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...

Developers Diversified Corp. has sold its Lake Walden Square shopping center in suburban Tampa, Fla., to a venture it operates with Macquarie DDR Trust for $23 million.Lake Walden, a 262,000-square-foot property, is 50 percent occupied and anchored by...

Kennedy Wilson has paid $131 million for Oaks at Westlake, a 354,341-square-foot office building in the Los Angeles suburb of Thousand Oaks, Calif.The Beverly Hills, Calif., real estate firm purchased the property on behalf of its KWI Property...

Liquid Realty Partners has committed to invest $23.4 million in an opportunity in the gaming sector and in a new investment fund.The San Francisco investment manager, which generally buys interests in other funds, is making a co-investment in...

Starwood Capital Group has formed a venture with John Peshkin, the former head of a major homebuilder, which will pursue the acquisition, development and financing of residential land in certain potentially high growth markets throughout the country.Starwood raised...

Duke Realty Corp. last Thursday sold $300 million of senior unsecured notes through bookrunners JPMorgan Securities, Morgan Stanley and UBS Investment Bank.Duke, an Indianapolis office and industrial property REIT, said it would use proceeds of the offering to...

Commercial Real Estate Direct Staff ReportCarlyle Group has raised $3 billion of equity commitments for its latest domestic opportunistic investment fund.The fund, Carlyle Realty Partners V, is targeting office, hotel, industrial, retail, multifamily and seniors housing properties in...

Duke Realty Corp. last Thursday sold $300 million of senior unsecured notes through bookrunners JPMorgan Securities, Morgan Stanley and UBS Investment Bank.Duke, an Indianapolis office and industrial property REIT, said it would use proceeds of the offering to...

Liquid Realty Partners has committed to invest $23.4 million in an opportunity in the gaming sector and in a new investment fund.The San Francisco investment manager, which generally buys interests in other funds, is making a co-investment in...

Starwood Capital Group has formed a venture with John Peshkin, the former head of a major homebuilder, which will pursue the acquisition, development and financing of residential land in certain potentially high growth markets throughout the country.Starwood raised...

Commercial Real Estate Direct Staff ReportCarlyle Group has raised $3 billion of equity commitments for its latest domestic opportunistic investment fund.The fund, Carlyle Realty Partners V, is targeting office, hotel, industrial, retail, multifamily and seniors housing properties in...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionLB-UBS Commercial Mortgage Trust, 2000-C4782.0999.1D12.5AAAAA+Defeasance (33 percent of pool)---E7.5AA+AA-Banc of America Large Loan Inc., 2004-BBA4104.4912.3D16.9AAAAA+Increased subordination---E16.9AAAAA----F15.5AAAAA-----G15.1AA+A----H9.4A+A--GE Commercial Mortgage Corp., 2004-C31,301.31,871.5SHP-15.0AAABBB-Full defeasance of collateral loan---SHP-210.4AAABB+----SHP-33.4AAABB+----SHP-413.4AAABB- 

KBS REIT has provided $43.3 million of financing for 11 South LaSalle, a 329,271-square-foot office building in Chicago.The floating-rate financing, which carries a rate pegged to Libor plus 295 basis points, was provided to Prime Group Inc. of...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionMorgan Stanley Dean Witter Capital I Trust, 2000-LIFE2561.4765.3C24.9Aa2Aa3Increased subordination; defeasance (8.5 percent of pool)JPMorgan Chase Commercial Mortgage Securities Corp., 2002-C1689.4816.7D10.2Aa2Aa3Increased subordination; defeasance (15.4 percent of pool)---E24.5A2A3----F12.3Baa1Baa2-Merrill Lynch Floating Trust, 2006-11,700.02,600.0B55.4AaaAa1Increased subordination---C48.9Aa1Aa2----D32.6Aa2Aa3-GMAC...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionAsset Securitization Corp., 1997-MD VII32.5499.6A-326.7AaaBaa1Full defeasanceGE Capital Commercial Mortgage Corp., 2001-2797.41,000.0C45.1AaaAa1Increased subordination; defeasance (23.2 percent of pool)---D12.5Aa2Aa3----E10.0Aa3A2----F18.8A3Baa2----G11.3Baa1Baa3-GE Capital Commercial Mortgage Corp., 2002-1910.21,000.0D16.9AaaAa2Defeasance (25.2 percent of pool)---E10.4Aa1Aa3----F13.0Aa3A2----G18.2A3Baa2----H10.4Baa1Baa3-First Union ??" Bank of America Commercial...

