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...

SL Green Realty Corp. has agreed to pay $107.5 million, or $338/sf, for 16 Court Street, a 317,625-square-foot office building in Brooklyn, N.Y.The New York REIT is buying the property from an investor group operating as Court Street...

Wharton Investment Group is offering for sale a portfolio of office and retail space along with development land for $44.5 million.The Boca Raton, Fla., investor is marketing the portfolio through Marcus & Millichap. The portfolio consists of 320,475...

Commercial Real Estate Direct Staff ReportGoldman Sachs has raised $4.1 billion of investor commitments for its latest global real estate investment fund.The fund, Whitehall Street Global Real Estate LP 2007, has already invested what Goldman Sachs calls "a...

Morgan Stanley Real Estate has raised $8 billion of equity for its latest international investment vehicle, Morgan Stanley Real Estate Fund VI International.The investment bank raised the massive fund, the largest real estate vehicle ever, just 15 months...

Commercial Real Estate Direct Staff ReportJPMorgan Chase has provided a $5 billion subscription credit facility to Morgan Stanley Real Estate's latest investment vehicle.The facility is backed by investor commitments to the fund, which raised $8 billion of commitments....

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...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-125.0030.002.7AAAAaa+11swapsA1-A1509.1430.008.5AAAAaaNAswapsA1-A2200.0030.009.8AAAAaa+6swapsA-2392.0030.004.8AAAAaa+22swapsA-348.5930.006.9AAAAaa+32swapsA-AB61.6330.007.3AAAAaa+27swapsA-4643.0030.009.7AAAAaa+27swapsA-M268.4820.009.9AAAAaa+31swapsA-J201.3612.509.9AAAAaa+35swapsB16.7811.8759.9AA+Aa1+40swapsC40.2710.3759.9AAAa2+43swapsD26.849.37510.0AA-Aa3+49swapsE20.148.26510.0A+A1+56swapsF23.497.7510.0AA2+62swapsG30.206.62510.0A-A3+72swapsH33.565.37510.0BBB+Baa1+105swapsJ30.204.2510.0BBBBaa2+135swapsK30.203.12510.0BBB-Baa3+210swapsL10.072.75NABB+Ba1NATreasM6.712.5NABBBa2NATreasN10.072.125NABB-Ba3NATreasO6.711.875NAB+B1NATreasP6.711.625NABB2NATreasQ10.071.25NAB-B3NATreasS6.711.00NACCCCaa2NATreasT26.850.00NANRNRNATreasA-X2,684.79*NANAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $2,684.79 millionBookrunner(s): Credit Suisse SecuritiesLead Managers: Credit Suisse SecuritiesCo-managers: KeyBanc Capital Markets, Banc of America Securities, RBS Greenwich Capital MarketsB-piece Buyer: LNR Securities HoldingsMaster Servicer: KeyCorp Real Estate; Wachovia BankSpecial...

