Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionUBS 400 Atlantic Street Mortgage Trust, 2002-C1A29.829.8B-17.5AAAA+Full defeasance---B-24.2AAAA----B-35.0AAAA-----B-44.2AAABBB+----B-58.8AAABBB--Merrill Lynch Mortgage Investors Inc., 1998-C3388.2638.4D38.3AAA-Increased subordination---E8.0A+BBB+----F35.1BBBB--LB-UBS Westfield Trust, 2001-WM751.7800.0B65.1AAAAAImproved collateral performance; defeasance (12 percent of pool)---C59.3AAAA----D45.6AAAA-----E23.5AA+BBB+----F25.0AABBB----G54AA-BBB--
Capmark Finance Inc. provided $27.5 million of financing for HarborSouth Tower, a 203,596-square-foot office building in the Boston suburb of Quincy, Mass.The financing was arranged by CBRE Melody. The property was purchased for $45 million by a venture between...
Commercial Real Estate Direct Staff ReportThe volume of delinquent CMBS loans inched up in April to $2.26 billion from $2.21 billion the month before, according to Realpoint, largely because the forbearance agreement on an $83.7 million mortgage on...
CWCapital Investments has hired Peter Ginsberg as managing director handling the structuring and management of its high-yield investment funds. Ginsberg, a former managing director with Capital Trust, will work closely with Craig Henrich, who joined CWCapital last year,...
ING Clarion Partners has completed the $877 million acquisition of Apple Hospitality Two Inc., a Richmond, Va., hotel REIT that owns 63 extended-stay hotels with 7,498 rooms.The acquisition gives ING Clarion some $3 billion of hotel investments.Apple Two...
A family trust is offering for sale Knoxville Pointe Apartments, a 218-unit residential property in Dunlap, Ill. The Chicago family, which operates as LBV Dunlap, is marketing the property through Marcus & Millichap. The property has an asking...
Commercial Real Estate Direct Staff ReportMission Capital Advisors is marketing another portfolio of distressed commercial mortgages, adding to a pipeline of offerings that totals more than $60 million.The New York loan-sales adviser is inviting investors to make indicative...
Dallas Morning NewsDemolition has begun on the Alford Refrigerated Warehouse building in downtown Dallas. The building, which sits on a 50-acre site on Cadiz Street near Industrial Boulevard, is being razed so a residential building can be erected...
Winthrop Realty Trust has agreed to pay $25 million for 180 N. Michigan, a 235,400-square-foot office building in downtown Chicago.The Boston REIT is purchasing the 23-story property from a partnership led by M & J Wilkow Ltd., which...
CWCapital Investments has hired Peter Ginsberg as managing director handling the structuring and management of its high-yield investment funds. Ginsberg, a former managing director with Capital Trust, will work closely with Craig Henrich, who joined CWCapital last year,...
ING Clarion Partners has completed the $877 million acquisition of Apple Hospitality Two Inc., a Richmond, Va., hotel REIT that owns 63 extended-stay hotels with 7,498 rooms.The acquisition gives ING Clarion some $3 billion of hotel investments.Apple Two...
A family trust is offering for sale Knoxville Pointe Apartments, a 218-unit residential property in Dunlap, Ill. The Chicago family, which operates as LBV Dunlap, is marketing the property through Marcus & Millichap. The property has an asking...
Commercial Real Estate Direct Staff ReportMission Capital Advisors is marketing another portfolio of distressed commercial mortgages, adding to a pipeline of offerings that totals more than $60 million.The New York loan-sales adviser is inviting investors to make indicative...
Dallas Morning NewsDemolition has begun on the Alford Refrigerated Warehouse building in downtown Dallas. The building, which sits on a 50-acre site on Cadiz Street near Industrial Boulevard, is being razed so a residential building can be erected...
