TA Associates Realty has paid $96 million for the Westview Corporate Center, a 450,000-square-foot office complex in Frederick, Md. The Boston investment manager purchased the five-building complex from a private seller operating as Westview LLP. Manekin LLC of...
KeyBank Real Estate Capital has provided $190.8 million of financing for Gulf Coast Town Center, a 1.2 million square-foot, mixed-use property in Fort Myers, Fla.A venture between the Richard E. Jacobs Group and CBL & Associates Properties received...
Inland American Real Estate Trust has purchased a portfolio of 158 bank branches with 993,926 square feet for $290 million. The Oak Brook, Ill., firm bought the portfolio from Citizens Financial Group.Properties in the portfolio are scattered among...
Bayrock Group of New York has joined the Riverhead Resorts partnership in a $500 million development project in Riverhead, N.Y. The group has submitted a $100 million bid to the town of Riverhead on Long Island, N.Y., for...
Triple Net Properties has purchased Cypresswood Drive, a 93,500-square-foot office/retail property in Houston. The Santa Ana, Calif., purchased the property on behalf of tenant-in-common investors. A purchase price was not given, but the average price for similar properties...
KBS REIT Inc. has agreed to pay $49.9 million for Bridgeway Technology Center, a 187,268-square-foot office/research and development complex in the Silicon Valley community of Newark, Calif.The two-building complex, at 7007-7015 and 7151 Gateway Boulevard, is fully leased...
Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnFitchNewRatingFitchOldRatingReason for Rating ActionMerrill Lynch Mortgage Trust, 2004-BPC11,210.01,240.0C12.4AAAA-Defeasance (9.7 percent of pool)---D18.6A+A----E9.3AA--First Union National Bank Commercial Mortgage Trust, 2000-C1682.4776.3G29.1AA-Increased subordination; defeasance (36.7 percent of pool)---J3.9BBB+BBB----K7.8BBB-BB+-
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-175.0030.004.14AAAAAAAaa+17swapsA-1A514.0030.009.35AAAAAAAaaNAswapsA-2725.3030.004.85AAAAAAAaa+23swapsA-3246.6130.006.62AAAAAAAaa+35swapsA-AB72.0030.007.41AAAAAAAaa+27swapsA-43,661.0330.009.72AAAAAAAaa+28swapsA-M756.2820.009.86AAAAAAAaa+32swapsA-J519.9413.1259.92AAAAAAAaa+37swapsB75.6312.1259.92AA+AA+Aa1+46swapsC94.5410.8759.92AAAAAa2+49swapsD56.7210.1259.92AA-AA-Aa3+55swapsE56.729.3759.92A+A+A1+60swapsF75.638.3759.92AAA2+69swapsG75.837.3759.98A-A-A3+78swapsH103.996.0010.00BBB+BBB+Baa1+125swapsJ95.564.7510.00BBBBBBBaa2+180swapsK76.453.7510.00BBB-BBB-Baa3+250swapsL37.813.2510.00BB+BB+Ba1NATreasM18.913.0010.00BBBBBa2NATreasN28.362.62510.00BB-BB-Ba3NATreasO18.912.37510.00B+B+B1NATreasP18.912.12510.00BBB2NATreasQ18.911.87510.00B-B-B3NATreasS141.800.0010.08NRNRNRNATreasX7,562.77*NANAAAAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: 7,562.8 millionBookrunner(s): RBS Greenwich Capital, Goldman SachsLead Managers: RBS Greenwich Capital, Goldman SachsCo-managers: Bear Stearns, Merrill Lynch, Morgan Stanley, Wachovia SecuritiesB-piece Buyer: CWCapitalMaster Servicer: Wachovia BankSpecial Servicer: CWCapital Asset Management...
Anglo Irish Bank's private banking unit has paid $33.9 million for 45 Milk St., a 68,995-square-foot office/retail building in the heart of Boston's financial district.The bank's lending unit, meanwhile, provided debt financing to complete the acquisition. The transaction...
