Commercial Real Estate Direct

UBS has provided $56.5 million of financing for Westview Center, a 605,711-square-foot retail property in Catonsville, Md., just outside of Baltimore.The financing has a 10-year term and requires interest payments only for its entire term. It was arranged...

FINAL PRICING: $4.1Bln Merrill Lynch Mortgage Trust, 2007-C1

ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-157.0430.002.92AAAAAA+16swapsA-1A1,296.7330.008.85AAAAAANAswapsA-2298.9230.004.82AAAAAA+45swapsA-2FL200.0030.004.82AAAAAA+31LiborA-3322.2230.007.01AAAAAA+57swapsA-3FL130.0030.007.01AAAAAA+47LiborA-SB90.3430.007.44AAAAAA+62swapsA-4442.2130.009.78AAAAAA+57swapsA-M405.0220.009.87AAAAAA+63swapsA-J134.1411.759.91AAAAAA+74swapsA-JFL200.0011.759.91AAAAAA+66LiborB86.079.6259.91AAAA+90swapsC40.508.6259.91AA-AA-+100swapsD45.577.509.91AA+115swapsE45.576.3759.97A-A-+135swapsF50.635.1259.99BBB+BBB++230swapsG40.504.1259.99BBBBBB+250swapsH40.503.12510.01BBB-BBB-NAswapsJ15.292.7510.16BB+BB+NATreasK15.292.37510.93BBBBNATreasL10.192.12510.93BB-BB-NATreasM10.191.87510.93B+B+NATreasN10.191.62510.93BBNATreasP5.101.5010.93B-B-NATreasQ61.160.0011.36NRNRNATreasX4,050.25*NANAAAAAAANATreas*Notional amount, interest onlyCollateral balance: $4,050.25 millionBookrunner(s): Merrill LynchLead Managers: Merrill LynchCo-managers: Goldman Sachs, Morgan StanleyB-piece Buyer: Centerline REITMaster Servicer: KeyCorp Real Estate Capital Markets; Wells FargoSpecial Servicer: Centerline ServicingTrustee: US BankOriginators: Merrill Lynch (43.9...

American Realty Advisors Pays $38.5Mln for Maryland Retail Property

American Realty Advisors has paid $38.5 million for the Waldorf Marketplace II, a 153,357-square-foot retail center in Waldorf, Md.The Glendale, Calif., real estate firm purchased the property from Faison Enterprises of Charlotte, N.C. Faison developed the property, which...

Pru, Dow Buy Suburban Chicago Hotel

A joint venture between Prudential Real Estate Investors and the Dow Hotel Co. has purchased the Doubletree Hotel Chicago-O'Hare, a 369-room hotel in Rosemont, Ill. The venture purchased the property from an affiliate of Lowe Enterprises, which acquired...

UBS Lends $56.5Mln for Md. Retail Center

UBS has provided $56.5 million of financing for Westview Center, a 605,711-square-foot retail property in Catonsville, Md., just outside of Baltimore.The financing has a 10-year term and requires interest payments only for its entire term. It was arranged...

FINAL PRICING: $4.1Bln Merrill Lynch Mortgage Trust, 2007-C1

ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-157.0430.002.92AAAAAA+16swapsA-1A1,296.7330.008.85AAAAAANAswapsA-2298.9230.004.82AAAAAA+45swapsA-2FL200.0030.004.82AAAAAA+31LiborA-3322.2230.007.01AAAAAA+57swapsA-3FL130.0030.007.01AAAAAA+47LiborA-SB90.3430.007.44AAAAAA+62swapsA-4442.2130.009.78AAAAAA+57swapsA-M405.0220.009.87AAAAAA+63swapsA-J134.1411.759.91AAAAAA+74swapsA-JFL200.0011.759.91AAAAAA+66LiborB86.079.6259.91AAAA+90swapsC40.508.6259.91AA-AA-+100swapsD45.577.509.91AA+115swapsE45.576.3759.97A-A-+135swapsF50.635.1259.99BBB+BBB++230swapsG40.504.1259.99BBBBBB+250swapsH40.503.12510.01BBB-BBB-NAswapsJ15.292.7510.16BB+BB+NATreasK15.292.37510.93BBBBNATreasL10.192.12510.93BB-BB-NATreasM10.191.87510.93B+B+NATreasN10.191.62510.93BBNATreasP5.101.5010.93B-B-NATreasQ61.160.0011.36NRNRNATreasX4,050.25*NANAAAAAAANATreas*Notional amount, interest onlyCollateral balance: $4,050.25 millionBookrunner(s): Merrill LynchLead Managers: Merrill LynchCo-managers: Goldman Sachs, Morgan StanleyB-piece Buyer: Centerline REITMaster Servicer: KeyCorp Real Estate Capital Markets; Wells FargoSpecial Servicer: Centerline ServicingTrustee: US BankOriginators: Merrill Lynch (43.9...

