Deal Name: Series 1998-D6

Pennsylvania REIT has agreed to pay $465 million for the Springfield Town Center in Fairfax County, Va. The Philadelphia company is buying the mall, which is just off Interstate 95 and about 15 miles south of Washington, D.C., from Vornado ...

A total of 82 CMBS loans with a balance of $815.8 million were liquidated last month at an average loss of 46.5 percent, according to Realpoint. The liquidated loans include a $270 million mortgage on Pacific Arts Plaza in Costa ...

Vornado Realty Trust has paid $115 million for $171.5 million of securitized debt backed by the Springfield Mall in Fairfax County, Va., a property it owns.The Paramus, N.J., REIT also bought out its partner in the 1.4 million-square-foot mall for ...

Commercial Real Estate Direct Staff Report CWCapital Asset Management, which is overseeing the $159 million of debt on the Springfield Mall, a 1.4 million-square-foot regional shopping center in the Washington, D.C., suburb of Springfield, Va., is offering it for sale. ...

Washington Business JournalThe two special servicers handling a $163 million loan against the Springfield Mall in Springfield, Va., are pursuing receivership or foreclosure after workout discussions did not result in payback agreements, according to Trepp LLC, a real estate analysis ...

Commercial Real Estate Direct Staff ReportPrimus Capital has orchestrated the defeasance of $76.9 million of securitized mortgages, facilitating its sale of 12 movie-theater properties that served as their collateral.The Atlanta investor worked with Chatham Financial of Kennett Square, Pa., on ...

Commercial Real Estate Direct Staff Report Vornado Realty Trust is re-evaluating its redevelopment plan for a regional mall in Springfield, Va., while it's in the midst of the $152.3 million project.Efforts by the Paramus, N.J., REIT to convert the 1.4 ...

Fitch Ratings has downgraded two classes of Nomura Asset Securities Corp., 1998-D6, due to projected losses from loans in special servicing.The rating agency has downgraded the deal's $18.6 million class B-5 to CCC/DR1 from B and the $27.9 million class ...

HTML clipboard Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln Class Size $mln Moody's New Rating Moody's Old Rating Reason for Rating Action Nomura Asset Securities Corp., 1998-D6 1,500.0 3,700.0 A-5 55.8 Aaa Aa3 Increased subordination; defeasance ($492 ...

Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln FitchNewRating FitchOldRating Reason for Rating Action GS Mortgage Securities Corp. II, 2003-C1 1,060.0 1,610.0 D 12.1 AAA AA+ Increased subordination; defeasance (25.6 percent of pool). - - - E 18.1 AAA AA- ...