Deal Name: WFRBS Commercial Mortgage Trust

Commercial Real Estate Direct Staff Report Younan Properties has paid $18.1 million, or $40.20/sf, for the 450,154-square-foot Two Westlake Park office property in Houston. The purchase by Younan, of Woodland Hills, Calif., was first reported by the Houston Chronicle. The ...

Commercial Real Estate Direct Staff Report A drop in inline store sales and accompanying decline in net cash flow at the Brunswick Square Mall in East Brunswick, N.J., has prompted Morningstar Credit Ratings to place the property's $70.1 million CMBS ...

Sears is closing the 105,600-square-foot store it operates at the Kitsap Mall, a 715,225-square-foot enclosed shopping center in Silverdale, Wash., that's owned by an affiliate of Starwood Capital Group. That will further depress the property's value. It serves as collateral ...

Commercial Real Estate Direct Staff Report Fitch Ratings has downgraded the $111.6 million class D of WFRBS Commercial Mortgage Trust, 2014-C22, to BB from BBB- because it expects losses to be greater than originally expected. The rating agency said that ...

Solid Properties has paid $21.75 million, or $95,815/unit, for a pair of apartment properties with 227 units in the Washington, D.C., area. The Washington owner and operator of apartment properties is led by Sia and Barry Madani, who also operate ...

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 WFRBS Commercial Mortgage Trust, ...

Commercial Real Estate Direct Staff Report The 1.4 million-square-foot Dayton Mall in suburban Dayton, Ohio, last year lost two of its five anchor tenants, putting its $80.3 million CMBS loan at an increased risk of default. While some of that ...

Crain's Chicago Business The owner of the 225-room Hotel Felix in Chicago has staved off foreclosure, agreeing to a loan modification of the 12-story property's $46.5 million of securitized loan. A venture led by Oxford Capital Group owns the hotel, ...

Kroll Bond Rating Agency has downgraded two principal-paying classes of WFRBS Commercial Mortgage Trust, 2014-C24, because of the losses it expects to result from the resolution of a number of trouble loans, including a $91 million mortgage against the Two ...

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 Credit Suisse First Boston ...