Commercial Real Estate Direct Staff ReportBear Stearns and Morgan Stanley late yesterday priced a $3.3 billion conduit transaction at spreads that indicate the CMBS market is still far from its pre-correction buoyancy.The super-senior AAA class from the deal,...
Apollo Real Estate Advisors has named Frank Buckley partner in its Los Angeles office.Buckley, formerly a managing director with Ramsey-Shilling Commercial Real Estate Services Inc., a Hollywood, Calif., brokerage, is charged with identifying potential acquisitions and business opportunities.At...
Commercial Real Estate Direct Staff ReportCarmel Partners has purchased six apartment properties with a total of 1,532 units in Colorado, California and Washington for $191 million. The San Francisco investment manager bought the properties in separate transactions from...
Monte Koch has replaced Devin Murphy as global head of real estate investment banking at Deutsche Bank Securities.Murphy is leaving Deutsche Bank after 21 years to "pursue other interests," the company said. Koch has more than 20 years...
Commercial Real Estate Direct Staff ReportNNN Healthcare/Office REIT has acquired 511,100 square feet of medical office space in four deals over the past month.The entity, managed by Triple Net Properties, this week acquired the 67,000-sf St. Mary's Physicians...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-1101.7530.003.39AAAAAA+50swapsA-2194.0530.004.85AAAAAA+70swapsA-3311.8030.006.79AAAAAA+79swapsA-AB132.0030.007.15AAAAAA+74swapsA-41,178.2630.009.76AAAAAA+62swapsA-1A364.3330.008.17AAAAAANAswapsA-M231.0320.009.87AAAAAA+84swapsA-MFL95.0020.009.87AAAAAA+69LiborA-J268.9711.759.95AAAAAA+115swapsB28.5310.8759.96AA+AA++135swapsC44.839.509.96AAAA+145swapsD24.458.759.96AA-AA-+155swapsE20.388.1259.96A+A++180swapsF28.537.509.96AA+205swapsG32.606.259.96A-A-+235swapsH36.685.1259.96BBB+BBB++300swapsJ32.604.1259.96BBBBBB+350swapsK32.603.1259.96BBB-BBB-+425swapsL12.232.759.96BB+BB+NATreasM12.232.3759.96BBBBNATreasN12.232.009.96BB-BB-NATreasO8.151.759.96B+B+NATreasP4.081.6259.96BBNATreasQ8.151.3759.96B-B-NATreasS44.830.0010.08NRNRNATreasXW3,260.26*NA8.63AAAAAANATreas*Notional amount, interest onlyCollateral balance: $3,260.26 millionBookrunner(s): Bear Stearns, Morgan StanleyLead Managers: Bear Stearns, Morgan StanleyB-piece Buyer: Centerline REITMaster Servicer: Wells Fargo, Prudential Asset ResourcesSpecial Servicer: Centerline ServicingTrustee: LaSalle BankOriginators: Wells Fargo (34.3 percent), Bear...
Commercial Real Estate Direct Staff ReportA 158-unit multifamily/retail property at 360 E. 65th St. in Manhattan is available for sale and expected to fetch about $130 million. Eastern Consolidated Properties is representing the New York partnership selling the...
Strategic Real Estate Advisors has paid $270 million for a portfolio of 22 industrial properties with 5.5 million.The London investment manager purchased the portfolio on behalf of an institutional client from TIAA-CREF.The portfolio is comprised of properties in...
By Jeff Mordock, Commercial Real Estate Direct Staff WriterThe Buccini/Pollin Group has agreed to pay $28 million for Crozier Center, a 453,099-square-foot office complex in Newark, Del.The Wilmington, Del., developer is purchasing the five-building property from Bank of...
HRPT Properties Trust has priced $250 million of senior unsecured notes through bookrunners Wachovia Securities, Merrill Lynch and UBS Securities.The offering is the second this year for the Newton, Mass., REIT. Its earlier issue, which priced in June,...
Commercial Real Estate Direct Staff ReportNNN Healthcare/Office REIT has acquired 511,100 square feet of medical office space in four deals over the past month.The entity, managed by Triple Net Properties, this week acquired the 67,000-sf St. Mary's Physicians...
Phoenix Property Co. has paid $35.6 million for three office buildings with 210,652 square feet in the Briargate Business Complex in Colorado Springs, Colo.The Dallas company purchased the properties from affiliates of Westcore Properties of San Diego, which...
