By Jeff Mordock, Commercial Real Estate Direct Staff WriterRreef Funds is offering for sale the Embassy Building, a 199,626-square-foot office building in the Dallas suburb of Irving, Texas.The New York investment manager has tapped the Dallas office of...

Apollo Real Estate Finance Corp. has provided $67 million of construction financing to a venture advised by GE Asset Management for the redevelopment of Channel Center, a massive mixed-use project along the South Boston waterfront.The financing, arranged by...

A Behringer Harvard affiliate has paid $15.5 million for a 70 percent interest in Frisco Square, a mixed-use complex under construction in the Dallas suburb of Frisco, Texas.The Dallas company's acquisition of a stake in the property was...

GE Real Estate and Levy Affiliated Holdings have paid $41.5 million for Encino Courtyard, a 99,261-square-foot retail center in the Los Angeles suburb of Encino, Calif.The property, at 17401 Ventura Blvd., was purchased from a group that included...

Jan Sternin, a former senior vice president of Midland Loan Services Inc., has been named senior vice president of the Mortgage Bankers Association's commercial/multifamily unit.Sternin replaces Gail Davis Cardwell, who left the trade group earlier this year when...

A Behringer Harvard affiliate has paid $15.5 million for a 70 percent interest in Frisco Square, a mixed-use complex under construction in the Dallas suburb of Frisco, Texas.The Dallas company's acquisition of a stake in the property was...

Apollo Real Estate Finance Corp. has provided $67 million of construction financing to a venture advised by GE Asset Management for the redevelopment of Channel Center, a massive mixed-use project along the South Boston waterfront.The financing, arranged by...

Jan Sternin, a former senior vice president of Midland Loan Services Inc., has been named senior vice president of the Mortgage Bankers Association's commercial/multifamily unit.Sternin replaces Gail Davis Cardwell, who left the trade group earlier this year when...

GE Real Estate and Levy Affiliated Holdings have paid $41.5 million for Encino Courtyard, a 99,261-square-foot retail center in the Los Angeles suburb of Encino, Calif.The property, at 17401 Ventura Blvd., was purchased from a group that included...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-114.3930.002.82AAAAaa+40swapsA-1A564.7430.007.25AAAAaaNAswapsA-2392.0730.004.81AAAAaa+65swapsA-3327.8030.006.87AAAAaa+78swapsA-PB67.6430.007.12AAAAaa+78swapsA-4998.8430.009.63AAAAaa+76swapsA-5156.0030.009.90AAAAaa+75swapsA-M360.2120.009.90AAAAaa+85swapsA-J247.6513.1259.90AAAAaa+95swapsB36.0212.1259.90AA+Aa1+125swapsC40.5211.009.90AAAa2+140swapsD36.0210.009.90AA-Aa3+150swapsE31.529.1259.90A+A1+175swapsF27.028.3759.90AA2+200swapsG36.027.3759.90A-A3+225swapsH40.526.259.97BBB+Baa1NAswapsJ49.534.8759.98BBBBaa2NAswapsK36.023.8759.98BBB-Baa3NAswapsL27.023.125-BB+Ba1NATreasM13.512.75-BBBa2NATreasN9.012.50-BB-Ba3NATreasO13.512.125-B+B1NATreasP9.011.875-BB2NATreasQ9.011.625-B-B3NATreasS58.530.00-NRNRNATreasIO3,602.12*NANAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $3,602.12 millionBookrunner(s): Wachovia SecuritiesLead Managers: Wachovia SecuritiesCo-managers: Barclays CapitalB-piece Buyer: LNR Securities HoldingsMaster Servicer: Wachovia BankSpecial Servicer: LNR PartnersTrustee: Wells Fargo BankOriginators: Wachovia Bank (56.7 percent), Barclays Capital Real Estate...

Northeast Securities Development Corp. has paid $15 million for Tower Place, a 108,000-square-foot retail property and an adjacent 1,082-sparking garage in downtown Cincinnati.The New York real estate firm purchased the building from LaSalle Investment Management, which marketed the...

An affiliate of Lexington Realty Trust has formed a venture to invest in U.S. properties that are net leased to single tenants.The venture, with an undisclosed partner, has agreed to buy 53 properties from Lexington for $940 million,...

A fund managed by Transwestern Investment Co. has paid $86 million for One and Two Corporate Centre, a 330,000-square-foot office complex in the San Francisco suburb of Concord, Calif.The fund, Aslan Realty Partners III, purchased the property from...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionMerrill Lynch Mortgage Trust, 2002-MW1935.61,100.0D10.8Aa1Aa2Increased subordination; defeasance (32.9 percent of pool)---E18.9Aa2A2----F17.6A3Baa2----G17.6Baa2Baa3-Commercial Mortgage Asset Trust, 1999-C11,860.02,370.0F53.4Baa1Baa2Defeasance (27.7 percent of pool)Wachovia Bank Commercial Mortgage Trust, 2003-C6890.2952.7D25.0AaaAa3Increased subordination; defeasance (26.8 percent of pool)---E14.3Aa1A1----F17.9A1Baa1----G13.1A3Baa2----H13.1Baa2Baa3-Morgan Stanley...

