Deal Name: GE Commercial Mortgage Corp.

Commercial Real Estate Direct Staff Report A venture involving George Comfort & Sons is seeking to extend the maturity of some $165 million of debt on 63 Madison Ave., a 797,377-square-foot office building in the midtown south area of Manhattan.The ...

The transfer of a $63.4 million collateral loan to special servicing has prompted Fitch Ratings to downgrade the $8 million class BLVD-5 of GE Commercial Mortgage Corp., 2003-C2, to BB+ from BBB-. The rating agency also placed four of the ...

Commercial Real Estate Direct Staff ReportThe Crossroads Marketplace, a 539,270-square-foot shopping center in Chino Hills, Calif., that changed hands recently, saw its net operating income jump to $4.7 million in 2006 from $2.8 million three years earlier.A 239,912-sf piece of ...

Commercial Real Estate Direct Staff ReportNorthStar Realty Finance has warned the servicer of $42.8 million of securitized debt that is backed by three office properties in the Los Angeles area that it would no longer be able to keep the ...

HTML clipboardMoody's Investors Servicehas downgraded 46 classes from fiveCMBS deals as part of its review of conduit deals issued between2006-2008, as well as every large-loan deal. The downgrades arethe latest of a large list of rating actions that are expected ...

By John Covaleski, Commercial Real Estate Direct Staff Writer Brookfield Properties Corp. is marketing for sale Potomac Tower, a 237,000-square-foot office building in Rosslyn, Va. Cassidy & Pinkard Colliers has the listing for the 19-story property, at 1001 North 19th ...

Standard & Poor's has downgraded seven classes of GE Commercial Mortgage Corp., 2005-C2, because it said the collateral pool has deteriorated in credit quality. The rating agency said seven loans, totaling $70.1 million, have debt-service coverage levels of less than ...

DiNapoli Capital Partners has paid $96 million for the Hyatt Regency Phoenix, a 696-room hotel across the street from the Phoenix Convention Center. The Los Angeles investment manager is led by F. Matthew DiNapoli, who previously was a founding principal ...

By Jeff Mordock, Commercial Real Estate Direct Staff Writer Horizon Realty Advisors is offering for sale a 305-unit portfolio of student-housing properties near Brigham Young University's satellite campus in Rexburg, Idaho. The Seattle apartment investor has tapped Cushman & Wakefield ...

  Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln DBRSNewRating DBRSOldRating Reason for Rating Action GE Commercial Mortgage Corp. 1,620.3 1,856.4 B 41.9 AA(high) AA Strong outlook for collateral; defeasance (10.6 percent of pool)