Deal Name: Credit Suisse First Boston Mortgage Securities Corp.

Standard & Poor's downgraded six classes of Credit Suisse First Boston Mortgage Securities Corp., 2005-CND2, earlier this week because most of the deal's collateral loans, all of which were made for properties being converted to condos, have not met its ...

Commercial Real Estate Direct Staff ReportIn a deal that could set a Manhattan record-high of $1,500/sf, 450 Park Avenue is becoming available for sale. The owner, a joint venture of New York Common Fund and Taconic Investment Partners, has chosen ...

Moody's Investors Service has downgraded three classes of Credit Suisse First Boston Mortgage Securities Corp., 2005-CND1, because two of the deal's three remaining loans are in default. The rating agency also placed those classes, and five others under review for ...

Commercial Real Estate Direct Staff ReportStandard & Poor's has downgraded four classes of Credit Suisse First Boston Mortgage Securities Corp., 2005-CND1, because of a lack of condo unit sales at properties backing two of the deal's mortgages.The transaction was backed ...

Commercial Real Estate Direct Staff ReportThe volume of delinquency in CMBS deals continued to decline in January, hitting $2.56 billion, down from $2.65 billion in December.The decline continues a trend that started in October 2005, when delinquencies spiked as a ...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionMorgan Stanley Dean Witter Capital I Inc., 2001-TOP1793.31,160.0B34.7AA+AAIncreased subordination; defeasance (11 percent of pool)---C31.8AA-A----D11.6AA-----E27.5BBB-BB+----F10.1BB+BB-Banc of America Commercial Mortgage Inc., 2000-2761.0889.8D17.8AAAAADefeasance (25 percent of pool)---E8.9AAAAA-----F11.1AA+A+----G17.8AAA-----H11.1A+BBB+----J34.5BBBBB+----K5.6BBB-BB----L6.7BBBB-----M2.2BB-B+-Credit Suisse First Boston Mortgage Securities Corp., 2001-CKN5932.91,100.0D24.1AA+AAIncreased subordination; defeasance (20 ...

The sharp slowdown in the residential condo sector is causing problems for borrowers whose loans were securitized in a 2005 CMBS transaction. The deal was downgraded several months ago and faces additional ratings hits.

Sterling American Properties is offering for sale 301 Howard St., a 307,396-square-foot office building in San Francisco, that could fetch more than $100 million, or about $350/sf. The property was purchased two years ago by Sterling American Property Fund IV.

A venture led by Diversified Equity Investment has paid $40 million for Kauai Village, a 110,000-square-foot retail property in Kapaa, Hawaii.The Irvine, Calif., firm purchased the property from Passco Real Estate Enterprises, which is also based in Irvine and owned ...

The REIT has paid $65 million for the 499-room hotel. The property was purchased from Walton Street Capital and Rockpoint Group, which had purchased it a little over a year ago from CTF Holdings of Hong Kong.