Andrea Ascher has joined Proskauer Rose as partner in its New York office and will focus on domestic and global real estate finance and construction lending. Ascher joins the law firm from Cadwalader, Wickersham & Taft. She also...

Apollo Real Estate Advisors is said to have paid just under $40 million for 444 De Haro, a 140,178-square-foot office building in San Francisco. As reported, Apollo's Value Enhancement Fund VI purchased the property from a venture between...

Fitch Ratings has downgraded the CMBS primary servicing rating of Washington Mutual Bank to CPS3+ from CPS2-, citing the bank's "very high employee and management turnover rates." WaMu, as the bank is more commonly referred to, services 1,667...

Fitch Ratings has downgraded the $4.8 million class J of GE Capital Commercial Mortgage Corp., 2000-1, to C from CC because of expected losses. In addition, the rating agency downgraded the distressed recovery rating of the class to...

Sonnenblick-Eichner Co. has arranged $212.5 million of construction financing for the St. Regis Resort & Residences Deer Crest, a proposed hotel and lavish condo complex at the base of Deer Valley Ski Area in Deer Valley, Utah. The...

A venture led by ING Clarion Partners has paid $18.3 million for a 68,832-square-foot medical office building near Houston. The venture with Montecito Medical Co. acquired the Conroe Medical Arts and Surgical Plaza, at 1501 River Pointe in...

An affiliate of WCF Development has paid $40 million for the Almeda Mall, a 782,353-square-foot retail property in Houston, Texas. The Houston firm purchased the property from Glimcher Realty Trust, a Columbus, Ohio, REIT, that marketed it through...

Commercial Real Estate Direct Staff Report The volume of delinquent CMBS fell in June to $2.27 billion from $2.4 billion a month earlier, according to Realpoint. The reduction in volume was due in large part to the liquidation...

Brandywine Realty Trust has paid $96.3 million for The Boulders Office Park, a 508,607-square-foot office building in Richmond, Va. The Malvern, Pa., REIT purchased the five-building property from SugarOak Properties of Herndon, Va., which marketed it through HFF...

Cornerstone Real Estate Advisors has paid $58 million for The Lakes, a 174,065-square-foot office complex in West Covina, Calif. The firm purchased the two-building complex on behalf of a Los Angeles pension fund from Ten West Associates, a...

  Class Amt$mln SubLevel% AvgLife (yrs) RatingS&P RatingFitch FinalPricing (bp) Bnchmark A-1 40.00 30.00 4.10 AAA AAA +22 swaps A-1A 366.00 30.00 NA AAA AAA NA swaps A-2 289.10 30.00 4.78 AAA AAA +38.5 swaps A2-FL 395.00 30.00...

  This transaction priced on July 25. Class Amt$mln SubLevel% AvgLife (yrs) RatingS&P RatingFitch FinalPricing (bp) Bnchmark A-1 155.00 30.00 3.68 AAA AAA +22 swaps A-1A 488.93 30.00 9.23 AAA AAA NA swaps A-2 259.00 30.00 4.90 AAA...

The Bethany Group has lined up $156.6 million of financing for a 1,559-unit apartment portfolio located throughout the Southeastern United States. The Irvine, Calif., investor received the financing from GE Real Estate. The fixed-rate debt package consists of...

Cammeby's International Ltd. has paid $135 million for Lynnewood Gardens, a 1,798-unit apartment complex in the Philadelphia suburb of Elkins Park, Pa. The New York firm purchased the property from an undisclosed seller, which marketed the complex through...

The Sycamore Creek Research Park, an 80,123-square-foot office/research property in San Diego, has sold for $23.7 million. A private investor purchased the three-building property from an entity operating as Sorrento Business & Science Center LLC. Grubb & Ellis...

  This transaction priced on July 24. Class Amt$mln SubLevel% AvgLife (yrs) RatingS&P RatingFitch RatingMoody's FinalPricing (bp) Bnchmark A-1 521.30 56.77 1.3 AAA AAA Aaa +18 Libor A-2 100.00 48.48 1.6 AAA AAA Aaa +23 Libor A-3 207.00...

Commercial Real Estate Direct Staff Report IStar Financial has sold a minority stake in Detroit's Comerica Tower office building to investment manager Mayfield Gentry Realty Advisors. IStar acquired the 941,354-square-foot building at One Detroit Center three months ago...

Triple Net Properties has purchased the Sugar Land Medical Center, an 80,000-square-foot medical office building in the Houston suburb of Sugar Land, Texas. A sales price was not disclosed. The Santa Ana, Calif., firm purchased the three-story building...

A portfolio of suburban Los Angeles apartment properties totaling 304 units is on the sales block for $60.5 million. An undisclosed seller has tapped Marcus & Millichap to market the five-property portfolio. It consists of three properties in...

Bayrock Group has purchased an increased stake in Midtown Miami, a 4 million-square-foot mixed-use complex in Miami. The New York firm bought out the partnership interest of Samuel Development, one of the three firms constructing the project. The...

SVN Equities has paid $60.6 million for 1 million square feet of industrial space in Norcross, Ga. The Irvine, Calif., real estate firm acquired the 19-building portfolio from General Investment & Development Cos. Colliers Spectrum Cauble represented both...

Davis Homes is offering for sale Harrison Place, a 307-unit apartment complex in Indianapolis. The Indianapolis firm has tapped Marcus & Millichap to market the complex. It carries an asking price of $22.5 million, or $73,290/unit. Davis is...

CT Realty Corp. has paid $11.5 million for a 44,790-square-foot office building in Laguna Hill, Calif. The Newport Beach, Calif., company bought the two-story office building on behalf of its CT California Fund V from a division of...

A venture between Westport Point Capital and Prudential Real Estate will pay $60 million for Two Oliver St., a 220,000-square-foot office property in downtown Boston. The Boston firm is purchasing the building from J.E. Robert Cos. of McLean,...

Lagovent Real Estate Group has paid $15.1 million for the Vistas at Fort Worth, a 265-unit apartment complex in Fort Worth, Texas. The Los Angeles firm purchased the property from Tarragon Realty Inc. of New York. Vistas at...