A venture between Cypress Creek Capital and GoldenTree InSite Partners has acquired 501 East Kennedy Blvd., a 300,000-square-foot office building in downtown Tampa Bay. Cypress Creek of Fort Lauderdale, Fla., and GoldenTree of New York bought the 19-story...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sRatingFitchFinalPricing (bp)BnchmarkA-11,036.0841.1251.77AAAAaaAAA+8LiborA-2345.3621.501.88AAAAaaAAA+14LiborB61.5918.001.96AA+Aa1AA++20LiborC47.5115.301.96AA+NRAA++25LiborD71.1611.262.28AANRAA+30LiborE46.608.612.96AA-NRAA-+40LiborF46.605.963.01A+NRA++48LiborG46.613.313.05ANRA+55LiborH30.451.583.05A-NRA-+60LiborJ10.141.013.05BBB+NRBBB++65LiborK5.200.713.05BBBNRBBB+125LiborL12.500.003.05BBB-NRBBB-+175LiborX-1A1,486.89*NANAAAAAaaAAANALiborX-1B1,759.80*NANAAAAAaaAAANALiborLXR154.40NA1.88NRBaa2BBB++70LiborLXR272.60NA1.88NRBaa3BBB-+80LiborAP-14.30NA1.88BBBBaa2BBB+70LiborAP-211.15NA1.88BBB-Baa3BBB-+80LiborAP-317.80NA1.88BB+Ba1NR+100LiborAP-42.76NA1.88BBBa2NR+130LiborLP-13.80NA1.96BBBNRBBB+83LiborLP-29.10NA1.96BBB-NRBBB-+100LiborLP-32.10NA1.96BB+Ba1BB++135LiborFA7.50NA1.21NRBaa2BBB-+70LiborHH-13.80NA3.05BBB-Baa3BBB-+85LiborHH-24.79NA3.05BBB-NRNR+105LiborFSN13.30NA1.30BB+Ba1BB++130LiborFSN24.06NA1.30BBBa2NR+150LiborMH-13.60NA3.05BBB-Baa3BBB-+80LiborMH-23.05NA3.05BBB-NRNR+105Libor*Notional amount, interest onlyCollateral balance: $1,968.06 millionBookrunner(s): Wachovia Securities, Bear StearnsLead Managers: Wachovia Securities, Bear StearnsMaster Servicer: Wachovia BankSpecial Servicer: Wachovia BankTrustee: LaSalle BankOriginators: Wachovia Bank (86.2 percent), Bear Stearns (13.8 percent)Number of Loans/Properties: 10/89Property...

Ramsfield Hospitality Finance has provided $20 million of construction financing for the redevelopment of the Lake Placid Lodge, an upscale hotel in Lake Placid, N.Y., that burned down two years ago.The financing is the first construction loan written...

Fitch Ratings has downgraded two classes of Credit Suisse First Boston Mortgage Securities Corp., 2005-CND2, because all of the deal's collateral loans mature this year and many are facing challenges. The transaction is backed by eight remaining loans...

Michael House, group head of real estate capital markets at Genworth Financial, has joined Arbor Realty Trust Inc. as senior vice president of loan acquisitions, a new position.At Arbor, a Uniondale, N.Y., mortgage REIT, House will focus on...

GE Real Estate's North American Equity division has teamed up with The Muller Co. to acquire a pair of office properties with 204,844 square feet in suburban San Diego for a combined $58 million.The venture has purchased Pinnacle...

A venture between Cypress Creek Capital and GoldenTree InSite Partners has acquired 501 East Kennedy Blvd., a 300,000-square-foot office building in downtown Tampa Bay. Cypress Creek of Fort Lauderdale, Fla., and GoldenTree of New York bought the 19-story...

HRPT Properties Trust has priced $250 million of senior unsecured notes through underwriters led by bookrunners Wachovia Securities, Banc of America Securities and RBC Capital Markets.The Newton, Mass., REIT priced the notes, which mature June 15, 2017, at...

