National Office Properties LP has purchased 301 Congress, a 418,338-square-foot office property in Austin, Texas, from a venture between Crescent Real Estate Equities Co. and Aetna.National Office is a venture between Hines and the California Public Employees' Retirement...

Fitch Ratings has upgraded Prudential Asset Resources' master servicer rating to CMS2 from CMS2- and affirmed its CPS2 primary and CSS2- special servicing ratings.The rating agency said the upgrade was due to Prudential's new investor Web site, improved...

Arbor Realty Trust Inc. has committed to invest $210 million in Lightstone Group's $8 billion acquisition of Extended Stay Hotels from Blackstone Group.Arbor's preferred equity investment is senior to up to another $450 million of subordinate preferred equity...

Larry Wilemon, a former senior vice president with George Smith Partners, has joined HFF Inc. as managing director in the firm's Los Angeles office.Wilemon is an attorney who had helped complete more than $2 billion of financing transactions...

Kimco Realty Corp. has paid $354 million for 12 retail centers in California and Nevada totaling 1.1 million square feet.The New Hyde Park, N.Y., REIT purchased the properties from Wall Street Properties Co. of Del Mar, Calif. They...

Thomas Properties Group has sold the Intercontinental Center, with 196,895 square feet in Houston, to Bresler & Reiner Inc. for $24.2 million.Thomas, headquartered in Los Angeles, had taken over the property two years ago when it purchased, with...

Fitch Ratings has upgraded Prudential Asset Resources' master servicer rating to CMS2 from CMS2- and affirmed its CPS2 primary and CSS2- special servicing ratings.The rating agency said the upgrade was due to Prudential's new investor Web site, improved...

Larry Wilemon, a former senior vice president with George Smith Partners, has joined HFF Inc. as managing director in the firm's Los Angeles office.Wilemon is an attorney who had helped complete more than $2 billion of financing transactions...

Thomas Properties Group has sold the Intercontinental Center, with 196,895 square feet in Houston, to Bresler & Reiner Inc. for $24.2 million.Thomas, headquartered in Los Angeles, had taken over the property two years ago when it purchased, with...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-183.0030.003.39AAAAaa+13swapsA-1A412.5030.008.74AAAAaaNAswapsA-2681.0030.004.88AAAAaa+22swapsA-358.2030.006.71AAAAaa+33swapsA-AB130.7030.007.30AAAAaa+27swapsA-4954.3630.009.76AAAAaa+28swapsA-M331.4020.009.88AAAAaa+32swapsA-J273.4011.759.95AAAAaa+37swapsB33.1410.759.96AA+Aa1+42swapsC33.149.759.96AAAa2+45swapsD33.148.759.96AA-Aa3+52swapsE20.718.1259.96A+A1+57swapsF24.867.3759.96AA2+65swapsG29.006.509.96A-A3+74swapsH41.425.259.96BBB+Baa1+105swapsJ33.144.259.96BBBBaa2+135swapsK33.143.259.96BBB-Baa3+250swapsL16.572.759.96BB+Ba1NATreasM12.432.3759.96BBBa2NATreasN12.432.009.96BB-Ba3NATreasO8.291.759.96B+B1NATreasP8.291.509.96BB2NATreasQ8.291.259.96B-B3NATreasS41.420.009.96NRNRNATreasXW3,313.94*NA8.12AAAAaaNATreas*Notional amount, interest onlyCollateral balance: $3,313.94 millionBookrunner(s): Bear Stearns, Morgan StanleyLead Managers: Bear Stearns, Morgan StanleyB-piece Buyer: Centerline REIT Inc.Master Servicer: Wells Fargo (74.6 percent), Prudential Asset Resources (25.4 percent)Special Servicer: Centerline Servicing Inc.Trustee: LaSalle...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-152.9830.002.68AAAAaa+12swapsA-1A595.7130.009.53AAAAaaNAswapsA-2151.6130.004.92AAAAaa+24swapsA-3180.0030.008.39AAAAaa+37swapsA-41,195.0330.009.79AAAAaa+30swapsA-SB117.5930.007.14AAAAaa+27swapsA-M327.5620.009.91AAAAaa+33swapsA-J262.0512.009.91AAAAaa+40swapsB24.5711.259.93AA+Aa1+46swapsC36.8510.1259.99AAAa2+49swapsD32.769.1259.99AA-Aa3+55swapsE49.137.6259.99AA2+68swapsF36.856.509.99A-A3+76swapsG40.955.259.99BBB+Baa1+117swapsH32.764.259.99BBBBaa2+152swapsJ40.953.009.99BBB-Baa3+225swapsK8.192.759.99BB+Ba1NATreasL8.192.50 BBBa2NATreasM16.382.00 BB-Ba3NATreasN8.191.75 B+B1NATreasP4.091.625 BB2NATreasQ12.281.25 B-B3NATreasNR40.950.00 NRNRNATreasX3,275.61*NANAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $3,275.61Bookrunner(s): JPMorgan Chase SecuritiesLead Managers: JPMorgan Chase Securities, CIBC World MarketsCo-managers: Bear StearnsB-piece Buyer: Presidio Investments Inc.Master Servicer: CapmarkSpecial Servicer: LNR PartnersTrustee: LaSalle BankOriginators: CIBC (44.5 percent), JPMorgan Chase (55.5...

