Deal Name: Wachovia Bank Comm Mtg Trust

Commercial Real Estate Direct Staff Report Park Place II, a 242,676-square-foot retail center in Sacramento, Calif., has been put up for sale. The property, at 4690-4780 Natomas Blvd., had backed a $44.7 million loan that was securitized through Wachovia Bank ...

Commercial Real Estate Direct Staff Report Metropolitan Square, a 987,300-square-foot office building in downtown St. Louis, has been appraised at a value of only $52.1 million. That compares with the $124.5 million balance on the CMBS loan against it. According ...

Commercial Real Estate Direct Staff Report The $124.5 million CMBS loan against the Metropolitan Square office building in downtown St. Louis has been transferred to special servicing, five years after it was modified. The loan was securitized through Wachovia Bank ...

Commercial Real Estate Direct Staff Report Goodstone LLC has paid $9.5 million, or about $44/sf, for 6116 Executive Blvd., a 217,732-square-foot office property in North Bethesda, Md., that had been encumbered by $48.6 million of CMBS debt. The property had ...

InvenTrust Properties Corp. has paid $35.8 million, or $173.95/sf, for Price Plaza, a 205,818-square-foot retail property in the Houston suburb of Katy, Texas. The price the Oak Brook, Ill., non-traded REIT, formerly known as Inland American Real Estate Trust Inc., ...

New York Life Real Estate Investors has provided $58 million of financing against the Shoppes at EastChase, a 389,084-square-foot retail property in Montgomery, Ala. The 10-year loan, which was arranged by Grandbridge Real Estate Capital, allowed the property's owner, Alfa ...

Commercial Real Estate Direct Staff Report JPMorgan Chase Bank and Landesbank Hessen-Thuringen Girozentrale have provided $110 million of mortgage financing against 180 Madison Ave., a 280,953-square-foot office property in the midtown south area of Manhattan. The financing, arranged by HFF, ...

Orlando Business Journal Preferred Apartment Communities Inc. has paid $63.4 million, or about $183,237/unit, for the 346-unit Citilakes Lux Apartments in Orlando, Fla. An affiliate of Flournoy Development sold the property, at 12051 International Drive, which was completed earlier this ...

A venture of Ridge Capital Investors and Contrarian Capital Management has paid $35.1 million, or $183.75/sf, for a portfolio of three office buildings with 191,010 square feet in northern California. The venture bought the portfolio from CWCapital Asset Management, which ...

Commercial Real Estate Direct Staff Report Swig Co. plans to retire a $41.3 million CMBS loan against the 208,000-square-foot office building at 501 Second St. in San Francisco with proceeds from a $75 million loan provided by John Hancock Life ...