American Realty Advisors Pays $38.5Mln for Maryland Retail Property

American Realty Advisors has paid $38.5 million for the Waldorf Marketplace II, a 153,357-square-foot retail center in Waldorf, Md.The Glendale, Calif., real estate firm purchased the property from Faison Enterprises of Charlotte, N.C. Faison developed the property, which...

Pru, Dow Buy Suburban Chicago Hotel

A joint venture between Prudential Real Estate Investors and the Dow Hotel Co. has purchased the Doubletree Hotel Chicago-O'Hare, a 369-room hotel in Rosemont, Ill. The venture purchased the property from an affiliate of Lowe Enterprises, which acquired...

Andrea Ascher Joins Proskauer

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...

Fitch Downgrades WaMu’s Primary Servicing Rating

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 CMBS...

Fitch Downgrades 1 Class, Upgrades 1 of GE 2000-1

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 DR5,...

Apollo Paid $40Mln for San Francisco Office

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 Divco...

Sonnenblick-Eichner Arranges $212.5Mln of Financing for Condo Resort

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 Los...

Fitch Downgrades WaMu’s Primary Servicing Rating

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 CMBS...

Apollo Paid $40Mln for San Francisco Office

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 Divco...

Andrea Ascher Joins Proskauer

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...

Sonnenblick-Eichner Arranges $212.5Mln of Financing for Condo Resort

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 Los...

Fitch Downgrades 1 Class, Upgrades 1 of GE 2000-1

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 DR5,...

ING Venture Pays $18.3Mln for Houston-Area Medical Office

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 Conroe,...

Glimcher Sells Houston Mall for $40Mln

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 Eastdil...

FINAL PRICING: $1.5Bln Credit Suisse Mortgage Securities Corp., 2007-TFL2

This transaction priced on July 24.ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-1521.3056.771.3AAAAAAAaa+18LiborA-2100.0048.481.6AAAAAAAaa+23LiborA-3207.0031.321.7AAAAAAAaa+27LiborB45.7027.531.7AA+AA+Aa1+35LiborC42.6024.001.7AAAAAa2+45LiborD33.5021.221.7AA-AA-Aa3+65LiborE36.6018.181.7A+A+A1+70LiborF36.5015.161.7AAA2+85LiborG33.5012.381.7A-A-A3+90LiborH39.609.101.7BBB+BBB+Baa1+100LiborJ36.606.061.8BBBBBBBaa2+130LiborK39.602.782.2BBB-BBB-Baa3+170LiborL33.470.002.7BBB-BBB-Ba1+210LiborCSP-A1101.00NA1.6AAAAAAAaa+25LiborCSP-A233.60NA1.7AAAAAAAaa+32LiborCSP-B10.60NA1.7AA+AA+Aa1+40LiborCSP-C11.50NA1.7AAAAAa2+50LiborCSP-D9.90NA1.7AA-AA-Aa3+60LiborCSP-E10.00NA1.7A+A+A1+75LiborCSP-F9.70NA1.7AAA2+95LiborCSP-G19.90NA1.7BBB+BBB+Baa1+110LiborCSP-H9.90NA1.7BBBBBBBaa2+140LiborCSP-J15.90NA1.7BBB-BBB-Baa3+165LiborCSP-K18.00NA1.7BB+BB+Ba1+200LiborBSL-A8.90NA1.4NRAA-Aa3+65LiborBSL-B9.00NA1.4NRA+A1+75LiborBSL-C8.90NA1.4NRAA2+85LiborBSL-D8.90NA1.4NRA-A3+90LiborBSL-E7.90NA1.4NRBBB+Baa1+115LiborBSL-F9.90NA1.4NRBBBBaa2+130Libor*Notional amount, interest onlyCollateral balance: $1,509.47 millionBookrunner(s): Credit SuisseLead Managers: Credit SuisseMaster Servicer: KeyCorp Real Estate Capital MarketsSpecial Servicer: KeyCorp Real Estate Capital MarketsTrustee: Wells Fargo BankOriginators: Credit Suisse (100...

GE Lends $156Mln for Apartment Portfolio

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 an...

Brandywine Pays $96.3Mln for Richmond, Va., Offices

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 Inc.,...

FINAL PRICING: $2Bln Morgan Stanley Capital I Inc., 2007-HQ12