Principal Global Investors has provided $77 million of fixed-rate financing for three office buildings with 620,000 square feet in suburban Atlanta. The three buildings, 11575, 11475 and 11700 Great Oaks Way in the Royal Centre complex in Alpharetta,...
LoopNet Inc. is acquiring a minority stake in Xceligent Inc., an Independence, Mo., provider of data on commercial space for sale or lease. The transaction will result in Xceligent's for-sale and for-lease listings being placed on LoopNet, increasing...
Chicago's 240-unit Chatham Grove Apartments is being offered for $14.4 million.The Chicago office of Marcus & Millichap has been tapped to market it for sale.The property at 8332 S. Cottage Grove, next to the Chatham Village Square Shopping...
The real estate investment arm of the Government of Singapore Investment Corp. has agreed to purchase a 49 percent interest in the InterContinental Chicago and Hyatt Regency La Jolla hotels from Strategic Hotels & Resorts, in a deal...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-12,773.3655.271.63AAAAAAAaa+9LiborA-2584.7947.371.63AAAAAAAaa+13LiborA-3606.5439.181.63AAAAAANR+18LiborB370.2634.181.63AAAAA+NR+25LiborC432.3328.351.63AA+AANR+32LiborD220.0025.351.63AAAA-NR+37LiborE237.8822.171.63A+A+NR+44LiborF214.6819.271.63AANR+48LiborG142.3917.351.63A-A-NR+52LiborH142.3915.421.63BBB+BBB+NR+65LiborJ395.0510.091.63BBBBBBNR+85LiborK213.587.211.63BBB-BBB-NR+105LiborL533.950.001.63BB+BB+NR+130Libor*Notional amount, interest onlyCollateral balance: $6,867.20 millionBookrunner(s): Goldman Sachs, Banc of America Securities, Bear StearnsLead Managers: Goldman Sachs, Banc of America Securities, Bear StearnsCo-managers: Citigroup, Morgan Stanley, Credit Suisse, Deutsche Bank, Wachovia SecuritiesMaster Servicer: Bank...
MHI Hospitality Corp. has agreed to pay $74 million for the Crowne Plaza Sian Resort, a 311-room property on a barrier island in Hollywood, Fla.MHI, a Williamsburg, Va., REIT, is buying the property from MCZ/Centrum, a venture of...
An affiliate of USAA Real Estate Co. has paid $20.8 million for 300 Sanford Road, a 450,000-square-foot industrial property in the Nashville, Tenn., suburb of La Vergne, Tenn.The San Antonio, Texas, real estate firm is purchasing the property...
A Phoenix developer has sold Yuba City Marketplace, a 142,808-square-foot retail property in the Sacramento suburb of Yuba City, Calif., for $37 million.The developer, which operates as Brown YC, is selling the property to a partnership between two...
Washington REIT has agreed to buy three medical office properties totaling 273,400 square feet in deals totaling $72 million.The Rockville, Md., REIT is paying $49 million to Greenebaum & Rose Associates for Woodholme Medical Office Building and Woodholme...
Apple Hospitality Five has tapped Wachovia Securities as financial adviser to explore strategic alternatives.Those alternatives could include a sale, merger or public listing of its shares.The Richmond, Va., REIT was formed in 2002 to acquire upscale, extended-stay and...
By Jeff Mordock, Commercial Real Estate Direct Staff WriterThe Buccini/Pollin Group has paid $16.5 million for the Blaustein Building, with 290,619 square feet of office space in Baltimore.The Wilmington, Del., development firm purchased the property from a venture...
Trammell Crow Co. has agreed to pay $60 million for HealthSouth Corp.'s 200,000-square-foot corporate campus and an adjacent 19-acre parcel in Birmingham, Ala.The Dallas real estate firm is purchasing the property from HealthSouth, which will lease back the...
An affiliate of Madison Equities has lined up a $56.9 million construction loan to build Chelsea Modern, a 47-unit residential condominium project in New York.The New York firm received the financing from Corus Bank of Chicago. Terms were...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-153.2430.002.78AAAAaa+12swapsA-1A605.8630.009.05AAAAaaNAswapsA-2110.8030.004.88AAAAaa+24swapsA-2FL30.0030.004.88AAAAaa+12LiborA-3FL204.2430.006.48AAAAaa+21LiborA-SB102.7830.007.40AAAAaa+29swapsA-4787.9230.009.84AAAAaa+29swapsA-4FL55.0030.009.84AAAAaa+20LiborA-M223.5520.009.91AAAAaa+33swapsA-MFL45.0020.009.91AAAAaa+23LiborA-J174.3612.1259.94AAAAaa+42swapsA-JFL45.0012.1259.94AAAAaa+32LiborB55.7110.12510.00AAAa2+49swapsC27.869.12510.00AA-Aa3+58swapsD45.267.5010.00AA2+69swapsE27.866.5010.00A-A3+79swapsF34.825.2510.00BBB+Baa1+125swapsG27.864.2510.00BBBBaa2+160swapsH24.373.37510.00BBB-Baa3+230swapsJ10.453.0010.00BB+Ba1NATreasK10.452.62510.00BBBa2NATreasL10.452.2510.00BB-Ba3NATreasM6.962.0010.00B+B1NATreasN6.961.7510.00BB2NATreasP6.961.5010.00B-B3NATreasQ41.780.0010.65NRNRNATreasX2,785.50*NANAAAAAaa-Treas*Notional amount, interest onlyCollateral balance: $2,785.50 millionBookrunner(s): Merrill Lynch, Countrywide SecuritiesLead Managers: Merrill Lynch, Countrywide SecuritiesCo-managers: PNC Capital Markets, Morgan Stanley, Goldman SachsB-piece Buyer: Presidio InvestmentsMaster Servicer: Midland Loan ServicesSpecial Servicer: Midland Loan ServicesTrustee: LaSalle...