BioMed Realty Trust has paid $16.5 million for Pacific Corporate Park, a 66,745-square-foot office and research complex in the San Diego suburb of Sorrento Mesa, Calif.The San Diego REIT purchased the two-building complex from a venture between the...

Commercial Real Estate Direct Staff ReportThe Radisson Denver Southeast, a 479-room hotel in Aurora, Colo., is being offered for sale.The property, constructed during the 1980s, is owned by Malaga LLC, a Denver-area opportunistic investor that had acquired it...

Moody's Investors Service has downgraded two classes of Credit Suisse First Boston Mortgage Securities Corp., 2001-CK3, because of losses. The transaction has so far suffered $21.2 million of losses, and while no loans are in special servicing, 24...

Starwood Hotels & Resorts Worldwide yesterday priced a $400 million issue of senior unsecured notes through bookrunners JPMorgan Securities and Morgan Stanley.The White Plains, N.Y., company, which operates hotels under the St. Regis, W Hotels, Westin, Le Meridien,...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionAsset Securitization Corp., 1997-MD VII32.5499.6A-326.7AaaBaa1Full defeasanceGE Capital Commercial Mortgage Corp., 2001-2797.41,000.0C45.1AaaAa1Increased subordination; defeasance (23.2 percent of pool)---D12.5Aa2Aa3----E10.0Aa3A2----F18.8A3Baa2----G11.3Baa1Baa3-GE Capital Commercial Mortgage Corp., 2002-1910.21,000.0D16.9AaaAa2Defeasance (25.2 percent of pool)---E10.4Aa1Aa3----F13.0Aa3A2----G18.2A3Baa2----H10.4Baa1Baa3-First Union ??" Bank of America Commercial...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionLB-UBS Commercial Mortgage Trust, 2000-C4782.0999.1D12.5AAAAA+Defeasance (33 percent of pool)---E7.5AA+AA-Banc of America Large Loan Inc., 2004-BBA4104.4912.3D16.9AAAAA+Increased subordination---E16.9AAAAA----F15.5AAAAA-----G15.1AA+A----H9.4A+A--GE Commercial Mortgage Corp., 2004-C31,301.31,871.5SHP-15.0AAABBB-Full defeasance of collateral loan---SHP-210.4AAABB+----SHP-33.4AAABB+----SHP-413.4AAABB- 

BioMed Realty Trust has paid $16.5 million for Pacific Corporate Park, a 66,745-square-foot office and research complex in the San Diego suburb of Sorrento Mesa, Calif.The San Diego REIT purchased the two-building complex from a venture between the...

KBS REIT has provided $43.3 million of financing for 11 South LaSalle, a 329,271-square-foot office building in Chicago.The floating-rate financing, which carries a rate pegged to Libor plus 295 basis points, was provided to Prime Group Inc. of...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionMorgan Stanley Dean Witter Capital I Trust, 2000-LIFE2561.4765.3C24.9Aa2Aa3Increased subordination; defeasance (8.5 percent of pool)JPMorgan Chase Commercial Mortgage Securities Corp., 2002-C1689.4816.7D10.2Aa2Aa3Increased subordination; defeasance (15.4 percent of pool)---E24.5A2A3----F12.3Baa1Baa2-Merrill Lynch Floating Trust, 2006-11,700.02,600.0B55.4AaaAa1Increased subordination---C48.9Aa1Aa2----D32.6Aa2Aa3-GMAC...

Commercial Real Estate Direct Staff ReportThe Radisson Denver Southeast, a 479-room hotel in Aurora, Colo., is being offered for sale.The property, constructed during the 1980s, is owned by Malaga LLC, a Denver-area opportunistic investor that had acquired it...