Deal Name: Wachovia Bank Commercial Mortgage Trust

Midwest Real Estate News A venture of Princeton Enterprises has obtained a $12.8 million loan against the 480-unit Lincoln Towers Apartments at 15075 Lincoln St. in the Detroit suburb of Oak Park, Mich. Bernard Financial Group of Detroit arranged the ...

Commercial Real Estate Direct Staff Report Ashford Hospitality Prime Inc., which last August launched an effort to explore strategic alternatives, including a potential sale of the company, has concluded that effort. The Dallas company, which was spun off in 2013 ...

Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes JPMorgan Chase Commercial ...

Virtu Investments LLC has paid $47 million, or $133,523/unit, for The Fairways, a 352-unit apartment property in Chandler, Ariz., about a half hour southwest of Phoenix. The property was sold by the Bascom Group, which had purchased it in 2013 ...

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's New Rating Fitch's Old Rating Notes ML-CFC Commercial Mortgage Trust, ...

Commercial Real Estate Direct Staff Report CWCapital Asset Management is offering for sale the Lakeridge East apartment complex, a 310-unit property in Reno, Nev., that it has been managing as special servicer for nearly seven years. It has hired Mission ...

Commercial Real Estate Direct Staff Report The Brodick Hills Apartments, with 312 units in the Atlanta suburb of Lithia Springs, Ga., has been sold by its tenant-in-common group to M. Banks Realty Partners. The sale was orchestrated by National Asset ...

Commercial Real Estate Direct Staff Report Metropolitan Life Insurance Co. has provided $106.5 million of mortgage financing against East Gate Square, a 771,856-square-foot retail property in the Philadelphia suburb of Moorestown, N.J. The property, at 1000-1690 Nixon Drive, is owned ...

The $55.5 million CMBS loan against Britannia Business Center I, a 296,537-square-foot office property in Pleasanton, Calif., has been retired as part of an effort by Vitua Partners to recapitalize the four-building complex. The Phoenix investment manager is raising capital, ...

  Commercial Real Estate Direct Staff Report The $190 million CMBS loan against Boston's One Congress St. office and retail property has been extended through August 2017, according to a report by TreppWire. The loan is securitized through Wachovia Bank ...