Washington REIT has agreed to buy three medical office properties totaling 273,400 square feet in deals totaling $72 million.The Rockville, Md., REIT is paying $49 million to Greenebaum & Rose Associates for Woodholme Medical Office Building and Woodholme...
Apple Hospitality Five has tapped Wachovia Securities as financial adviser to explore strategic alternatives.Those alternatives could include a sale, merger or public listing of its shares.The Richmond, Va., REIT was formed in 2002 to acquire upscale, extended-stay and...
By Jeff Mordock, Commercial Real Estate Direct Staff WriterThe Buccini/Pollin Group has paid $16.5 million for the Blaustein Building, with 290,619 square feet of office space in Baltimore.The Wilmington, Del., development firm purchased the property from a venture...
Trammell Crow Co. has agreed to pay $60 million for HealthSouth Corp.'s 200,000-square-foot corporate campus and an adjacent 19-acre parcel in Birmingham, Ala.The Dallas real estate firm is purchasing the property from HealthSouth, which will lease back the...
An affiliate of Madison Equities has lined up a $56.9 million construction loan to build Chelsea Modern, a 47-unit residential condominium project in New York.The New York firm received the financing from Corus Bank of Chicago. Terms were...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-153.2430.002.78AAAAaa+12swapsA-1A605.8630.009.05AAAAaaNAswapsA-2110.8030.004.88AAAAaa+24swapsA-2FL30.0030.004.88AAAAaa+12LiborA-3FL204.2430.006.48AAAAaa+21LiborA-SB102.7830.007.40AAAAaa+29swapsA-4787.9230.009.84AAAAaa+29swapsA-4FL55.0030.009.84AAAAaa+20LiborA-M223.5520.009.91AAAAaa+33swapsA-MFL45.0020.009.91AAAAaa+23LiborA-J174.3612.1259.94AAAAaa+42swapsA-JFL45.0012.1259.94AAAAaa+32LiborB55.7110.12510.00AAAa2+49swapsC27.869.12510.00AA-Aa3+58swapsD45.267.5010.00AA2+69swapsE27.866.5010.00A-A3+79swapsF34.825.2510.00BBB+Baa1+125swapsG27.864.2510.00BBBBaa2+160swapsH24.373.37510.00BBB-Baa3+230swapsJ10.453.0010.00BB+Ba1NATreasK10.452.62510.00BBBa2NATreasL10.452.2510.00BB-Ba3NATreasM6.962.0010.00B+B1NATreasN6.961.7510.00BB2NATreasP6.961.5010.00B-B3NATreasQ41.780.0010.65NRNRNATreasX2,785.50*NANAAAAAaa-Treas*Notional amount, interest onlyCollateral balance: $2,785.50 millionBookrunner(s): Merrill Lynch, Countrywide SecuritiesLead Managers: Merrill Lynch, Countrywide SecuritiesCo-managers: PNC Capital Markets, Morgan Stanley, Goldman SachsB-piece Buyer: Presidio InvestmentsMaster Servicer: Midland Loan ServicesSpecial Servicer: Midland Loan ServicesTrustee: LaSalle...
The operating partnership of Equity Residential Properties Trust has priced $1 billion of unsecured notes through underwriters led by bookrunners Banc of America Securities, Deutsche Bank and JPMorgan Securities.The Chicago apartment REIT structured the notes in two tranches:...
Commercial Real Estate Direct Report LaSalle Investment Management is said to have made an offer to buy Pennsylvania REIT, according to REIT Wrap, an industry publication.LaSalle owns 41,600 shares of 0.1 percent of the PREIT, which owns 56...
Commercial Real Estate Direct Staff ReportInstitutional tax-exempt assets invested in real estate grew 25 percent last year to $342.68 billion. A report from Pensions & Investments noted a sense that foreign markets may attract an increasing share of...
Commercial Real Estate Direct Staff ReportMorgan Stanley Real Estate Funds, which last week agreed to buy Crescent Real Estate Equities, has offered to buy another property company.But this one, Investa Properties Ltd., is in Australia. Morgan has agreed...
Lowe Enterprises and Canyon-Johnson Urban Fund have acquired the Hilton Washington hotel in the nation's capital for $290 million from Hilton Hotels Corp.The Lowe-Canyon Johnson venture plans to invest another $100 million in renovating the 1,119-room hotel on...
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