Commercial Real Estate Direct Staff ReportTimarchi Management's agreement to purchase 3.1 million square feet of Dallas office space from Crescent Real Estate Equities has collapsed because of funding issues. Equastone has emerged as a likely buyer. Trimarchi, an...

Kenmore Group LLC has paid $17.5 million for Malibu Vista, 30,742-square-foot office building in Malibu, Calif.The Santa Monica, Calif., investment firm purchased the property from Malibu Vista Partners of Beverly Hills, Calif., which was represented by Sperry Van...

Chicago Sun Times Health Care Service Corp. has announced that it will add 24 stories to its building at 300 E. Randolph in Chicago's East Loop. Health Care Service Corp., the parent company for Blue Cross and Blue...

UrbanAmerica LP has sold seven office and retail properties with 331,000 square feet in the Washington, D.C., area for $48.5 million.The properties were sold to a local investor group operating as Urban Retail Investors LLC. They are: 3907...

New York Community Bancorp Inc. has agreed to sell 960 Ave. of the Americas, a 99,000-square-foot office building in Manhattan's Herald Square neighborhood, for $105 million.The lender took over the property last year when it acquired Atlantic Bank...

UrbanAmerica LP has sold seven office and retail properties with 331,000 square feet in the Washington, D.C., area for $48.5 million.The properties were sold to a local investor group operating as Urban Retail Investors LLC. They are: 3907...

Levine Investments is paying $88 million for the 250,000-square-foot office portion of the Promenade Corporate Center, a 1 million-sf mixed-use complex in North Scottsdale, Ariz. The Phoenix firm acquired the space from The Pederson Group, a Phoenix developer,...

New York Community Bancorp Inc. has agreed to sell 960 Ave. of the Americas, a 99,000-square-foot office building in Manhattan's Herald Square neighborhood, for $105 million.The lender took over the property last year when it acquired Atlantic Bank...

The Concannon Co. is seeking a joint venture equity partner for The Gallery, a 305,222-square-foot mixed-use development in Ann Arbor, Mich.The Ann Arbor development firm has tapped Marcus & Millichap to seek a partner to pay $67 million,...

Levine Investments is paying $88 million for the 250,000-square-foot office portion of the Promenade Corporate Center, a 1 million-sf mixed-use complex in North Scottsdale, Ariz. The Phoenix firm acquired the space from The Pederson Group, a Phoenix developer,...

AIG Global Investment Group has provided $17.8 million to finance Towngate III and IV, a two-building office development with 106,400 square feet in Alexandria, Va.ELV Associates Inc. of Boston received the 10-year, fixed-rate financing, which was arranged by...

The Concannon Co. is seeking a joint venture equity partner for The Gallery, a 305,222-square-foot mixed-use development in Ann Arbor, Mich.The Ann Arbor development firm has tapped Marcus & Millichap to seek a partner to pay $67 million,...

A venture led by Thomas Properties Group Inc. has completed its $1.15 billion acquisition of a portfolio of 10 office properties with 3.5 million square feet in the Austin, Texas, area from Blackstone Real Estate Advisors. The properties...

AIG Global Investment Group has provided $17.8 million to finance Towngate III and IV, a two-building office development with 106,400 square feet in Alexandria, Va.ELV Associates Inc. of Boston received the 10-year, fixed-rate financing, which was arranged by...