An affiliate of the Lane Co. has lined up $29.8 million of financing for the Serrano Condominiums, a 150-unit project under way in Atlanta.The affiliate, Abernathy Investment Associates, received the financing from Corus Bank, a Chicago lender. Terms...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-125.5030.002.7AAAAaa+40swapsA-1A275.2930.007.5AAAAaaNAswapsA-2219.2030.004.7AAAAaa+70swapsA-3333.7930.006.7AAAAaa+75swapsA-AB36.9430.007.0AAAAaa+65swapsA-4566.1730.009.7AAAAaaNAswapsA-M50.0020.009.9AAAAaa+85swapsA-1AM158.1320.009.8AAAAaaNAswapsA-J50.0014.6259.9AAAAaa+100swapsA-1AJ61.8714.6259.9AAAAaaNAswapsB23.4113.509.9AA+Aa1+125swapsC28.6212.1259.9AAAa2+135swapsD23.4111.009.9AA-Aa3+150swapsE18.2110.1259.9A+A1+170swapsF18.219.259.9AA2+195swapsG20.818.259.9A-A3+225swapsH20.817.259.9BBB+Baa1+285swapsJ26.026.009.9BBBBaa2+335swapsK28.624.6259.9BBB-Baa3+435swapsL20.813.6259.9BB+Ba1NATreasM7.813.259.9BBBa2NATreasN5.203.009.9BB-Ba3NATreasO5.202.759.9B+B1NATreasP5.202.509.9BB2NATreasQ7.812.1259.9B-B3NATreasS44.230.0010.2NRNRNATreasA-X2,081.26*NA8.3AAAAaaNATreas*Notional amount, interest onlyCollateral balance: $2,081.26Bookrunner(s): Credit SuisseLead Managers: Credit SuisseCo-managers: RBS Greenwich Capital, PNC Capital MarketsB-piece Buyer: ING ClarionMaster Servicer: KeyCorp Real Estate Capital Markets; Wachovia Bank; Midland Loan Services; NCB FSBSpecial Servicer: ING...
A fund sponsored by BPG Properties Ltd. has paid $23.9 million for Winterwood Pavilion, a 144,653-square-foot retail center in Las Vegas.The property, at 2208-2292 S. Nellis Blvd., is 90 percent leased to tenants such as Aaron Rents, Carl's...
ING Clarion Partners has acquired a joint-venture interest in the Village Shopping Center, a 212,116-square-foot retail property in Boulder, Colo., in a deal valued at $55.5 million. The New York investment manager purchased the property on behalf of...
Commercial Real Estate Direct Staff Report Commercial and multifamily mortgage origination volume in the second quarter of 2007 increased 26 percent from the first quarter. The volume, as reported by the Mortgage Bankers Association, also was up 40...
The Hearn Co. has agreed to pay $112 million for 1830 Von Karman, a 230,605-square-foot office building in Irvine, Calif. The Chicago firm is purchasing the property from Maguire Properties Inc. of Los Angeles. The purchase price translates...
Commercial Real Estate Direct Staff Report BB&T will double its commercial mortgage servicing portfolio to $20 billion with its pending acquisition of Collateral Real Estate Capital.The acquisition will also expand BB&T, a Southeast regional bank, into Fannie Mae's...
First Financial Network of Oklahoma City is offering a $200 million portfolio for a bank client, with bids due on Aug. 28. The Aug. 17 story, "Secondary Mortgage Market Blossoms with Offerings," incorrectly stated when the bids were...
Habitat Co. is offering for sale Columbus Plaza, a 533-unit apartment building in downtown Chicago.The Chicago developer has tapped HFF Inc. to market the 48-story building. It is hitting the market without an asking price, but expected to...
Simon Property Group Inc. has purchased The Shops at Las Americas, a 560,000-square-foot retail property in San Diego.The Indianapolis retail REIT acquired the property from a joint venture between Stoltz Real Estate Partners and an institutional investor managed...
Phillips Edison & Co. has completed the purchase of three retail properties totaling 275,406 square feet in two separate transactions.The Cincinnati real estate firm purchased two properties totaling 193,295 sf from Developers Diversified Realty Corp. The larger of...
A venture between the Trump Organization, Sapir Group and Bayrock Group has lined up $350 million of senior and mezzanine debt for the construction of Trump Soho, a 400-unit hotel and condominium project in Manhattan.The venture received $75...
Commercial Real Estate Direct Staff Report Commercial and multifamily mortgage origination volume in the second quarter of 2007 increased 26 percent from the first quarter. The volume, as reported by the Mortgage Bankers Association, also was up 40...
The Hearn Co. has agreed to pay $112 million for 1830 Von Karman, a 230,605-square-foot office building in Irvine, Calif. The Chicago firm is purchasing the property from Maguire Properties Inc. of Los Angeles. The purchase price translates...
First Financial Network of Oklahoma City is offering a $200 million portfolio for a bank client, with bids due on Aug. 28. The Aug. 17 story, "Secondary Mortgage Market Blossoms with Offerings," incorrectly stated when the bids were...
Simon Property Group Inc. has purchased The Shops at Las Americas, a 560,000-square-foot retail property in San Diego.The Indianapolis retail REIT acquired the property from a joint venture between Stoltz Real Estate Partners and an institutional investor managed...
A venture between the Trump Organization, Sapir Group and Bayrock Group has lined up $350 million of senior and mezzanine debt for the construction of Trump Soho, a 400-unit hotel and condominium project in Manhattan.The venture received $75...
Commercial Real Estate Direct Staff Report BB&T will double its commercial mortgage servicing portfolio to $20 billion with its pending acquisition of Collateral Real Estate Capital.The acquisition will also expand BB&T, a Southeast regional bank, into Fannie Mae's...
Habitat Co. is offering for sale Columbus Plaza, a 533-unit apartment building in downtown Chicago.The Chicago developer has tapped HFF Inc. to market the 48-story building. It is hitting the market without an asking price, but expected to...
Phillips Edison & Co. has completed the purchase of three retail properties totaling 275,406 square feet in two separate transactions.The Cincinnati real estate firm purchased two properties totaling 193,295 sf from Developers Diversified Realty Corp. The larger of...
An investment group has paid $10 million for Fairmount Place, a 77,203-square-foot office building in Phoenix. The Seattle group, which operates as Fairmount Office LLC, purchased the property from KBS Realty Advisors of Newport Beach, Calif.CB Richard Ellis...
Crown West Realty has paid $17.4 million for 501 S. Cherry St., a 155,717-square-foot office building in the Denver suburb of Glendale, Colo. The Spokane, Wash., firm purchased the 11-story building from CMD Realty Investors, a Chicago firm,...
An investment group has paid $10 million for Fairmount Place, a 77,203-square-foot office building in Phoenix. The Seattle group, which operates as Fairmount Office LLC, purchased the property from KBS Realty Advisors of Newport Beach, Calif.CB Richard Ellis...
AmTrust Realty Corp. has paid about $90 million for a portfolio of office properties totaling roughly 1.4 million square feet.The New York investment firm purchased the two-building portfolio from RVI Group, which marketed the properties through CB Richard...
Crown West Realty has paid $17.4 million for 501 S. Cherry St., a 155,717-square-foot office building in the Denver suburb of Glendale, Colo. The Spokane, Wash., firm purchased the 11-story building from CMD Realty Investors, a Chicago firm,...
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