ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-162.1830.002.57AAAAaa+10swapsA-1A1,155.6530.008.14AAAAaaNAswapsA-2915.6130.004.86AAAAaa+27swapsA-2FL70.0030.004.86AAAAaa+14LiborA-3283.0430.007.46AAAAaa+39swapsA-41,179.6330.009.72AAAAaa+30.5swapsA-SB123.7930.007.11AAAAaa+28.5swapsA-M541.4220.009.92AAAAaa+34.5swapsA-J426.3712.1259.94AAAAaa+41swapsB33.8411.509.94AA+Aa1+47swapsC81.2110.009.94AAAa2+53swapsD54.149.009.94AA-Aa3+61swapsE27.078.509.94A+A1+67swapsF47.377.6259.94AA2+77swapsG54.146.6259.94A-A3+91swapsH67.685.3759.94BBB+Baa1+130swapsJ47.374.509.98BBBBaa2+170swapsK74.453.12510.03BBB-Baa3+250swapsL20.302.75NABB+Ba1NATreasM13.542.50NABBBa2NATreasN20.302.125NABB-Ba3NATreasP6.782.00NAB+B1NATreasQ13.541.75NABB2NATreasT20.301.375NAB-B3NATreasNR74.44NANANRNRNATreas*Notional amount, interest onlyCollateral balance: $5,414.15 millionBookrunner(s): JPMorgan SecuritiesLead Managers: JPMorgan Securities, UBS Investment BankCo-managers: Commerzbank, Natixis SecuritiesB-piece Buyer: American Capital StrategiesMaster Servicer: Wachovia BankSpecial Servicer: CWCapitalTrustee: LaSalle BankOriginators: UBS (36.2 percent), JPMorgan Chase (24...
Redwood Trust has circled another CMBS B-piece.The Mill Valley, Calif., mortgage REIT, which earlier this year purchased the subordinate bonds of LB-UBS Commercial Mortgage Trust, 2007-C2, is buying the junior bonds of the next deal under that shelf,...
Investcorp is offering for sale a 1.1 million-square-foot portfolio of Northeast office properties.The portfolio consists of five buildings in suburban Philadelphia, two in Connecticut, and one in northern New Jersey. It could command as much as $300 million....
Harold W. Pote, chief executive officer and president of American Financial Realty Trust, died this week. He was 60. "It is with profound sadness that we announce the passing of our friend and colleague, Hal Pote," said Lewis...
An affiliate of Fairfield Residential has paid $31.7 million for Augusta Ranch, a 238-unit apartment complex in Mesa, Ariz.The affiliate, which operates as FF Realty, purchased the property from a venture between Prime Group Inc. of Chicago and...
Greystar Real Estate Partners has paid $70.2 million for Saratoga Ridge Apartments, an 856-unit residential property in Phoenix. The Charleston, S.C., firm purchased the complex from a Los Angeles investment group operating as Repfund Terracina Apartments, which marketed it through...
Sterling Bay Cos. has agreed to pay $23 million for 300 W. Adams, a 252,000-square-foot building in Chicago's West Loop.The Chicago investor is purchasing the 12-story property from Sam Zell, the former Equity Office Properties chairman. The property...
First Real Estate Investment Trust has lined up $22 million of financing for Westridge Square, a 257,591-square-foot shopping center in Frederick, Md. The Hackensack, N.J., REIT received the financing from Nationwide Real Estate Investments. HFF Inc. arranged the...
Centerline Capital Group is considering putting together an investment vehicle that would pursue distressed commercial mortgages.The New York investment management firm's plans, first reported by Reuters, are in the very preliminary stages, according to a Centerline spokeswoman. The...
Commercial Real Estate Direct ReportIstithmar has reinforced the long-suspected sense that it is withdrawing from investing in Manhattan real estate.The Dubai investment firm plans to pursue more assets in other United States cities as well as in Asia...
Greystar Real Estate Partners has paid $70.2 million for Saratoga Ridge Apartments, an 856-unit residential property in Phoenix. The Charleston, S.C., firm purchased the complex from a Los Angeles investment group operating as Repfund Terracina Apartments, which marketed it through...
An affiliate of Fairfield Residential has paid $31.7 million for Augusta Ranch, a 238-unit apartment complex in Mesa, Ariz.The affiliate, which operates as FF Realty, purchased the property from a venture between Prime Group Inc. of Chicago and...
