Deal Name: Series 2000-C2

Crain's Chicago Business Joseph Freed & Associates, a Chicago-area developer that lost the city's Block 37 project earlier this year, is in danger of losing another local retail property. The developer in July 2010 defaulted on $19.2 million of debt ...

Deutsche Bank has provided $40 million of fixed-rate mortgage financing for Solana Beach Towne Centre, a 251,272-square-foot retail center in Solana Beach, Calif.The financing, which carries a rate of less than 6 percent and a term of 10 years, was ...

Commercial Real Estate Direct Staff ReportBoston Properties has acquired a 30 percent stake in a Washington, D.C., office building from a syndication led by partners of JBG Cos. The deal resulted in the pay off of the property's $26.8 million ...

Bank of America has funded a $46 million mortgage for the Polaris Towne Center, a 1.5 million-square-foot shopping center in Columbus, Ohio, that is owned by Glimcher Realty Trust. The loan, with a 10-year term and fixed coupon of 6.75 ...

Baltimore Business Journal Orix Capital Markets is selling a Baltimore area shopping center for $15 million to developer Carl Verstandig. Orix, a special servicer had acquired the center, Diamond Point Plaza in Essex, Md., for $10.3 million in 2006 after ...

Standard & Poor's has downgraded three classes of First Union National Bank Commercial Mortgage Trust, 2000-C2, because of losses.The transaction has so far been hit with $24.2 million of losses, wiping out the deal's unrated class and impacting class N. ...

Moody's Investors Service has downgraded four classes of Salomon Brothers Mortgage Securities VII, 2000-C2, because of losses from loans in special servicing.The transaction has realized $9 million in losses from the liquidation of six loans. Moody's has projected an additional ...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionPNC Mortgage Acceptance Corp., 2000-C2919.81100.0C48.423AaaAa1Increased subordination and defeasance---D13.452Aa2Aa3----E13.451Aa3A1----F18.831A3Baa1----G16.141Baa1Baa2----H18.832Baa3Ba1-CalSTRS Trust, 2002-C6565.2749.6B-19.423AaaAa2Increased subordination---B-222.566AaaAa2----B-322.566AaaAa2-Paine Webber Mortgage Acceptance Corp. V, 1999-C1523.3704.8C37.0AaaAa1Increased subordination---D33.476Aa3Aa1----E8.809A2A3----F35.238Ba3B3-

Standard & Poor's has downgraded two classes of First Union National Bank Commercial Mortgage Corp., 2000-C2, because of expected losses from loans in special servicing.To date, the deal has already experienced six losses totaling $14.6 million and additional losses are ...

Fitch Ratings has upgraded seven classes of First Union National Bank Commercial Mortgage Trust, 2000-C2, because of improved subordination levels. The deal's balance is $1.02 billion, compared with $1.14 billion at issuance. In addition, 11 loans totaling 10.6 percent of ...