Deal Name: GMAC Commercial Mortgage Securities Inc.

Pacific Office Properties Trust Inc. has struck a deal to pay $305.9 million for a portfolio of 12 office properties in California with 1.9 million square feet that are owned by Guggenheim Real Estate. The San Diego REIT hopes to ...

By John Covaleski, Commercial Real Estate Direct Staff WriterDebt-servicing problems are intensifying for Empire American Holdings, a Montvale, N.J., multifamily property investor, whose president last year registered to launch a non-traded REIT.In total, $1.1 billion of securitized debt on the ...

Commercial Real Estate Direct Staff ReportFirst Potomac Realty Trust has announced a flurry of property acquisitions totaling more than $300 million.It will fund some of the acquisitions with the roughly $155 million of proceeds that a stock offering that priced ...

Ross Development and Investment has negotiated an extension of a $93 million mortgage encumbering Seven Springs Village, a 982-unit apartment complex in College Park, Md.The loan, securitized through GMAC Commercial Mortgage Securities Corp., 2006-1, matured on Sept. 1. It carried ...

Commercial Real Estate Direct Staff ReportResource Real Estate Opportunity REIT Inc., a non-traded REIT sponsored by Philadelphia investment manager Resource America Inc., has completed its first acquisition.The company, which filed to raise up to $750 million of equity by selling ...

Commercial Real Estate Direct Staff ReportPacific Office Properties Trust has defaulted on $54.8 million of debt that has come due on the City Square office complex in downtown Phoenix and is in talks to extend the debt's maturity.The Los Angeles ...

Crain's Chicago BusinessA foreclosure suit was filed in Cook County, Ill., Circuit Court against the owner of the International Tower near the O'Hare International Airport. The $33.7 million loan against the suburban Chicago property, at 8550 W. Bryn Mawr Ave., ...

Phoenix Business JournalThe 414-unit Phoenix apartment complex Empirian on Central is in default of its debt. The property, at 4140 N. Central Ave., secures a $39.5 million loan obtained in November 2005. The loan is owned by GMAC Commercial Mortgage ...

HTML clipboardFollowing is a list of recent downgrades by Standard &Poor's: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln S&P New Rating S&P Old Rating Notes COMM, 2005-LP5 1,153.0 ...

HTML clipboardFollowing is a list of recent downgrades by Standard &Poor's: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln S&P New Rating S&P Old Rating Notes GS Mortgage Securities ...