Prudential Real Estate Investors has paid $37.3 million for the Wellington Green Square Shopping Center, a 91,987-square-foot retail property in the West Palm Beach suburb of Wellington, Fla. The investment manager purchased the property on behalf of its...

Behringer Harvard has purchased a stake in Frisco Square, a massive mixed-use complex under construction in the Dallas suburb of Frisco, Texas.The Dallas firm acquired an undetermined interest in 43,500-square-feet of office space, 114 apartment units and 57,000...

Quanah Hospitality Partners, a Dallas hotel developer, said it has lined up $100 million to acquire, develop and operate Value Place extended-stay hotel properties.Included in the capitalization is $80 million of construction debt provided by NorthStar Realty Finance...

Mission West Properties Inc., which in July announced that it was in talks to be acquired by a private equity fund in a deal valued at $1.8 billion, said it was "unlikely" to close a deal with that...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-114.3930.002.82AAAAaa+40swapsA-1A564.7430.007.25AAAAaaNAswapsA-2392.0730.004.81AAAAaa+65swapsA-3327.8030.006.87AAAAaa+78swapsA-PB67.6430.007.12AAAAaa+78swapsA-4998.8430.009.63AAAAaa+76swapsA-5156.0030.009.90AAAAaa+75swapsA-M360.2120.009.90AAAAaa+85swapsA-J247.6513.1259.90AAAAaa+95swapsB36.0212.1259.90AA+Aa1+125swapsC40.5211.009.90AAAa2+140swapsD36.0210.009.90AA-Aa3+150swapsE31.529.1259.90A+A1+175swapsF27.028.3759.90AA2+200swapsG36.027.3759.90A-A3+225swapsH40.526.259.97BBB+Baa1NAswapsJ49.534.8759.98BBBBaa2NAswapsK36.023.8759.98BBB-Baa3NAswapsL27.023.125-BB+Ba1NATreasM13.512.75-BBBa2NATreasN9.012.50-BB-Ba3NATreasO13.512.125-B+B1NATreasP9.011.875-BB2NATreasQ9.011.625-B-B3NATreasS58.530.00-NRNRNATreasIO3,602.12*NANAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $3,602.12 millionBookrunner(s): Wachovia SecuritiesLead Managers: Wachovia SecuritiesCo-managers: Barclays CapitalB-piece Buyer: LNR Securities HoldingsMaster Servicer: Wachovia BankSpecial Servicer: LNR PartnersTrustee: Wells Fargo BankOriginators: Wachovia Bank (56.7 percent), Barclays Capital Real Estate...

A venture between Angelo, Gordon & Co. and Cambra Real Estate has paid $32.6 million for Glendale Financial Square, a 122,358-square-foot office complex in the Los Angeles suburb of Glendale, Calif.The venture purchased the two-building property from Delma...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionMerrill Lynch Mortgage Trust, 2002-MW1935.61,100.0D10.8Aa1Aa2Increased subordination; defeasance (32.9 percent of pool)---E18.9Aa2A2----F17.6A3Baa2----G17.6Baa2Baa3-Commercial Mortgage Asset Trust, 1999-C11,860.02,370.0F53.4Baa1Baa2Defeasance (27.7 percent of pool)Wachovia Bank Commercial Mortgage Trust, 2003-C6890.2952.7D25.0AaaAa3Increased subordination; defeasance (26.8 percent of pool)---E14.3Aa1A1----F17.9A1Baa1----G13.1A3Baa2----H13.1Baa2Baa3-Morgan Stanley...

Moody's Investors Service has downgraded three classes of Salomon Brothers Commercial Mortgage Trust, 2001-C2, because of expected losses from loans in special servicing.The rating agency said three of the deal's collateral loans, totaling 3.1 percent of the deal's...

Quanah Hospitality Partners, a Dallas hotel developer, said it has lined up $100 million to acquire, develop and operate Value Place extended-stay hotel properties.Included in the capitalization is $80 million of construction debt provided by NorthStar Realty Finance...

A fund managed by Transwestern Investment Co. has paid $86 million for One and Two Corporate Centre, a 330,000-square-foot office complex in the San Francisco suburb of Concord, Calif.The fund, Aslan Realty Partners III, purchased the property from...

Northeast Securities Development Corp. has paid $15 million for Tower Place, a 108,000-square-foot retail property and an adjacent 1,082-sparking garage in downtown Cincinnati.The New York real estate firm purchased the building from LaSalle Investment Management, which marketed the...