ClassAmt$mlnAvgLife (yrs)RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA516.1213.79AAAAAAAaa+33swapsB25.9013.98AA+AA+NR+36swapsC24.1013.98AAAANR+38swapsX566.12*13.58AAAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $566.12 millionBookrunner(s): Lehman Brothers, UBSLead Managers: Lehman Brothers, UBS, Deutsche BankMaster Servicer: Wachovia BankSpecial Servicer: Wachovia BankTrustee: LaSalle BankOriginators: UBSNumber of Loans/Properties: 1/1Property Types: office (100 percent)Largest Loans: $566.12 million...

Citigroup has provided $97 million of financing for the Great Wolf Lodge resort, a 401-room hotel in Pennsylvania's Pocono Mountain region that includes a 91,000-square-foot indoor entertainment area with a massive waterpark.The 10-year mortgage pays a rate of...

Biomed Realty Trust has paid $20.3 million for 4215 Sorrento Valley Boulevard, a 55,000-square-foot laboratory building in San Diego.Biomed, a San Diego REIT, purchased the property from Chesnut Properties, which is also based in San Diego and had...

A venture led by Crescent Real Estate Equities Co. has sold Three Westlake Park, a 414,792-square-foot office property in Houston for $87.3 million.Crescent had owned the property with GE Pension Trust, which in 2002 had acquired an 80...

Americold Realty Trust, an owner of refrigerated warehouses, has lined up $1.05 billion of financing with a coupon of 5.45 percent.The financing, in three equal tranches with maturities of seven, nine and 10 years. It allows Americold to...

Commercial Real Estate Direct Staff ReportThe $50 billion Pennsylvania State Employees Retirement System has committed an additional $125 million to real estate investment funds.It committed up to $100 million to Heitman America Real Estate Trust, managed by Heitman...

Commercial Real Estate Direct Staff ReportCharleston Towers, a 337,489-square-foot power center in Las Vegas, was the largest property in a portfolio that Barclay's Realty & Management Co. recently sold for $412.1 million. It is also the only power...

This year the REIT industry has seen 22 mergers and acquisitions with a value totaling $102.8 billion, according to SNL Financial.The Charlottesville, Va., research company says that compares with 11 deals totaling $28.8 billion last year and $92...

Northview Realty Group Inc. has agreed to pay $29 million for Lake Forest Apartments, a 312-unit apartment complex in Omaha, Neb.The Montreal real estate firm is acquiring the property from affiliates of Apartment Investment Management Co. of Denver,...

Bear Stearns has provided $100 million of financing for 1325 G Street, a 306,563-square-foot office building in Washington, D.C.The investment bank provided the financing to Behringer Harvard REIT I Inc., which last year purchased the 10-story office building...

DiamondRock Hospitality Co. has lined up $180 million of long-term financing from Goldman Sachs and Merrill Lynch, allowing it to sew up the $237.5 million purchase of the Renaissance Waverly Atlanta hotel and the Renaissance Austin hotel from a...

By Jeff Mordock, Commercial Real Estate Direct Staff WriterKensington Realty Advisors is offering for sale a portfolio of three suburban Detroit industrial properties totaling 352,132 square feet.The Chicago real estate firm has tapped Signature Associates, a Southfield, Mich.,...

A Boston investment group has paid $39.5 million for Estates on Maryland, a 330-unit apartment complex in downtown Phoenix.The group, which is operating as CPR-2 Acquisitions purchased the property from the Laramar Group of Greenwood Village, Colo. Laramar...

Commercial Real Estate Direct Staff ReportCabot Investments has paid $64.39 million for a 632,107-square-foot office building in Windsor, Conn.The building, known as the Addison Corporate Center, is 95 percent leased to tenants that include Bank of America, Genworth...

Standard & Poor's has downgraded two classes of LB-UBS Commercial Mortgage Trust, 2000-C5, because of interest shortfalls and the expected losses from loans in special servicing.So far, the transaction has seen $17.1 million of losses from the resolution...

Commercial Real Estate Direct Staff ReportMoody's Investors Service has upgraded 110 bond classes from 44 CMBS transactions as a result of its quarterly review of deals using its Q-Tool quantitative analysis.The rating agency last August adopted a six-filter...

