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...

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 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...

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...

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...

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...

IMT Capital has raised $350 million in equity commitments for an investment fund that will pursue investments in value-add multifamily properties.The investment vehicle, IMT Capital Fund, seeks under-valued multifamily property in key domestic markets. Institutional investors that include...

Commercial Real Estate Direct Staff ReportCarlton Advisory Services helped structure $130 million of debt and equity, enabling Metropolitan Real Estate Investors to complete its acquisition of 292 Madison Ave. in Manhattan. The transactions, a mortgage financing and the sale of...

The group that acquired a development tract at 537-545 W. 27th St. in Manhattan are looking to win air rights that would allow the development of a larger property than originally expected.The group is comprised of Jay Furman,...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnFitchNewRatingFitchOldRatingReason for Rating ActionMorgan Stanley Capital I Inc., 1998-WF2504.91,060.0F21.2AAAAAIncreased subordination---G23.9A+A-----H10.6BBB+BBB----J8.0BBBBBB-----K8.0BB+BB-CSFB Mortgage Securities Corp., 2006-TFL1583.61,080.0B39.0AAAAA+Increased subordination---C34.0AA+AA----D27.0AAAA-----E29.0AA-A+----F24.0A+A----G25.0AA-----H25.0A-BBB+-GMAC Commercial Mortgage Securities Corp., 2002-C3709.3777.4F9.7AAAAA+Increased subordination; defeasance (26.3 percent of pool)---G9.7AAAA-----H9.7A+A-Banc of America, First Union Commercial Mortgage Trust, 2001-3956.81,140.0G17.1AAAAA+Defeasance (25.9...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-161.7030.003.39AAAAAA+35swapsA-1A278.7430.008.58AAAAAANAswapsA-2227.4030.004.82AAAAAA+63swapsA-372.8030.007.04AAAAAA+74swapsA-4796.8930.009.70AAAAAA+68swapsA-M205.3620.009.88AAAAAA+79swapsA-J177.1211.3759.88AAAAAA+85swapsB33.379.759.91AAAA+125swapsC15.409.009.97AA-AA-+140swapsD28.247.6259.97AA+160swapsE15.406.8759.97A-A-+190swapsF30.805.37510.04BBB+BBB++235swapsG23.104.2511.75BBBBBBNAswapsH20.543.2511.88BBB-BBB-NAswapsJ10.272.7512.78BB+BB+NATreasK5.132.5013.47BBBBNATreasL7.702.12513.47BB-BB-NATreasM5.131.87513.47B+B+NATreasN5.131.62513.47BBNATreasO7.701.2513.85B-B-NATreasP25.67NA15.23NRNRNATreasX2,503.61*NA8.73AAAAAANATreas*Notional amount, interest onlyCollateral balance: $2,503.61 millionBookrunner(s): Morgan StanleyLead Managers: Morgan StanleyCo-managers: Bear Stearns, RBS Greenwich Capital, RBC Capital MarketsB-piece Buyer: Centerline REITMaster Servicer: Capmark Finance, Prudential Asset ResourcesSpecial Servicer: Centerline Servicing Inc.Trustee: Wells Fargo...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionCDC Commercial Mortgage Trust, 2002-FX1581.9637.5G12.8AAAA-Increased subordination; defeasance (51 percent of pool)---H9.6AA-A-----J14.3A-BBB+----K12.7BBBBBB-----L6.4BB+BB----M4.8BBBB-----N4.0BB-B+----P3.2B+B-Morgan Stanley Capital I Inc., 2006-XLF571.51,560.0B34.2AAAAA+Increased subordination---C53.3AAAAA----D38.0AAAAA----E69.5AAAAA----F23.7AAAA-----G23.7AA-A+----H23.7A+A----J23.3A--Morgan Stanley Capital I Inc., 1999-CAM1240.2806.5E20.2AAAAA-Increased subordination---F8.1AA+A+----G14.1AA-BBB+----H14.1A-BBB--First Union National Bank Commercial Mortgage Trust, 2001-C2867.81,002.0F10.0AAAAA+Increased subordination;...

Westfield Group and CBL & Associates Properties have formed a venture that will own a series of malls contributed by the two companies.Westfield is contributing three St. Louis-area malls with 3.3 million square feet to the venture, CW...