For the fourth time in recent years, Sonnenblick-Eichner Co. has arranged financing for the Sheraton Park Hotel at the Anaheim Resort in Anaheim, Calif.The Los Angeles boutique investment bank lined up $65 million of first mortgage debt from...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sRatingFitchFinalPricing (bp)BnchmarkA-11,036.0841.1251.77AAAAaaAAA+8LiborA-2345.3621.501.88AAAAaaAAA+14LiborB61.5918.001.96AA+Aa1AA++20LiborC47.5115.301.96AA+NRAA++25LiborD71.1611.262.28AANRAA+30LiborE46.608.612.96AA-NRAA-+40LiborF46.605.963.01A+NRA++48LiborG46.613.313.05ANRA+55LiborH30.451.583.05A-NRA-+60LiborJ10.141.013.05BBB+NRBBB++65LiborK5.200.713.05BBBNRBBB+125LiborL12.500.003.05BBB-NRBBB-+175LiborX-1A1,486.89*NANAAAAAaaAAANALiborX-1B1,759.80*NANAAAAAaaAAANALiborLXR154.40NA1.88NRBaa2BBB++70LiborLXR272.60NA1.88NRBaa3BBB-+80LiborAP-14.30NA1.88BBBBaa2BBB+70LiborAP-211.15NA1.88BBB-Baa3BBB-+80LiborAP-317.80NA1.88BB+Ba1NR+100LiborAP-42.76NA1.88BBBa2NR+130LiborLP-13.80NA1.96BBBNRBBB+83LiborLP-29.10NA1.96BBB-NRBBB-+100LiborLP-32.10NA1.96BB+Ba1BB++135LiborFA7.50NA1.21NRBaa2BBB-+70LiborHH-13.80NA3.05BBB-Baa3BBB-+85LiborHH-24.79NA3.05BBB-NRNR+105LiborFSN13.30NA1.30BB+Ba1BB++130LiborFSN24.06NA1.30BBBa2NR+150LiborMH-13.60NA3.05BBB-Baa3BBB-+80LiborMH-23.05NA3.05BBB-NRNR+105Libor*Notional amount, interest onlyCollateral balance: $1,968.06 millionBookrunner(s): Wachovia Securities, Bear StearnsLead Managers: Wachovia Securities, Bear StearnsMaster Servicer: Wachovia BankSpecial Servicer: Wachovia BankTrustee: LaSalle BankOriginators: Wachovia Bank (86.2 percent), Bear Stearns (13.8 percent)Number of Loans/Properties: 10/89Property...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-125.0030.002.7AAAAaa+11swapsA1-A1509.1430.008.5AAAAaaNAswapsA1-A2200.0030.009.8AAAAaa+6swapsA-2392.0030.004.8AAAAaa+22swapsA-348.5930.006.9AAAAaa+32swapsA-AB61.6330.007.3AAAAaa+27swapsA-4643.0030.009.7AAAAaa+27swapsA-M268.4820.009.9AAAAaa+31swapsA-J201.3612.509.9AAAAaa+35swapsB16.7811.8759.9AA+Aa1+40swapsC40.2710.3759.9AAAa2+43swapsD26.849.37510.0AA-Aa3+49swapsE20.148.26510.0A+A1+56swapsF23.497.7510.0AA2+62swapsG30.206.62510.0A-A3+72swapsH33.565.37510.0BBB+Baa1+105swapsJ30.204.2510.0BBBBaa2+135swapsK30.203.12510.0BBB-Baa3+210swapsL10.072.75NABB+Ba1NATreasM6.712.5NABBBa2NATreasN10.072.125NABB-Ba3NATreasO6.711.875NAB+B1NATreasP6.711.625NABB2NATreasQ10.071.25NAB-B3NATreasS6.711.00NACCCCaa2NATreasT26.850.00NANRNRNATreasA-X2,684.79*NANAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $2,684.79 millionBookrunner(s): Credit Suisse SecuritiesLead Managers: Credit Suisse SecuritiesCo-managers: KeyBanc Capital Markets, Banc of America Securities, RBS Greenwich Capital MarketsB-piece Buyer: LNR Securities HoldingsMaster Servicer: KeyCorp Real Estate; Wachovia BankSpecial...

Fitch Ratings has downgraded two classes of Credit Suisse First Boston Mortgage Securities Corp., 2005-CND2, because all of the deal's collateral loans mature this year and many are facing challenges. The transaction is backed by eight remaining loans...

Ramsfield Hospitality Finance has provided $20 million of construction financing for the redevelopment of the Lake Placid Lodge, an upscale hotel in Lake Placid, N.Y., that burned down two years ago.The financing is the first construction loan written...

HRPT Properties Trust has priced $250 million of senior unsecured notes through underwriters led by bookrunners Wachovia Securities, Banc of America Securities and RBC Capital Markets.The Newton, Mass., REIT priced the notes, which mature June 15, 2017, at...

Michael House, group head of real estate capital markets at Genworth Financial, has joined Arbor Realty Trust Inc. as senior vice president of loan acquisitions, a new position.At Arbor, a Uniondale, N.Y., mortgage REIT, House will focus on...