Argus Realty Investors has paid $51.3 million for 252,350 square feet of office space in Phoenix.The San Clemente, Calif., real estate firm, which generally sponsors tenant-in-common investor groups, purchased the two-property portfolio from Equastone of San Diego. It...
Commercial Real Estate Direct Staff ReportA 158-unit multifamily/retail property at 360 E. 65th St. in Manhattan is available for sale and expected to fetch about $130 million. Eastern Consolidated Properties is representing the New York partnership selling the...
Apollo Real Estate Advisors has named Frank Buckley partner in its Los Angeles office.Buckley, formerly a managing director with Ramsey-Shilling Commercial Real Estate Services Inc., a Hollywood, Calif., brokerage, is charged with identifying potential acquisitions and business opportunities.At...
By Jeff Mordock, Commercial Real Estate Direct Staff WriterThe Buccini/Pollin Group has agreed to pay $28 million for Crozier Center, a 453,099-square-foot office complex in Newark, Del.The Wilmington, Del., developer is purchasing the five-building property from Bank of...
Commercial Real Estate Direct Staff ReportCarmel Partners has purchased six apartment properties with a total of 1,532 units in Colorado, California and Washington for $191 million. The San Francisco investment manager bought the properties in separate transactions from...
Monte Koch has replaced Devin Murphy as global head of real estate investment banking at Deutsche Bank Securities.Murphy is leaving Deutsche Bank after 21 years to "pursue other interests," the company said. Koch has more than 20 years...
HRPT Properties Trust has priced $250 million of senior unsecured notes through bookrunners Wachovia Securities, Merrill Lynch and UBS Securities.The offering is the second this year for the Newton, Mass., REIT. Its earlier issue, which priced in June,...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-1101.7530.003.39AAAAAA+50swapsA-2194.0530.004.85AAAAAA+70swapsA-3311.8030.006.79AAAAAA+79swapsA-AB132.0030.007.15AAAAAA+74swapsA-41,178.2630.009.76AAAAAA+62swapsA-1A364.3330.008.17AAAAAANAswapsA-M231.0320.009.87AAAAAA+84swapsA-MFL95.0020.009.87AAAAAA+69LiborA-J268.9711.759.95AAAAAA+115swapsB28.5310.8759.96AA+AA++135swapsC44.839.509.96AAAA+145swapsD24.458.759.96AA-AA-+155swapsE20.388.1259.96A+A++180swapsF28.537.509.96AA+205swapsG32.606.259.96A-A-+235swapsH36.685.1259.96BBB+BBB++300swapsJ32.604.1259.96BBBBBB+350swapsK32.603.1259.96BBB-BBB-+425swapsL12.232.759.96BB+BB+NATreasM12.232.3759.96BBBBNATreasN12.232.009.96BB-BB-NATreasO8.151.759.96B+B+NATreasP4.081.6259.96BBNATreasQ8.151.3759.96B-B-NATreasS44.830.0010.08NRNRNATreasXW3,260.26*NA8.63AAAAAANATreas*Notional amount, interest onlyCollateral balance: $3,260.26 millionBookrunner(s): Bear Stearns, Morgan StanleyLead Managers: Bear Stearns, Morgan StanleyB-piece Buyer: Centerline REITMaster Servicer: Wells Fargo, Prudential Asset ResourcesSpecial Servicer: Centerline ServicingTrustee: LaSalle BankOriginators: Wells Fargo (34.3 percent), Bear...
Phoenix Property Co. has paid $35.6 million for three office buildings with 210,652 square feet in the Briargate Business Complex in Colorado Springs, Colo.The Dallas company purchased the properties from affiliates of Westcore Properties of San Diego, which...
Argus Realty Investors has paid $51.3 million for 252,350 square feet of office space in Phoenix.The San Clemente, Calif., real estate firm, which generally sponsors tenant-in-common investor groups, purchased the two-property portfolio from Equastone of San Diego. It...
Strategic Real Estate Advisors has paid $270 million for a portfolio of 22 industrial properties with 5.5 million.The London investment manager purchased the portfolio on behalf of an institutional client from TIAA-CREF.The portfolio is comprised of properties in...
A group of New Jersey investors has acquired New England Village Garden Apartments, a 133-unit complex in Summit, N.J., for $30 million.The complex was sold by a family that has owned the property since its construction in 1950....
In a deal completed just before the window on such financings closed, Sonnenblick-Eichner Co. lined up $33 million of permanent financing with a five-year interest-only period for the Hilton Fort Lee on the New Jersey side of the...
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