Deal Name: Nomura Asset Securities Corp

BPG Properties Ltd. has paid $169.5 million for Park Center Plaza, a 600,000-square-foot office complex in downtown San Jose, Calif. The Philadelphia investment manager purchased the property on behalf of its BPG Investment Partnership VIII, from a venture between Divco ...

  Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln S&PNewRating S&POldRating Reason for Rating Action Morgan Stanley Dean Witter Capital I Inc., 2002-HQ 548.5 846.0 F 8.5 AA- A+ Increased subordination. - - - G 8.5 A+ A - - ...

Commercial Real Estate Direct Staff ReportMission Capital Advisors is marketing a $12.7 million portfolio of foreclosed commercial mortgages.The New York loan-sales adviser expects to take indicative bids for the portfolio on April 25. It aims to complete a at least ...

Glimcher Realty Trust has paid off the $59.3 million of debt that was encumbering its University Mall, a 1.2 million-square-foot shopping center in Tampa that it had earmarked for sale earlier this year.The mortgage was part of the collateral pool ...

Standard & Poor's has upgraded the $33.7 million class B-2 of Nomura Asset Securities Corp., 1996-MDV, to BBB+ from BB+, because the sole real estate-backed mortgage in the transaction has seen an improvement in performance.The collateral pool has a balance ...

Fitch Ratings has upgraded the $33.7 million class B-2 of Nomura Asset Securities Corp., 1996-MDV, to A from BB+ because a large collateral loan was fully defeased, or replaced by government securities. As a result of the latest defeasance, 96.2 ...

Vornado Realty Trust has purchased an option to buy the Springfield Mall, a 1.4 million-square-foot shopping center in suburban Washington, D.C.The Paramus, N.J., REIT paid $36 million for the option, which gives it the right to buy the mall for ...

Fitch Ratings has upgraded two classes of Nomura Asset Securities Corp., 1996-MDV, because of the improved credit profile of the deal's collateral.The deal's balance is $610.4 million, compared with $773.7 million at issuance. But the bulk of the deal - ...

Moody's Investors Service has upgraded four classes of Nomura Asset Securities Corp., 1998-D6, because of improved subordination levels. The deal's collateral balance is $3.3 billion, compared with $3.7 billion at issuance. In addition, 44 loans totaling 12.9 percent of the ...

June 29, 2005Standard & Poor's has upgraded five classes of Nomura Asset Securities Corp., 1998-D6, because of improved subordination levels. The deal's balance is $3.33 billion, compared to $3.72 billion at issuance. Another 6.3 percent of the deal has been ...