Griffin Capital Net Lease REIT has paid $13 million, or about $114/sf, for a 114,300-square-foot assembly and manufacturing facility at 110 Algonquin Parkway in Whippany, N.J., about 25 miles northwest of Newark, N.J. The initial capitalization rate for the property ...
The Canada Pension Plan Investment Board has acquired a 45 percent stake in two Washington, D.C., office buildings owned by Vornado Realty Trust.The institution, which administers Canada's national retirement system, paid $91 million and assumed $142.4 million of the properties' ...
By John Covaleski, Commercial Real Estate Direct Staff Writer Four regional malls, with a combined 1.9 million square feet, that are owned by Lightstone Group and are in receivership, have been put up for sale. Lightstone Group, a Lakewood, N.J., ...
Commercial Real Estate Direct Staff ReportA venture led by Lightstone Group has agreed to hand over four shopping malls to the servicer of $80.6 million of debt. Most of the debt was securitized through JPMorgan Chase Commercial Mortgage Securities Trust, ...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-174.3730.003.08AAAAaaNAswapsA-1A231.9030.00 AAAAaaNAswapsA-373.6730.006.98AAAAaa+29swapsA-SB101.0530.007.15AAAAaa+26swapsA-41,001.8330.009.82AAAAaa+27swapsA-M211.8320.009.97AAAAaa+31swapsA-J164.1712.259.98AAAAaa+34swapsB37.0710.509.98AAAa2+36swapsC15.899.759.98AA-Aa3+37swapsD31.778.259.98AA2+47swapsE26.487.009.98A-A3+57swapsF29.135.62510.03BBB+Baa1+75swapsG26.484.37510.06BBBBaa2+85swapsH21.183.37510.06BBB-Baa3+120swapsJ7.943.00NABB+Ba1NAswapsK10.592.50NABBBa2NAswapsL7.942.125NABB-Ba3NAswapsM2.652.00NAB+B1NAswapsN5.301.75NABB2NAswapsP5.301.50NAB-B3NAswapsNR31.77NANANRNRNAswapsX-1*2,118.30NANAAAAAaaNATreasX-2*2,069.36NANAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $2,118.30 millionBookrunner(s): JPMorgan Chase SecuritiesLead Managers: JPMorgan Chase Securities, CIBC World MarketsCo-managers: Morgan StanleyB-piece Buyer: JER PartnersMaster Servicer: Wells Fargo BankSpecial Servicer: JE Robert Cos.Trustee: LaSalle BankOriginators: CIBC World Markets (50.7 percent), ...
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