Commercial Real Estate Direct Staff ReportInland American Real Estate Trust is forming a venture with an affiliate of Lexington Realty Trust to invest in properties throughout the United States that are net leased to single tenants.News of the...

Commercial Real Estate Direct Staff ReportA venture between NorthStar Realty Finance Corp. and Goldman Sachs' Whitehall Street Real Estate Funds has aborted its proposed $1.9 billion portfolio of apartment properties.The venture was to pay $525 million for the...

Commercial Real Estate Direct Staff reportCalifornia Public Employees Retirement System will be investing up to $2.5 billion in infrastructure assets. The pension fund's board has approved a pilot program that would invest $500 million to $2.5 billion in...

Commercial Real Estate Direct Staff ReportInland American Real Estate Trust is closing in on its acquisition of Apple Hospitality Five, a $709 million deal that will give it 27 upscale, extended-stay hotels with 3,539 rooms.The Oak Brook, Ill.,...

Commercial Real Estate Direct Staff ReportNational Office Properties paid $119.8 million for 301 Congress Ave., a 418,338-square-foot office building in Austin, Texas.As reported, the 22-story property was sold by a venture between Crescent Real Estate Equities Co. and...

Commercial Real Estate Direct Staff ReportBentleyForbes is seeking partners for its eight largest properties, representing roughly 5.8 million square feet of office space and a 387-room hotel.The Los Angeles firm has tapped Eastdil Secured to market stakes of...

CB Richard Ellis has hired two seasoned real estate professionals to run a new unit within its capital markets group that will help clients raise equity and high-yield debt.The two executives are Michael C. Coyne, who previously was...

GE Real Estate has provided $30 million of financing for Southgate shopping center, a 117,000-square-foot property in the Long Island community of Massapequa, N.Y.The lender structured the debt as a $10 million fixed-rate mortgage and $20 million revolving...

Praedium Group has paid $44.1 million for a portfolio of three properties in the Tampa, Fla., area and another in West Palm Beach, Fla.The properties, with 304,000 square feet, were purchased from Capital Realty Investors, a Tampa investment...

Eurohypo has provided $400 million of financing for KPMG Tower, a 1.1 million-square-foot office building in downtown Los Angeles that is owned by Maguire Properties Inc. The five-year loan pays a floating rate pegged to Libor plus 150...

Commercial Real Estate Direct Staff ReportJohn Beaman, a senior vice president and the head of CMBS trading at Lehman Brothers, has left the firm.One individual said he left to "pursue other opportunities." Lehman would not comment on his...

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,...

CB Richard Ellis has hired two seasoned real estate professionals to run a new unit within its capital markets group that will help clients raise equity and high-yield debt.The two executives are Michael C. Coyne, who previously was...

Commercial Real Estate Direct Staff ReportBentleyForbes is seeking partners for its eight largest properties, representing roughly 5.8 million square feet of office space and a 387-room hotel.The Los Angeles firm has tapped Eastdil Secured to market stakes of...

GE Real Estate has provided $30 million of financing for Southgate shopping center, a 117,000-square-foot property in the Long Island community of Massapequa, N.Y.The lender structured the debt as a $10 million fixed-rate mortgage and $20 million revolving...

Praedium Group has paid $44.1 million for a portfolio of three properties in the Tampa, Fla., area and another in West Palm Beach, Fla.The properties, with 304,000 square feet, were purchased from Capital Realty Investors, a Tampa investment...

Eurohypo has provided $400 million of financing for KPMG Tower, a 1.1 million-square-foot office building in downtown Los Angeles that is owned by Maguire Properties Inc. The five-year loan pays a floating rate pegged to Libor plus 150...

Commercial Real Estate Direct Staff ReportJohn Beaman, a senior vice president and the head of CMBS trading at Lehman Brothers, has left the firm.One individual said he left to "pursue other opportunities." Lehman would not comment on his...

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...