ScanlanKemperBard Cos. has paid $61.5 million for two office properties totaling 166,861 square feet in suburban San Francisco.The Portland, Ore., real estate firm purchased the 43,661-sf Berkeley Tower in downtown Berkeley, Calif., and the 123,200-sf Jackson Center I...
KBS REIT has agreed to pay $33.1 million for ADP Plaza, a 180,772-square-foot office building in Portland, Ore.The non-traded REIT, which is managed by KBS Realty Advisors, a Newport Beach, Calif., investment manager, is buying the four-story building...
Commercial Real Estate Direct Staff ReportReturns from institutional investors' commercial property holdings increased in the second quarter to 4.59 percent, up 97 basis points from the preceding quarter. Meanwhile, cap rates, or initial yields, on the holdings dropped...
Bascom Group has paid $15.8 million for Harbor Terrace, a 100-unit apartment complex in Santa Ana, Calif.The Irvine, Calif., investor purchased the property from a private group operating as Donbev Prop II LTD, which marketed it through Marcus...
An affiliate of Behringer Harvard has agreed to pay $73 million for a portfolio of three Houston office buildings with a combined 579,000 square feet.The Dallas investment manager is buying the properties through its Behringer Harvard Opportunity REIT...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-119.0130.002.36AAAAAAAaa+60swapsA-1A287.3030.008.59AAAAAAAaaNAswapsA-2444.9030.004.78AAAAAAAaa+65swapsA-SB54.1830.006.89AAAAAAAaa+60swapsA-3346.1930.006.81AAAAAAAaa+83swapsA-4601.6930.009.80AAAAAAAaa+57swapsA-M250.4720.009.90AAAAAAAaa+85swapsA-J197.2412.1259.96AAAAAANR+110swapsB21.9211.259.96AA+AA+NR+135swapsC28.1810.1259.96AAAANR+145swapsD21.929.259.96AA-AA-NR+155swapsE12.528.759.96A+A+NR+185swapsF25.057.759.96AANR+215swapsG28.186.6259.96A-A-NR+245swapsH28.185.509.96BBB+BBB+NR+325swapsJ28.184.3759.96BBBBBBNR+400swapsK28.183.259.96BBB-BBB-NR+500swapsL9.392.875NABB+BB+NRNATreasM9.392.50NABBBBNRNATreasN6.262.25NABB-BB-NRNATreasP6.262.00NAB+B+NRNATreasQ6.261.75NABBNRNATreasT3.131.625NAB-B-NRNATreasNR40.700.00NANRNRNRNATreas*Notional amount, interest onlyCollateral balance: $2,504.67 millionBookrunner(s): JPMorgan SecuritiesLead Managers: JPMorgan Securities, UBS SecuritiesCo-managers: Natixis SecuritiesB-piece Buyer: JER Investors TrustMaster Servicer: Wells Fargo BankSpecial Servicer: J.E. Robert Cos.Trustee: LaSalle Bank Originators: JPMorgan Chase (41.2 percent),...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-121.0030.003.47AAAAAAAaa+45swapsA-1A422.8530.008.18AAAAAAAaaNAswapsA-2495.0030.004.78AAAAAAAaa+73swapsA-3169.0030.006.95AAAAAAAaa+75swapsA-AB67.0030.006.93AAAAAAAaa+67swapsA-4910.4130.009.80AAAAAAAaa+59swapsA-M297.8920.009.88AAAAAAAaa+85swapsA-J156.4014.759.88AAAAAAAaa+105swapsB33.5113.6259.88AA+AA+Aa1+135swapsC37.2412.3759.88AAAAAa2+145swapsD33.5111.259.88AA-AA-Aa3+155swapsE29.7910.259.88A+A+A1+175swapsF29.799.259.90AAA2+195swapsG33.518.1259.96A-A-A3+225swapsH37.246.8759.96BBB+BBB+Baa1+300swapsJ40.965.509.96BBBBBBBaa2+350swapsK29.784.509.96BBB-BBB-Baa3+450swapsL44.683.00NABB+BB+NRNATreasM14.902.50NABBBBNRNATreasN11.172.125NABB-BB-NRNATreasP3.722.00NAB+B+NRNATreasQ7.451.75NABBNRNATreasS7.451.50NAB-B-NRNATreasT44.680.00NANRNRNRNATreas*Notional amount, interest onlyCollateral balance: $2,978.94 millionBookrunner(s): Lehman Brothers, UBS SecuritiesLead Managers: Lehman Brothers, UBS SecuritiesCo-managers: Banc of America SecuritiesMaster Servicer: Wachovia BankSpecial Servicer: Midland Loan ServicesTrustee: LaSalle BankOriginators: Lehman Brothers (64.1 percent), UBS (35.9...
