Deal Name: Series 1998-C2

New York Post Leon and Alfons Melohn of New York are offering for sale a 520,000-square-foot office building in downtown Manhattan. The brothers are asking $180 million for the building, at 180 Water St., which is expected to go vacant ...

Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch New Rating Fitch Old Rating Notes Citigroup Commercial Mortgage Trust, ...

Washington Business Journal Resource America Inc. has sold a 15 percent stake in 1101 Pennsylvania Ave. NW in Washington, D.C., to KanAm Grund for $18.4 million. The asset manager sold the stake in the 218,000-square-foot office property to pay off ...

Fitch Ratings has downgraded the $25.3 million class L of GMAC Commercial Mortgage Securities Inc., 1998-C2, because of expected losses from loans in special servicing. Nine loans have been placed in special servicing, including a $9.1 million foreclosed mortgage on ...

Standard & Poor's has downgraded two classes of Merrill Lynch Mortgage Investors Inc., 1998-C2, because it expects their subordination levels to be impacted by the resolution of three loans that are in special servicing.The transaction includes three loans totaling $21.4 ...

Following is a list of recent CMBS upgrades by Moody's Investors Service:Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnFitchNewRatingFitchOldRatingMoody'sNewRatingMoody'sOldRatingS&PNewRatingS&POldRatingReason for Rating ActionGE Capital Commercial Mortgage Corp., 2003-11,141.01,188.0B41.6  AaaAa2  Increased subordination; defeasance (8.3 percent of pool)   C16.3  Aa1Aa3      D25.3  Aa3A2      E16.3  A2A3      F10.4  A3Baa1      G16.3  Baa1Baa2   JPMorgan Chase Commercial Mortgage Securities Corp., 2003-ML1886.5929.8B26.7  AaaAa2  Increased subordination; defeasance (15.3 percent of ...

Fitch Ratings has downgraded two classes of Credit Suisse First Boston Commercial Mortgage Corp., 2001-CF2, because of expected losses from loans in special servicing.Four loans totaling 3.3 percent of the transaction are in special servicing. Their resolution is expected to ...

Moody's Investors Service has downgraded two classes of Credit Suisse First Boston Mortgage Securities Corp., 1998-C2, because of losses from loans in special servicing.So far, 11 loans have been liquidated, resulting in $32.5 million of losses. And four other loans ...

Fitch Ratings has upgraded five classes of GMAC Commercial Mortgage Securities Corp., 1998-C2, because subordination levels have improved.The deal's collateral balance is $2.01 billion, compared with $2.53 billion at issuance. As a result, the transaction's class A-1 has been completely ...

Standard & Poor's has upgraded four classes of Commercial Mortgage Acceptance Corp., 1998-C2, because of improved subordination levels. The deal's balance is $2.1 billion, compared with $2.9 billion at issuance. In addition, $416.3 million of collateral mortgages have been defeased, ...