RXR Realty has agreed to pay a venture made up of Shorenstein Properties and a group led by Mark Karasick $900 million for Manhattan's Starrett-Lehigh Building. The 2.2 million-square-foot office property, at 601 West 26th St., backs $111.9 million of ...
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 Morgan Stanley Capital ...
HTML clipboardFollowing is a list of recent downgrades by Standard &Poor's: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln S&P New Rating S&P Old Rating Notes Credit Suisse First ...
The recent Chapter 11 bankruptcy filing by General Growth Properties has prompted Fitch Ratings to place three classes of Wachovia Bank Commercial Mortgage Trust, 2003-9, on rating watch negative:.- $14.4 million class E, rated A;- $15.8 million class F, rated ...
Standard & Poor's has downgraded two classes of Wachovia Bank Commercial Mortgage Trust, 2003-C9, due to losses from a $3.7 million loan in special servicing.The loan, which is backed by a 328-pad mobile home park in Mesa, Ariz., was transferred ...
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 Wachovia Bank Commercial Mortgage Trust, 2004-C11 984.4 1,040.0 B 28.6 Aaa Aa1 Increased subordination; defeasance ...
The Chicago REIT recently put fresh mortgages totaling more than $615 million on eight of its properties. The refinancing drive is part of the REIT's practice to take cash out of its properties once they're stabilized.
April 23, 2004 Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating S&P Final Pricing (bp) Bnch mark A-1 56.2.00 15.25 3.05 Aaa AAA +27 swaps A-1A 161.02 15.25 NA Aaa AAA -- swaps A-2 70.00 15.25 4.91 ...
December 11, 2003 By Rhonda L. Lipschutz, Commercial Real Estate Direct Staff WriterAllied Capital Corp. has bought the B-piece of an upcoming $1.2 billion conduit that GE Commercial Mortgage is raising.The deal, GE Capital Commercial Mortgage Corp., 2004-C1, is scheduled ...
December 11, 2003 Class Amt ($mln) Sub Level (%) Avg Life (yrs) Rating S&P Rating Fitch Final Pricing (bp) Bnch mark A-1 70.9 17.5 2.52 AAA AAA +19 Swaps A-2 166 17.5 4.85 AAA AAA +21 Swaps A-3 198 17.5 ...
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