IMT Capital has raised $350 million in equity commitments for an investment fund that will pursue investments in value-add multifamily properties.The investment vehicle, IMT Capital Fund, seeks under-valued multifamily property in key domestic markets. Institutional investors that include...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchFinalPricing (bp)BnchmarkA-161.7030.003.39AAAAAA+35swapsA-1A278.7430.008.58AAAAAANAswapsA-2227.4030.004.82AAAAAA+63swapsA-372.8030.007.04AAAAAA+74swapsA-4796.8930.009.70AAAAAA+68swapsA-M205.3620.009.88AAAAAA+79swapsA-J177.1211.3759.88AAAAAA+85swapsB33.379.759.91AAAA+125swapsC15.409.009.97AA-AA-+140swapsD28.247.6259.97AA+160swapsE15.406.8759.97A-A-+190swapsF30.805.37510.04BBB+BBB++235swapsG23.104.2511.75BBBBBBNAswapsH20.543.2511.88BBB-BBB-NAswapsJ10.272.7512.78BB+BB+NATreasK5.132.5013.47BBBBNATreasL7.702.12513.47BB-BB-NATreasM5.131.87513.47B+B+NATreasN5.131.62513.47BBNATreasO7.701.2513.85B-B-NATreasP25.67NA15.23NRNRNATreasX2,503.61*NA8.73AAAAAANATreas*Notional amount, interest onlyCollateral balance: $2,503.61 millionBookrunner(s): Morgan StanleyLead Managers: Morgan StanleyCo-managers: Bear Stearns, RBS Greenwich Capital, RBC Capital MarketsB-piece Buyer: Centerline REITMaster Servicer: Capmark Finance, Prudential Asset ResourcesSpecial Servicer: Centerline Servicing Inc.Trustee: Wells Fargo...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnFitchNewRatingFitchOldRatingReason for Rating ActionMorgan Stanley Capital I Inc., 1998-WF2504.91,060.0F21.2AAAAAIncreased subordination---G23.9A+A-----H10.6BBB+BBB----J8.0BBBBBB-----K8.0BB+BB-CSFB Mortgage Securities Corp., 2006-TFL1583.61,080.0B39.0AAAAA+Increased subordination---C34.0AA+AA----D27.0AAAA-----E29.0AA-A+----F24.0A+A----G25.0AA-----H25.0A-BBB+-GMAC Commercial Mortgage Securities Corp., 2002-C3709.3777.4F9.7AAAAA+Increased subordination; defeasance (26.3 percent of pool)---G9.7AAAA-----H9.7A+A-Banc of America, First Union Commercial Mortgage Trust, 2001-3956.81,140.0G17.1AAAAA+Defeasance (25.9...

By Jeff Mordock, Commercial Real Estate Direct Staff WriterNewcastle Investment Corp. has paid $11 million for Quail Pointe, a 264-unit apartment complex in Phoenix.The New York real estate firm purchased the complex from Pro Properties, a Phoenix apartment...

The group that acquired a development tract at 537-545 W. 27th St. in Manhattan are looking to win air rights that would allow the development of a larger property than originally expected.The group is comprised of Jay Furman,...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionCDC Commercial Mortgage Trust, 2002-FX1581.9637.5G12.8AAAA-Increased subordination; defeasance (51 percent of pool)---H9.6AA-A-----J14.3A-BBB+----K12.7BBBBBB-----L6.4BB+BB----M4.8BBBB-----N4.0BB-B+----P3.2B+B-Morgan Stanley Capital I Inc., 2006-XLF571.51,560.0B34.2AAAAA+Increased subordination---C53.3AAAAA----D38.0AAAAA----E69.5AAAAA----F23.7AAAA-----G23.7AA-A+----H23.7A+A----J23.3A--Morgan Stanley Capital I Inc., 1999-CAM1240.2806.5E20.2AAAAA-Increased subordination---F8.1AA+A+----G14.1AA-BBB+----H14.1A-BBB--First Union National Bank Commercial Mortgage Trust, 2001-C2867.81,002.0F10.0AAAAA+Increased subordination;...

Commercial Real Estate Direct Staff ReportCarlton Advisory Services helped structure $130 million of debt and equity, enabling Metropolitan Real Estate Investors to complete its acquisition of 292 Madison Ave. in Manhattan. The transactions, a mortgage financing and the sale of...

By Jeff Mordock, Commercial Real Estate Direct Staff WriterNewcastle Investment Corp. has paid $11 million for Quail Pointe, a 264-unit apartment complex in Phoenix.The New York real estate firm purchased the complex from Pro Properties, a Phoenix apartment...

Westfield Group and CBL & Associates Properties have formed a venture that will own a series of malls contributed by the two companies.Westfield is contributing three St. Louis-area malls with 3.3 million square feet to the venture, CW...

Standard & Poor's has downgraded four classes of JPMorgan Chase Commercial Mortgage Securities Corp., 2004-CIBC8, because of a $13.9 million principal loss resulting from the liquidation of a $26.6 million apartment loan.The loss has impacted credit support levels...