that are with ...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-1$47.3230.002.67AAAAAA+16swapsA-1A400.9130.007.28AAAAAANAswapsA-2358.7330.004.78AAAAAA+23swapsA-AB138.9230.007.30AAAAAA+28swapsA-3102.2630.009.32AAAAAA+35swapsA-4723.6830.009.77AAAAAA+25.5swapsA-M253.1220.009.90AAAAAA+28.5swapsA-J208.8211.759.95AAAAAA+32swapsB50.629.759.98AAAA+39swapsC28.488.6259.98AA-AA-+43swapsD34.807.259.98AA+47swapsE22.156.3759.98A-A-+53swapsF28.485.259.98BBB+BBB++70swapsG25.314.259.98BBBBBB+80swapsH34.802.8759.98BBB-BBB-+100swapsJ6.332.6259.98BB+BB+NAswapsK9.492.259.98BBBBNAswapsL9.491.8759.98BB-BB-NAswapsM3.161.7510.88B+B+NAswapsN6.331.5012.11BBNAswapsO6.331.2512.18B-B-NAswapsP31.640.0014.88NRNRNAswapsXC2,531.16*NA8.06AAAAAANATreas*Notional amount, interest onlyCollateral balance: $2,531.16 millionBookrunner(s): Wachovia Securities, Citigroup, Deutsche BankLead Managers: Wachovia Securities, Citigroup, Deutsche BankB-piece Buyer: CWCapitalMaster Servicer: Wachovia BankSpecial Servicer: CWCapitalTrustee: Wells FargoOriginators: Artesia Mortgage (11 percent), CWCapital (29.9 percent), Deutsche Bank (7.4 ...