By Jeff Mordock, Commercial Real Estate Direct Staff WriterKBS Realty Advisor has purchased City View, a 216,858-square-foot office building in downtown San Antonio. The Newport Beach, Calif., real estate firm purchased the 10-story from GE Asset Management, which...

Commercial Real Estate Direct Staff ReportCornerstone Core Properties, a non-traded REIT focused on industrial property, has acquired two Los Angeles area properties for $30.9 million.The company, based in Irvine, Calif., began business as a REIT in late 2005...

Moody's Investors Service has downgraded six classes of JPMorgan Chase Commercial Mortgage Securities Corp., 2004-CIBC8, because of potential losses from a large loan that is in special servicing.The transaction's balance is $1.2 billion, compared with $1.3 billion at...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-1114.7030.003.39AAAAAA+15swapsA-1A297.4030.00NAAAAAAANAswapsA-2170.7030.004.95AAAAAA+19swapsA-368.9030.006.82AAAAAA+28swapsA-AB125.0530.007.19AAAAAA+24swapsA-4950.9430.009.78AAAAAA+24swapsA-M246.8220.009.89AAAAAA+28swapsA-J222.1311.009.97AAAAAA+31swapsB46.289.1259.98AAAA+37swapsC24.688.1259.98AA-AA-+41swapsD37.026.6259.98AA+45swapsE21.605.759.98A-A-+50swapsF24.684.759.98BBB+BBB++67swapsG24.683.759.98BBBBBB+75swapsH24.682.759.98BBB-BBB-+95swapsJ9.262.3759.98BB+BB+ swapsK6.172.1259.98BBBB swapsL9.261.7510.01BB-BB- swapsM3.091.62510.06B+B+ swapsN6.171.37511.52BB swapsO6.171.12513.56B-B- swapsP27.770.0014.19NRNR swapsX-11,234.10*NA8.96AAAAAA+175TreasX-21,207.30*NA5.58AAAAAA+75Treas*Notional amount, interest onlyCollateral balance: $2,468.14 millionBookrunner(s): Bear Stearns, Morgan StanleyLead Managers: Bear Stearns, Morgan StanleyB-piece Buyer: ARCapMaster Servicer: Wells Fargo (76.9 percent of pool), Prudential Asset Resources (23.1 percent)Special Servicer: ARCap Servicing Inc.Trustee: LaSalle...

Ron Halpern, the former president and chief operating officer of Deutsche Bank Berkshire Mortgage, has joined CB Richard Ellis' multi-housing group as managing director.The move reunites Halpern with Peter Donovan, to whom he will report. Donovan was the...

Commercial Real Estate Direct Staff ReportNorthern Virginia developer Carl D. Silver sold a 194-room, full-service hotel in Fredericksburg, Va., for $16.25 million. The property, a Holiday Inn Select, was acquired by 1859 Historic Hotels of Galveston, Texas. Donohue...

Apple REIT Seven Inc. has terminated its agreement to purchase two hotels totaling 222 rooms for $21.5 million.The Richmond, Va., REIT had agreed in October to purchase the properties as part of a 1,757-room hotel portfolio it was...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionPrudential Mortgage Capital Co. II, PRU-HTG 2000-C1230.5243.9D27.1AaaAa2Full defeasance of collateral---E27.1AaaA3----F8.5AaaBaa1-Wachovia Bank Commercial Mortgage Trust, 2005-WHALE6331.21,300.0B38.3AaaAa1Increased subordination---C35.5AaaAa2----D30.1AaaAa3----E27.3AaaA1----F24.6Aa1A2----G24.6Aa3A3----H24.6A3Baa1-JPMorgan Chase Commercial Mortgage Securities Corp., 2003-CIBC71,400.01,470.0FS-113.2Aa2A1Improved performance of Forum Shops---FS-213.1Aa3A2----FS-313.0A1A3----FS-444.5A3Baa2-JPMorgan Chase Commercial Mortgage Securities Corp., 2004-C1948.41,000.0B27.4Aa1Aa2Increased...

The Koffler Group has paid $24.5 million, about $119/sf, for a portfolio of five buildings totaling 205,000 square feet in the Boston suburb of Milford, Mass.The Providence, R.I., firm led by developer Chris Nisley acquired the portfolio from...