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Pittsburgh Tribune-Review McKnight Realty Partners is said to be acquiring the 102-year-old Henry W. Oliver Building in downtown Pittsburgh in a deed-in-lieu of foreclosure. The pending sale allows the owner, an affiliate of S.N. Phelps Realty, to avoid foreclosure and ...
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 Reason for Rating Action ...
By Anita Nolan, Commercial Real Estate Direct Staff WriterThe strength of downtown Pittsburgh's office market, in terms of vacancy and rents, has resulted in increased investment-sales activity.Four large office buildings or complexes, containing close to 13 percent of the market's ...
Pittsburgh Business TimesGrubb & Ellis is marketing for sale the historic Henry W. Oliver Building with 471,000 square feet in downtown Pittsburgh. The 100-year-old property backs $29.7 million of debt that is securitized through Commercial Mortgage Asset Trust, 1999-C2. The ...
Expected losses from loans in special servicing have prompted Moody's Investors Service to place nine classes of Commercial Mortgage Asset Trust, 1999-C2, on review for possible downgrade. A total of nine loans with a balance of $53.8 million are with ...
Moody's Investors Service has downgraded two classes of Commecial Mortgage Asset Trust, 1999-C2, because of losses from loans in special servicing as well as high leverage levels for some collateral loans.The transaction has seen four losses totaling $14.3 million. In ...
Standard & Poor's has upgraded two classes of Commercial Mortgage Asset Trust, 1999-C2, because of improved subordination levels.The deal's balance is $699.5 million, compared with $775.2 million at issuance. In addition, 24 percent of the deal balance has been defeased, ...
The Toronto company has purchased the Bank of America Plaza in Las Vegas from Molasky Group. The sale was facilitated partly by Molasky's defeasance of a securitized $31 million mortgage.
December 3, 2004 Ramco-Gershenson Properties Trust (NYSE:RPT) has agreed to pay $128 million for two Michigan shopping centers with 671,000 square feet. The Farmington Hills, Mich., retail REIT is assuming $72.1 million of existing debt on the properties and will ...
July 9, 2004 Moody's Investors Service upgraded four classes of Commercial Mortgage Asset Trust, 1999-C1, because subordination levels have improved. The rating agency also downgraded three classes of the deal because of losses on loans in special servicing. But a ...
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