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...

  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...

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;...