First Real Estate Investment Trust has lined up $22 million of financing for Westridge Square, a 257,591-square-foot shopping center in Frederick, Md. The Hackensack, N.J., REIT received the financing from Nationwide Real Estate Investments. HFF Inc. arranged the...
Sterling Bay Cos. has agreed to pay $23 million for 300 W. Adams, a 252,000-square-foot building in Chicago's West Loop.The Chicago investor is purchasing the 12-story property from Sam Zell, the former Equity Office Properties chairman. The property...
Centerline Capital Group is considering putting together an investment vehicle that would pursue distressed commercial mortgages.The New York investment management firm's plans, first reported by Reuters, are in the very preliminary stages, according to a Centerline spokeswoman. The...
Commercial Real Estate Direct ReportIstithmar has reinforced the long-suspected sense that it is withdrawing from investing in Manhattan real estate.The Dubai investment firm plans to pursue more assets in other United States cities as well as in Asia...
A private group has paid $32 million for the Town Homes at Orange Grove Circle, a 64-unit residential property in Pasadena, Calif.The group, which is operating as Orange Grove Circle Communities LLC, purchased the property from a venture...
Vornado Realty Trust has agreed to pay $351 million for a portfolio of 15 shopping centers in northern New Jersey and on New York's Long Island with 1.9 million square feet.The Paramus, N.J., REIT did not identify the...
A private group has paid $32 million for the Town Homes at Orange Grove Circle, a 64-unit residential property in Pasadena, Calif.The group, which is operating as Orange Grove Circle Communities LLC, purchased the property from a venture...
Hines REIT has paid $57 million for the Seattle Design Center, a 390,684-square-foot office and retail complex in Seattle.The Houston firm is purchasing the two-building property from Bay West, a Seattle developer that has owned it since 1999....
Vornado Realty Trust has agreed to pay $351 million for a portfolio of 15 shopping centers in northern New Jersey and on New York's Long Island with 1.9 million square feet.The Paramus, N.J., REIT did not identify the...
Hines REIT has paid $57 million for the Seattle Design Center, a 390,684-square-foot office and retail complex in Seattle.The Houston firm is purchasing the two-building property from Bay West, a Seattle developer that has owned it since 1999....
Heritage Capital Group has paid $22 million for 900 Route 9 North, a 112,568-square-foot office building in Woodbridge, N.J.The acquisition, from Ivy Equities, is the first for Heritage, a recently formed investment management outfit based in Ridgefield, N.J....
An affiliate of Colony Capital has paid $18.5 million for the Atrium at Chesterfield, a 119,950-square-foot building in the St. Louis suburb of Chesterfield, Mo.Colony's CRP-2 Acquisitions purchased the property from Panattoni Development Co. of Sacramento, Calif., which...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-125.7130.003.04AAAAaa+18swapsA-1A443.2030.008.59AAAAaaNAswapsA-2946.3830.004.90AAAAaa+25swapsA-PB62.8330.007.29AAAAaa+28swapsA-3948.5930.009.83AAAAaa+28swapsA-M382.3920.00 AAAAaaNAswapsA-J253.3313.3759.96AAAAaa+36swapsB43.0212.259.96AA+Aa1+46swapsC47.8011.009.96AAAa2+49swapsD28.6810.259.96AA-Aa3+56swapsE28.689.509.96A+A1+62swapsF38.248.509.96AA2+80swapsG43.027.3759.96A-A3+85swapsH47.806.1259.96BBB+Baa1+140swapsJ52.584.7510.06BBBBaa2+180swapsK33.463.87510.30BBB-Baa3+260swapsL19.123.375NABB+Ba1NATreasM9.563.125NABBBa2NATreasN14.342.75NABB-Ba3NATreasO9.562.50NAB+B1NATreasP9.562.25NABB2NATreasQ9.562.00NAB-B3NATreasS76.480.00NANRNRNATreasIO3,823.85*NANAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $3,857.15 millionBookrunner(s): Wachovia SecuritiesLead Managers: Wachovia SecuritiesCo-managers: Barclays Capital, Goldman SachsB-piece Buyer: American Capital StrategiesMaster Servicer: Wachovia BankSpecial Servicer: CWCapitalTrustee: Wells Fargo BankOriginators: Wachovai Bank (97.9 percent), Artesia Mortgage Capital...
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© 2020 Commercial Real Estate Direct All rights reserved.