Commercial Real Estate Direct Staff Report The $190 million loan against One Congress St., a 313,527-square-foot office and retail building in Boston, missed its March payment. The loan, securitized through Wachovia Bank Commercial Mortgage Trust, 2007-C30, was transferred...

Retail Properties of America Inc., the former Inland Western Retail Real Estate Trust Inc., has filed to sell up to 36.6 million common shares at a price of $10-$12 apiece. The initial public offering of common shares is...

Commercial Real Estate Direct Staff Report The volume of CMBS loans that are more than 30-days late with their payments declined sharply, to $57.4 billion in February from $59.1 billion a month earlier, according to Morningstar. That marks...

Commercial Real Estate Direct Staff Report The United States hotel industry is in the midst of what could be a six-year recovery period, and this year could see a 5.8 percent increase in revenue per available room, or...

Four seasoned commercial mortgage executives, Harold E. (Hal) Holliday, John T. Fenoglio, David M. Aaronson and James M. Richards Jr., have left Grandbridge Real Estate Capital and joined CBRE as executive vice presidents. The four, who among them...

Joseph F. Coradino has been named chief executive of Pennsylvania REIT, commonly referred to as PREIT, effective June 7, succeeding Ronald Rubin. Rubin, who is 80 years old, will serve as executive chairman. Rubin has served as chief...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating Morningstar Final Pricing (bp) Bnch mark A-1 287.63 14.875 3.52 Aaa AAA +37 swaps A-2 818.52 14.875 4.42 Aaa AAA +33 swaps B 63.35 10.00 4.62 A2...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating Morningstar Rating DBRS Final Pricing (bp) Bnch mark A-1 41.32 28.11 2.64 Aaa AAA AAA +160 swaps A-2FX 143.46 28.11 5.04 Aaa AAA AAA +200 swaps A-2FL...

Commercial Real Estate Direct Staff Report The General Services Administration has executed an option to pay $100 million, or $195.50/sf, for 2401 E St. NW, a 511,500-square-foot office building that has been fully occupied by the United States...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Fitch Rating Moody's Final Pricing (bp) Bnch mark A 114.49 8.41 6.5 BBB- Baa3 +310 swaps B 10.52 0.00 7.0 BB+ Ba1 +425 swaps *Notional amount, interest only Collateral...

KBS REIT III Inc. has agreed to pay $40 million, or about $228/sf, for the 175,262-square-foot McEwen Building in Franklin, Tenn. The Newport Beach, Calif., REIT, whose shares do not trade on any exchange, plans to fund the...

Commercial Real Estate Direct Staff Report Less than two years after a venture of Glimcher Realty Trust and Blackstone Group bought the Pearlridge Center near Honolulu, Glimcher has agreed to buy Blackstone's 80 percent stake. The Columbus, Ohio,...

A venture led by Waterman Interests is offering for sale 130 Prince St., a 77,000-square-foot office/retail building in Manhattan's Soho area, according to Crain's New York Business. The property backs $70 million of debt, which is securitized through...

Inland Diversified Real Estate Trust Inc. has paid $38.5 million, or $110.41/sf, for the Shoppes at Branson Hills, a 348,700-square-foot retail property in Branson, Mo. The Oak Brook, Ill., REIT, whose shares do not trade on any exchange,...

Commercial Real Estate Direct Staff Report American Realty Capital New York Recovery REIT Inc. has struck a deal to buy a total of 60,810 square feet of space in Brooklyn, N.Y., for $36.7 million, or $603.52/sf. The REIT,...

Berkeley Point Capital, the former Deutsche Bank Berkshire Mortgage, has provided $54.8 million of financing under Fannie Mae's Delegated Underwriting and Servicing program for the 554-unit LaSalle Apartments in Beaverton, Ore. The Bethesda, Md., mortgage bank is owned...

Andy Taylor, the head of CMBS trading at JPMorgan Securities, has been moved to run the bank's loan-trading book, according to a report by Bloomberg. In addition, a number of traders and salesmen at the bank's residential MBS...

The following story has been edited to clarify that the transaction took place late last year. Commercial Real Estate Direct Staff Report The sale by Hometown America Corp. of 16 manufactured-housing properties to American Manufactured Communities REIT resulted...

Commercial Real Estate Direct Staff Report MPG Office Trust Inc. expects to turn over two Brea, Calif., office campuses that back $109 million of debt to its lender. The properties, Brea Corporate Place, which backs $70.47 million of...

Summit Management Services Inc. has paid $29.9 million, or $115,521/unit, for Arbors at Sweetgrass, a 259-unit apartment property in Fort Collins, Colo. The Akron, Ohio, company bought the 25-year-old property from Hamilton Zanze & Co. of San Francisco....

Commercial Real Estate Direct Staff Report Bank of America has modified the terms of a $50.1 million bridge loan it had provided last year to fund the acquisition of the 409,749-square-foot Landstown Commons shopping center in Virginia Beach,...

Commercial Real Estate Direct Staff Report The $70.5 million of CMBS debt against the Stratford Square Mall, a 1.3 million-square-foot retail property in suburban Chicago, has been transferred to special servicing. The debt, securitized through JPMorgan Chase Commercial...

Commercial Real Estate Direct Staff Report Interwest Capital Corp. has paid $17.2 million, or $57,333/unit, for the Camino Del Sol Apartments, a 300-unit complex in the Dallas suburb of Denton, Texas. The San Diego opportunistic investor, which pursues...

Commercial Real Estate Direct Staff Report BGC Partners will have to come up with new offers to retain top-performing brokers from Grubb & Ellis if it prevails in its proposed acquisition of the bankrupt real estate services company....

KBS Strategic Opportunity REIT Inc. has agreed to pay $35 million for a nonperforming mortgage against Eleven80, a 317-unit apartment property at 1180 Raymond Blvd. in Newark, N.J. The Newport Beach, Calif., REIT, whose shares do not trade...