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...
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...
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...
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...
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...
Jon D. Kline, president of Sunstone Hotel Investors Inc., is resigning effective June 30, to pursue other opportunities.Kline, who had joined the San Clemente, Calif., hotel REIT in 2003, was previously its chief financial officer. As such, he...
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:...
© 2023 Commercial Real Estate Direct All rights reserved.
© 2023 Commercial Real Estate Direct All rights reserved..