This transaction priced on Aug. 17.ClassAmt$mlnAvgLife (yrs)SubLevel%RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-1600.001.8085.37AAAAAAAaa+45LiborA-2FL121.004.8075.61AAAAAAAaa+60LiborA-2FX279.004.8075.61AAAAAAAaaNAswapA-3800.004.8056.10AAAAAAAaaNALiborA-4FL250.004.8037.20AAAAAAAaa+65LiborA-4FX525.004.8037.20AAAAAAAaaNAswapB125.364.8034.14AA+AA+Aa1NALiborC-FL85.864.8029.80AAAAAa2+100LiborC-FX91.984.8029.80AAAAAa2NAswapD107.644.8027.18AA-AA-Aa3+110LiborE114.164.8024.39A+A+A1NALiborF124.521.8021.35AAA2NALiborG131.041.8018.16A-A-A3NALiborH130.441.8014.98BBB+BBB+Baa1NALiborJ100.001.8012.54BBBBBBBaa2NALiborK214.001.807.32BBB-BBB-Baa3NALiborL200.001.802.44BB+BB+Ba1NALiborM100.001.800.00BBBBBa2NALiborX-2A700.00*NANAAAAAAAAaaNALiborX-2B700.00*NANAAAAAAAAaaNALibor*Notional amount, interest onlyCollateral balance: $2,147.43 millionBookrunner(s): Wachovia Securities, Bear Stearns, Banc of America, Merrill LynchLead Managers: Wachovia Securities, Bear Stearns, Banc of America, Merrill LynchMaster Servicer: Wachovia BankSpecial Servicer: Wachovia...
Riverfront Plaza, a 129,250-square-foot retail center in northern New Jersey, has traded hands for $45.4 million, or $351/sf.The property, at 500 S. River St. in Hackensack, near both I-80 and Route 46, was purchased by Crossroads Cos. of...
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...
An Arcadia, Calif., investor has paid $21.9 million for Bryant Ranch Shopping Center, an 89,692-square-foot retail property in the Los Angeles suburb of Yorba Linda, Calif.The buyer, which operates as First Duarte Bryant Ranch LLC, purchased the property...
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...
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: $2,081.26Bookrunner(s): Credit SuisseLead Managers: Credit SuisseCo-managers: RBS Greenwich Capital, PNC Capital MarketsB-piece Buyer: ING ClarionMaster Servicer: KeyCorp Real Estate Capital Markets; Wachovia Bank; Midland Loan Services; NCB FSBSpecial Servicer: ING...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-119.0130.002.36AAAAAAAaa+60swapsA-1A287.3030.008.59AAAAAAAaaNAswapsA-2444.9030.004.78AAAAAAAaa+65swapsA-SB54.1830.006.89AAAAAAAaa+60swapsA-3346.1930.006.81AAAAAAAaa+83swapsA-4601.6930.009.80AAAAAAAaa+57swapsA-M250.4720.009.90AAAAAAAaa+85swapsA-J197.2412.1259.96AAAAAANR+110swapsB21.9211.259.96AA+AA+NR+135swapsC28.1810.1259.96AAAANR+145swapsD21.929.259.96AA-AA-NR+155swapsE12.528.759.96A+A+NR+185swapsF25.057.759.96AANR+215swapsG28.186.6259.96A-A-NR+245swapsH28.185.509.96BBB+BBB+NR+325swapsJ28.184.3759.96BBBBBBNR+400swapsK28.183.259.96BBB-BBB-NR+500swapsL9.392.875NABB+BB+NRNATreasM9.392.50NABBBBNRNATreasN6.262.25NABB-BB-NRNATreasP6.262.00NAB+B+NRNATreasQ6.261.75NABBNRNATreasT3.131.625NAB-B-NRNATreasNR40.700.00NANRNRNRNATreas*Notional amount, interest onlyCollateral balance: $2,504.67 millionBookrunner(s): JPMorgan SecuritiesLead Managers: JPMorgan Securities, UBS SecuritiesCo-managers: Natixis SecuritiesB-piece Buyer: JER Investors TrustMaster Servicer: Wells Fargo BankSpecial Servicer: J.E. Robert Cos.Trustee: LaSalle Bank Originators: JPMorgan Chase (41.2 percent),...
