The Gardner Tanebaum Group is offering for sale 1.9 million square feet of office and industrial space in Oklahoma for $135 million. The Oklahoma City developer has tapped Sperry Van Ness to market the 21-building portfolio, which will...

Carlton Group has formed a venture with Stanley and Partners, a Shanghai investment bank, further broadening its ability to tap overseas investors. Stanley and Partners focuses on arranging structured-equity finance, investment sales and private placements for real estate...

  Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln Moody'sNewRating Moody'sOldRating Reason for Rating Action Washington Mutual Asset Securities Corp., 2003-C1 209.6 571.9 E 2.9 Aaa Aa1 Increased subordination - - - F 4.3 Aaa Aa3 - -...

Hines REIT has completed its $120 million purchase of the Raytheon/DirecTV buildings in El Segundo, Calif. The Houston REIT bought the buildings, which have 550,579 square feet from Newkirk Segair LP, an affiliate of Lexington Realty Trust. It...

Westcore Properties has paid $24.75 million for 6800 Solectron Drive, a 455,750-square-foot manufacturing building in Charlotte, N.C. The San Diego company purchased the property from Flextronics International, a provider of engineering, design and manufacturing services, which will continue...

Hines REIT has agreed to pay $271.5 million for Williams Tower, a 1.5 million-square-foot office building at 2800 Post Oak Blvd. in Houston. The Houston REIT is buying the property from Transco Tower Ltd., which according to a...

  Class Amt$mln SubLevel% AvgLife (yrs) RatingS&P RatingMoody's FinalPricing (bp) Bnchmark A-1 1,017.74 49.1 1.3 AAA Aaa +225 Libor A-2 339.25 32.2 1.3 AAA Aaa +265 Libor A-3 81.42 28.1 1.3 AAA Aa1 NA Libor A-4 53.97 25.4...

Lamar Cos. has paid $21 million for Covington Plaza, a 199,071-square-foot retail property in Fort Wayne, Ind. The Morristown, N.J., firm acquired the property from Peter Bobeck, a Fort Wayne investor in a deal brokered by Marcus &...

By Jeff Mordock, Commercial Real Estate Direct Staff Writer JLT Group is offering for sale the Tritech Office Center, a 115,434-square-foot office building in Minneapolis. The St. Paul, Minn., firm has tapped Marcus & Millichap to sell the...

By Jeff Mordock, Commercial Real Estate Direct Staff Writer Transwestern is offering for sale 387 Shuman Blvd., a 112,309-square-foot office building in Naperville, Ill. The Chicago investor is marketing the three-story building without a broker and expects it...

GE Capital and ING USA Annuity and Life Insurance Co. have committed to provide a total of $188 million for the office portion of Chicago's IBM Plaza at 330 N. Wabash Ave. Their financing would retire $195 million...

A venture led by Michael W. Reschke has lined up $271.6 million of financing for the redevelopment of 208 South LaSalle St., an 865,655-square-foot office building in downtown Chicago. Reschke had acquired the historic landmark from Prime Group...

KeyBank Real Estate Capital has committed to provide $200 million of financing under a Fannie Mae program for a portfolio of student-housing properties. The lender provided the financing, under a Fannie-structured credit facility, to Campus Apartments, a Philadelphia...

Capmark Finance Inc. has provided $55 million of supplemental financing under a Freddie Mac program for a pair of apartment properties with 1,265 units in Aliso Viejo, Calif., which is midway between Los Angeles and San Diego. The...

BRT Realty Trust said it has acquired a 308-unit apartment complex in Chattanooga, Tenn., that served as collateral for a $25.7 million mortgage the Great Neck, N.Y., mortgage REIT had provided. The company said it acquired the property...

DebtX has started marketing for sale a $380 million portfolio of mixed-quality commercial mortgages and land-development loans on behalf of a commercial bank. The Boston loan-sales advisory firm has divided the portfolio, which is comprised of some 500...

  Deal Name CurrentPoolBal. $mln Orig.PoolBal $mln Class Size$mln Moody'sNewRating Moody'sOldRating Reason for Rating Action GMAC Commercial Mortgage Securities Inc., 2003-C3 1,330.0 1,430.0 D 30.0 Aa3 A1 Increased subordination; defeasance (18.4 percent of pool). - - - E...

Commercial Real Estate Direct Staff Report The next iteration of the CMBX index will be rolled out on April 25, as scheduled. Markit Group, which administers the index, last week announced that the next series of the indices...

Mark S. Ordan, the former chief executive and president of Mills Corp., has joined Sunrise Senior Living Inc. as chief investment and administrative officer. Ordan helped structure the sale of Mills to a venture of Simon Property Group...

Associated Estates Realty Corp. said it has sold 10 of its 11 wholly-owned affordable properties, with 995 units, to a regional buyer for a price resulting in a capitalization rate of 8.5 percent. The Cleveland REIT, which did...

Passco Cos. has paid $37 million for The Village at LionsGate, a 360-unit apartment complex in Overland Park, Kan. The Irvine, Calif., firm purchased the property from a Houston group operating as USA Lions Gate LeaseCo in a...

Centerline Capital Group has provided $80 million of financing under Fannie Mae's Delegated Underwriting and Servicing program for Citylights at Queens Landing, a 522-unit cooperative apartment building in Long Island City, N.Y. The financing, the largest DUS loan...

Capmark Finance Inc. has provided $50 million of Freddie Mac financing for Park Lane Residences, a 226-unit seniors-housing property in Monterey, Calif. The financing, arranged by Capmark's San Diego office, was provided to Pacifica Cos. It has a...

Centerline Capital Group has provided $80 million of financing under Fannie Mae's Delegated Underwriting and Servicing program for Citylights at Queens Landing, a 522-unit cooperative apartment building in Long Island City, N.Y. The financing, the largest DUS loan...

Falcon Real Estate Investment Co. has paid $42 million for University Pacific Centre, a 96,581-square-foot office building in San Diego. The New York investment manager acquired the four-story property on behalf of GEM University Pacific, an overseas investor,...