Winthrop Realty Trust has agreed to pay $25 million for 180 N. Michigan, a 235,400-square-foot office building in downtown Chicago.The Boston REIT is purchasing the 23-story property from a partnership led by M & J Wilkow Ltd., which...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-158.0030.003.22AAAAAA+11swapsA-1A529.3030.007.23AAAAAANAswapsA-2753.0030.004.86AAAAAA+27swapsA-2FL55.0030.004.86AAAAAA+15LiborA-3162.6030.006.34AAAAAA+35swapsA-AB60.9830.006.90AAAAAA+31swapsA-4602.0030.009.45AAAAAA+30swapsA-M317.2720.009.77AAAAAA+36swapsA-J153.8212.009.84AAAAAA+45swapsA-JFL100.0012.009.84AAAAAA+35LiborB15.8611.509.84AA+AA++49swapsC47.5910.009.84AAAA+56swapsD31.739.009.92AA-AA-+63swapsE15.868.509.93A+A++70swapsF27.767.6259.93AA+78swapsG27.766.759.93A-A-NAswapsH43.625.3759.93BBB+BBB++145swapsJ35.694.259.93BBBBBBNAswapsK35.693.1259.93BBB-BBB-+250swapsL15.862.62510.00BB+BB+NATreasM7.932.37510.01BBBBNATreasN15.861.87510.01BB-BB-NATreasO4.001.7510.01B+B+NATreasP4.001.62510.01BBNATreasQ11.901.2510.01B-B-NATreasS39.660.0010.01NRNRNATreasXP-NANAAAAAAANATreasXW-NANAAAAAAANATreas*Notional amount, interest onlyCollateral balance: $3,174.07 millionBookrunner(s): Banc of America Securities, Bear StearnsLead Managers: Banc of America Securities, Bear StearnsCo-managers: Credit Suisse, RBS Greenwich CapitalB-piece Buyer: Hyperion BrookfieldMaster Servicer: Bank of AmericaSpecial Servicer: LNR PartnersTrustee:...
Younan Properties has completed its purchase of One Dallas Centre, a 615,000-square-foot office building in downtown Dallas. A purchase price was not disclosed, but the Los Angeles firm was said to have paid $23.5 million.Colonnade Properties of New...
Douglas Emmett Inc. has paid $32 million for 1801 Century Park West, a 49,855-square-foot office building in Century City, Calif. The Santa Monica, Calif., REIT, which went public late last year, bought the fully leased building from a...
Glenborough Realty Trust has paid $20.5 million for the Saddleback Financial Center, a 72,980-square-foot medical office building in the Orange County town of Laguna Hills, Calif. The San Mateo, Calif., REIT purchased the four-story building from Mammoth Equities...
Jeffrey Havsy, former vice president of strategic research at Equity Office Properties Trust, has been named global strategist at Property & Portfolio Research Inc. As global strategist, a new position at the Boston research and consulting firm, Havsy...
NY Credit Advisors has provided $21 million of financing for Legacy at Lake Park, a pair of office buildings with 198,318 square feet in suburban Salt Lake City. The financing, which pays interest only under a five-year term,...
Commercial Real Estate Direct Staff Report Investors Management Trust Residential is marketing for sale five multifamily complexes with a combined 1,339 units in Orlando, Fla.Jones Lang LaSalle has the listing, which it expects to sell for about $100...
Commercial Real Estate Direct Staff ReportGarnet Capital Advisors is marketing a $51.1 million portfolio of distressed commercial loans, mostly mortgages, on behalf of a bank client.The Harrison, N.Y., loan-sale adviser, formed three years ago by a team from...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-158.0030.003.22AAAAAA+11swapsA-1A529.3030.007.23AAAAAANAswapsA-2753.0030.004.86AAAAAA+27swapsA-2FL55.0030.004.86AAAAAA+15LiborA-3162.6030.006.34AAAAAA+35swapsA-AB60.9830.006.90AAAAAA+31swapsA-4602.0030.009.45AAAAAA+30swapsA-M317.2720.009.77AAAAAA+36swapsA-J153.8212.009.84AAAAAA+45swapsA-JFL100.0012.009.84AAAAAA+35LiborB15.8611.509.84AA+AA++49swapsC47.5910.009.84AAAA+56swapsD31.739.009.92AA-AA-+63swapsE15.868.509.93A+A++70swapsF27.767.6259.93AA+78swapsG27.766.759.93A-A-NAswapsH43.625.3759.93BBB+BBB++145swapsJ35.694.259.93BBBBBBNAswapsK35.693.1259.93BBB-BBB-+250swapsL15.862.62510.00BB+BB+NATreasM7.932.37510.01BBBBNATreasN15.861.87510.01BB-BB-NATreasO4.001.7510.01B+B+NATreasP4.001.62510.01BBNATreasQ11.901.2510.01B-B-NATreasS39.660.0010.01NRNRNATreasXP-NANAAAAAAANATreasXW-NANAAAAAAANATreas*Notional amount, interest onlyCollateral balance: $3,174.07 millionBookrunner(s): Banc of America Securities, Bear StearnsLead Managers: Banc of America Securities, Bear StearnsCo-managers: Credit Suisse, RBS Greenwich CapitalB-piece Buyer: Hyperion BrookfieldMaster Servicer: Bank of AmericaSpecial Servicer: LNR PartnersTrustee:...
Douglas Emmett Inc. has paid $32 million for 1801 Century Park West, a 49,855-square-foot office building in Century City, Calif. The Santa Monica, Calif., REIT, which went public late last year, bought the fully leased building from a...
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