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....

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...

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...

A venture between Rockpoint Group and SCS Advisors has purchased the Cypress Hotel, a 224-room hotel in the San Jose suburb of Cupertino, Calif.The venture purchased the property from Kimpton Hotel and Restaurant Group, which will continue to...

Cogswell Realty Group has lined up $65 million of financing for Eleven 80, an office building that is being converted into 317 residential units in Newark, N.J. Bear Stearns provided the financing, which was arranged by HFF Inc.Cogswell...

Commercial Real Estate Direct Staff ReportAn affiliate of Sentinel Real Estate Corp. has agreed to acquire America First Apartment Investors Inc. in a deal valued at $532 million.Sentinel, a New York investment manager, is paying $25.30/share for America...

Fitch Ratings has upgraded CWCapital Asset Management's special servicer rating to CSS2 from CSS2- and affirmed the Needham, Mass., company's CPS2 primary and CMS3 master servicer ratings.The rating agency cited CWCapital's "strong special servicing administration capabilities" and its...

A venture between Pine Tree Institutional Realty and Buchanan Street Partners has paid $49.5 million for the Shops at Walnut Creek, a 233,984-square-foot retail property in the Denver suburb of Westminster, Colo.The venture purchased the property from Red...

  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...

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...

A venture between Rockpoint Group and SCS Advisors has purchased the Cypress Hotel, a 224-room hotel in the San Jose suburb of Cupertino, Calif.The venture purchased the property from Kimpton Hotel and Restaurant Group, which will continue to...

Commercial Real Estate Direct Staff ReportAn affiliate of Sentinel Real Estate Corp. has agreed to acquire America First Apartment Investors Inc. in a deal valued at $532 million.Sentinel, a New York investment manager, is paying $25.30/share for America...

Fitch Ratings has upgraded CWCapital Asset Management's special servicer rating to CSS2 from CSS2- and affirmed the Needham, Mass., company's CPS2 primary and CMS3 master servicer ratings.The rating agency cited CWCapital's "strong special servicing administration capabilities" and its...

A venture between Pine Tree Institutional Realty and Buchanan Street Partners has paid $49.5 million for the Shops at Walnut Creek, a 233,984-square-foot retail property in the Denver suburb of Westminster, Colo.The venture purchased the property from Red...

Cogswell Realty Group has lined up $65 million of financing for Eleven 80, an office building that is being converted into 317 residential units in Newark, N.J. Bear Stearns provided the financing, which was arranged by HFF Inc.Cogswell...

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....

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...

   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...

First Potomac Realty Trust has paid $19.3 million for Annapolis Commerce East, a 101,302-square-foot office property in Annapolis, Md.The Bethesda, Md., REIT purchased the two-building property from Bristol Capital Corp., also of Bethesda, which had offered it through...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionLehman Brothers Floating-Rate Commercial Mortgage Trust, 2005-LLF C4212.9935.6B24.3AaaAa1Increased subordination---C22.1AaaAa2----D13.3AaaAa3----E13.3AaaA1----F13.3AaaA2----G13.3Aa1A3----H15.5A2Baa1----WFV4.9A3Baa3Improved performance of Westfield Shoppingtown ValenciaPotomac/Gurney Mills Trust, 2001-XLPGM257.8279.8D37.8AaaA1Defeasance (100 percent)---E9.7AaaA2----F21.4AaaBaa1----G22.5AaaBaa3- 

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...