Marriott International has priced $350 million of unsecured notes through underwriters led by Merrill Lynch and Barclays Capital.The Washington hotel company priced the notes, which carry a 6.375 percent coupon and June 15, 2017, maturity, at 99.501 percent...
Jason Kelley, chief credit officer of Sorin Capital Management's commercial real estate group, has joined Apollo Real Estate Advisors as vice president, where he will handle the investment adviser's debt investment activities.Kelley will work in the lending operations...
NTS Realty Holdings LP has agreed to pay $32.3 million for Creek's Edge at Stony Point, a 202-unit apartment property in Richmond, Va.The Louisville, Ky., partnership is buying the property from CG Stony Point, a Virginia investor group.The...
Willett Cos. has paid $31.6 million for the Walker building, a 78,878-square-foot office building in downtown Washington, D.C.Willett, a Rye, N.Y., investor, purchased the 71-year-old building from Zuckerman Gravely Development of Washington. The transaction was brokered by HFF...
Commercial Real Estate Direct Staff ReportMichael E. Pralle, president and chief executive of GE Real Estate since 2000, yesterday left the company.The Stamford, Conn., company had $53.8 billion of assets as of the end of last year and...
Anglo Irish Bank's private banking unit has paid $33.9 million for 45 Milk St., a 68,995-square-foot office/retail building in the heart of Boston's financial district.The bank's lending unit, meanwhile, provided debt financing to complete the acquisition. The transaction...
Marriott International has priced $350 million of unsecured notes through underwriters led by Merrill Lynch and Barclays Capital.The Washington hotel company priced the notes, which carry a 6.375 percent coupon and June 15, 2017, maturity, at 99.501 percent...
Jason Kelley, chief credit officer of Sorin Capital Management's commercial real estate group, has joined Apollo Real Estate Advisors as vice president, where he will handle the investment adviser's debt investment activities.Kelley will work in the lending operations...
Commercial Real Estate Direct Staff ReportThe consensus is that spreads on super-senior AAA CMBS will remain in the range of 21-30 basis points over swaps for the remainder of the year.A total of 40 percent of those responding...
Willett Cos. has paid $31.6 million for the Walker building, a 78,878-square-foot office building in downtown Washington, D.C.Willett, a Rye, N.Y., investor, purchased the 71-year-old building from Zuckerman Gravely Development of Washington. The transaction was brokered by HFF...
NTS Realty Holdings LP has agreed to pay $32.3 million for Creek's Edge at Stony Point, a 202-unit apartment property in Richmond, Va.The Louisville, Ky., partnership is buying the property from CG Stony Point, a Virginia investor group.The...
Commercial Real Estate Direct Staff ReportMichael E. Pralle, president and chief executive of GE Real Estate since 2000, yesterday left the company.The Stamford, Conn., company had $53.8 billion of assets as of the end of last year and...
Commercial Real Estate Direct Staff ReportThe consensus is that spreads on super-senior AAA CMBS will remain in the range of 21-30 basis points over swaps for the remainder of the year.A total of 40 percent of those responding...
Charles H. "Hank" Williams, a senior official in the U.S. Department of Housing and Urban Development, has agreed to join Wells Fargo, where he will head the lender's Federal Housing Administration production efforts.Williams, deputy assistant secretary of the...
By John Covaleski, Commercial Real Estate Direct Staff Writer Kearny Real Estate Co., in a venture with Prime Property Fund, has acquired a 160,561-square-foot industrial building in Temecula, Calif., for $13 million.The deal brings the volume of industrial...
Capital Trust Inc. has acquired a lender specializing in providing financing against seniors living and healthcare properties.The New York investment manager is paying what could amount to $4.4 million, including earn-outs, for the lender, which operates as Survey...
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© 2020 Commercial Real Estate Direct All rights reserved.