Deal Name: First Union-Lehman Bros-Bank of America Commercial Mtg Trust

A joint venture between Jamestown and Shailendra Group has agreed to buy 999 Peachtree Street in Atlanta for about $152 million. The 621,217-square-foot office building's mortgage has been mired in litigation since 2003 after its owners, a German investment fund ...

Moody's Investors Service has downgraded the $34.1 million class L of First Union-Lehman Brothers-Bank of America Commercial Mortgage Trust, 1998-C2, to Caa3 from Caa2 because of losses from loans in special servicing.So far, 42 loans have been liquidated, resulting in ...

March 18, 2005 Moody's Investors Service has downgraded three classes of First Union-Lehman Brothers-Bank of America Commercial Mortgage Trust, 1998-C2, because of losses from loans in special servicing. Meanwhile, the rating agency upgraded four other classes because of improved subordination ...

March 18, 2005 Standard & Poor's has upgraded four classes of First Union-Lehman Brothers Commercial Mortgage Trust, 1998-C2, because subordination levels have improved as a result of a reduction in principal balance to $2.7 billion from $3.4 billion at issuance. ...

December 16, 2003 Standard & Poor's has upgraded five classes of First Union-Lehman Brothers Commercial Mortgage Trust, 1998-C2, because of improved credit support levels and the steady performance of the collateral pool.The rating agency upgraded the deal's:– $170.4 million class ...

July 17, 2003 Moody's Investors Service has downgraded three classes of First Union-Lehman Brothers-Bank of America Commercial Mortgage Trust, 1998-C2, and upgraded four others.The rating agency downgraded the deal's:– $51.1 million class K to B3 from B2;– $34.1 million class ...

July 10, 2003 Moody's Investors Service has placed four classes of First Union-Lehman Brothers-Bank of America Commercial Mortgage Trust, 1998-C2, under review for possible downgrades. The rating agency said the deal has suffered $11.6 million of losses so far and ...