This transaction priced on Aug. 17.ClassAmt$mlnAvgLife (yrs)SubLevel%RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-1600.001.8085.37AAAAAAAaa+45LiborA-2FL121.004.8075.61AAAAAAAaa+60LiborA-2FX279.004.8075.61AAAAAAAaaNAswapA-3800.004.8056.10AAAAAAAaaNALiborA-4FL250.004.8037.20AAAAAAAaa+65LiborA-4FX525.004.8037.20AAAAAAAaaNAswapB125.364.8034.14AA+AA+Aa1NALiborC-FL85.864.8029.80AAAAAa2+100LiborC-FX91.984.8029.80AAAAAa2NAswapD107.644.8027.18AA-AA-Aa3+110LiborE114.164.8024.39A+A+A1NALiborF124.521.8021.35AAA2NALiborG131.041.8018.16A-A-A3NALiborH130.441.8014.98BBB+BBB+Baa1NALiborJ100.001.8012.54BBBBBBBaa2NALiborK214.001.807.32BBB-BBB-Baa3NALiborL200.001.802.44BB+BB+Ba1NALiborM100.001.800.00BBBBBa2NALiborX-2A700.00*NANAAAAAAAAaaNALiborX-2B700.00*NANAAAAAAAAaaNALibor*Notional amount, interest onlyCollateral balance: $2,147.43 millionBookrunner(s): Wachovia Securities, Bear Stearns, Banc of America, Merrill LynchLead Managers: Wachovia Securities, Bear Stearns, Banc of America, Merrill LynchMaster Servicer: Wachovia BankSpecial Servicer: Wachovia...
Riverfront Plaza, a 129,250-square-foot retail center in northern New Jersey, has traded hands for $45.4 million, or $351/sf.The property, at 500 S. River St. in Hackensack, near both I-80 and Route 46, was purchased by Crossroads Cos. of...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-121.0030.003.47AAAAAAAaa+45swapsA-1A422.8530.008.18AAAAAAAaaNAswapsA-2495.0030.004.78AAAAAAAaa+73swapsA-3169.0030.006.95AAAAAAAaa+75swapsA-AB67.0030.006.93AAAAAAAaa+67swapsA-4910.4130.009.80AAAAAAAaa+59swapsA-M297.8920.009.88AAAAAAAaa+85swapsA-J156.4014.759.88AAAAAAAaa+105swapsB33.5113.6259.88AA+AA+Aa1+135swapsC37.2412.3759.88AAAAAa2+145swapsD33.5111.259.88AA-AA-Aa3+155swapsE29.7910.259.88A+A+A1+175swapsF29.799.259.90AAA2+195swapsG33.518.1259.96A-A-A3+225swapsH37.246.8759.96BBB+BBB+Baa1+300swapsJ40.965.509.96BBBBBBBaa2+350swapsK29.784.509.96BBB-BBB-Baa3+450swapsL44.683.00NABB+BB+NRNATreasM14.902.50NABBBBNRNATreasN11.172.125NABB-BB-NRNATreasP3.722.00NAB+B+NRNATreasQ7.451.75NABBNRNATreasS7.451.50NAB-B-NRNATreasT44.680.00NANRNRNRNATreas*Notional amount, interest onlyCollateral balance: $2,978.94 millionBookrunner(s): Lehman Brothers, UBS SecuritiesLead Managers: Lehman Brothers, UBS SecuritiesCo-managers: Banc of America SecuritiesMaster Servicer: Wachovia BankSpecial Servicer: Midland Loan ServicesTrustee: LaSalle BankOriginators: Lehman Brothers (64.1 percent), UBS (35.9...
An Arcadia, Calif., investor has paid $21.9 million for Bryant Ranch Shopping Center, an 89,692-square-foot retail property in the Los Angeles suburb of Yorba Linda, Calif.The buyer, which operates as First Duarte Bryant Ranch LLC, purchased the property...
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...
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