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UBS and Bank of America have launched a $415 million CMBS transaction backed by debt against two California shopping centers owned by Westfield America Inc. The deal, UBS-BAMLL Trust, 2012-WRM, will allow Westfield to retire $185 million of debt against ...
Commercial Real Estate Direct Staff ReportAmerican Realty Capital New York Recovery REIT expects to realize a 7.2 percent capitalization rate from its acquisition of 9,346 square feet of retail condominium space in Manhattan's Greenwich Village.The non-traded REIT, which was registered ...
Commercial Real Estate Direct Staff ReportIn separate deals in midtown Manhattan, American Realty Capital New York Recovery REIT has paid $32 million for a 65,000-square-foot office building at 306 E. 61st St. and agreed to pay $7.5 million for a ...
Moody's Investors Service has placed three classes of GE Capital Commercial Corp., 2000-1, on review for downgrade due to expected losses from a $28 million loan that was recently transferred to special servicing. The loan is backed by a 372-room ...
Fitch Ratings has downgraded two classes of GE Commercial Mortgage Corp., 2002-1, due to expected losses from loans in special servicing.The rating agency has downgraded the deal's $10.3 million class N to B from B+ and the $5.2 million class ...
Fitch Ratings has downgraded the $4.8 million class J of GE Capital Commercial Mortgage Corp., 2000-1, to C from CC because of expected losses. In addition, the rating agency downgraded the distressed recovery rating of the class to DR5, meaning ...
Moody's Investors Service has downgraded two classes of GE Capital Commercial Mortgage Corp., 2000-1, because of losses. The transaction has seen $25.2 million of losses from the liquidation of 10 loans. Those losses have wiped out the deal's three most ...
Moody's Investors Service has downgraded three classes of GE Capital Commercial Mortgage Corp., 2001-1, because of losses from loans in special servicing.So far, the transaction has seen $8.2 million of losses, which have resulted from the liquidation of four loans. ...
Fitch Ratings has upgraded nine classes of GE Capital Commercial Mortgage Corp., 2001-3, because of improved credit enhancement and defeasance.The deal's balance is $882.7 million compared to $963.8 million at issuance. In addition, 14 loans, totaling 11.9 percent of the ...
Fitch Ratings has upgraded nine classes of GE Capital Commercial Mortgage Corp., 2001-1, because of increased credit enhancement levels and the defeasance of nine loans.The transaction's balance has decreased 8.8% since issuance to $1 billion from $1.13 billion. In addition, ...
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