Venture Beat Bluehost, a company that hosts Web sites, plans to vacate the Canyon Park Technology Center in Orem, Utah. The property backs a $64.9 million loan that's securitized through LB-UBS Commercial Mortgage Trust, 2006-C4. The CMBS debt was transferred ...
Commercial Real Estate Direct Staff Report A group of lenders led by Wells Fargo Bank has provided $750 million of mortgage financing against the One New York Plaza office property in lower Manhattan. The loan replaces $340 million of financing ...
New York Observer Nature Publishing Group is in talks to lease 176,000 square feet for 10 years at Manhattan's One New York Plaza. The lower Manhattan property, which is owned by Brookfield Office Properties Inc., backs a $359.3 million CMBS ...
CB Richard Ellis Realty Trust has paid down by $8.6 million a $117.6 million mortgage against 90 Hudson St., a 418,046-square-foot office building in Jersey City, N.J. The pay down was part of a modification that resulted in TIAA-CREF, which ...
Commercial Real Estate Direct Staff ReportCB Richard Ellis Realty Trust has agreed to pay Hartz Mountain Industries $310 million for 827,318 square feet of office space in Jersey City, N.J.The Princeton, N.J., non-traded REIT, affiliated with CB Richard Ellis Investors, ...
Commercial Real Estate Direct Staff ReportTishman Speyer Properties, which has recapitalized a number of properties that it either purchased or financed during the market's run-up, has retired $62.5 million of mezzanine debt on Boston's One Federal Street, de-leveraging the 1.1 ...
Commercial Real Estate Direct Staff ReportThe buzz is that TIAA-CREF received some 20 offers for a $49 million performing mezzanine loan on Boston's One Federal St. office building.Investors familiar with the offering, which was conducted by Cushman & Wakefield, say ...
Commercial Real Estate Direct Staff ReportTIAA-CREF is offering for sale a $49 million senior mezzanine piece of the $373.5 million debt package on Boston's One Federal St. office building.The insurer is offering the note through Cushman & Wakefield, and is ...
South Florida Business JournalBank of America has won a $63.8 million foreclosure suit against the 342,978-square-foot Rivergate Plaza office building in Miami. The 10-story property at 444 Brickell Ave. was backed by a $58.5 million loan that was securitized through ...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-130.0030.003.18AAAAaa+6swapsA-238.0030.004.91AAAAaa+15swapsA-323.0030.006.63AAAAaa+26swapsA-AB67.0030.007.39AAAAaa+24swapsA-4815.3430.009.78AAAAaa+25swapsA-1A414.2930.006.93AAAAaaNAswapsA-M198.2320.009.94AAAAaa+29swapsA-J148.6812.509.96AAAAaa+32swapsB17.3511.6259.96AA+Aa1+34swapsC24.7810.3759.96AAAa2+35swapsD17.359.509.96AA-Aa3+37swapsE14.879.759.96A+A1+40swapsF24.787.509.96AA2+43swapsG19.826.509.96A-A3+50swapsH14.875.759.96BBB+Baa1+68swapsJ27.264.3759.96BBBBaa2+78swapsK27.263.009.96BBB-Baa3+110swapsL7.432.8759.96BB+Ba1 swapsM9.912.3759.96BBBa2 swapsN4.962.1259.96BB-Ba3 swapsP7.431.759.96B+NR swapsQ7.431.6259.96BNR swapsS4.961.12510.16B-NR swapsT22.300.0013.91NRNR swapsX-CL*1,982.33NA8.97AAAAaa TreasX-CP*1,802.83NA5.66AAAAaa Treas*Notional amount, interest onlyCollateral balance: $1,982.33 millionBookrunner(s): Lehman BrothersLead Managers: Lehman Brothers, UBS SecuritiesB-piece Buyer: American Capital StrategiesMaster Servicer: Wachovia BankSpecial Servicer: Lennar PartnersTrustee: LaSalle BankOriginators: Lehman Brothers (82.2 percent), UBS (17.8 percent)Number of Loans/Properties: 145/167Top-10 Concentration: ...
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