Deal Name: GMAC Commercial Mortgage Securities Inc.

Intrepid Real Estate Co. is marketing for sale two Washington, D.C., office buildings totaling 155,000 sf. Grubb & Ellis is listing the properties, which are 1720 Eye St. and 1522 K St.

An affiliate of Gazit-Globe, an Israeli firm, is said to be paying $113 million, about $260/sf, for 3535 Market Street, a 435,000-square-foot medical office building in Philadelphia. The property is being purchased from UrbanAmerica, which is represented by CB Richard ...

Time Equities Inc. has pulled City Center Square, a 653,278-square-foot office building in downtown Kansas City, Mo., off the sales block. Offers for the property were much lower than expected due to its high vacancy rate, two major tenants leaving ...

Strategic Hotels & Resorts is well on its way to re-opening the Hyatt Regency New Orleans, a 1,184-room hotel that has been shuttered for the past two years as a result of damage from Hurricane Katrina. The hotel company would ...

Fitch Ratings has downgraded five classes of GMAC Commercial Mortgage Securities Inc., 2004-C3, because significant losses are expected when a large loan in special servicing gets liquidated.The rating agency downgraded the deal's:- $6.3 million class K to B from BB;- ...

Standard & Poor's last week downgraded seven classes of GMAC Commercial Mortgage Securities Inc., 2004-C3, because of its expectation that the deal's subordination levels will be impacted by the resolution of a large loan in special servicing.The rating agency said ...

Fitch Ratings has downgraded the $5.7 million class F of GMAC Commercial Mortgage Securities Inc., 2002-FL1 to B- from BB. The rating agency has also assigned the class a DR1 distressed-recovery rating, meaning the class has a good chance of ...

Crain's New York BusinessNegotiations between World Trade Center developer Larry Silverstein and the Port Authority of New York and New Jersey over the development at Ground Zero have broken down as a deadline imposed by Gov. George Pataki passed. The ...

Moody's Investors Service has upgraded 10 classes of GMAC Commercial Mortgage Securities Inc., 2002-C1, because of improved subordination levels and a substantial chunk of the transaction has been defeased, or replaced by government securities.The transaction's collateral balance is $666.7 million, ...

Moody’s Investors Service has upgraded nine classes of GMAC Commercial Mortgage Securities Inc., 2002-C3, because of improved subordination levels and a sizable portion of the collateral pool has been defeased.The deal's balance is $745.3 million, compared with $777.4 million at ...