Commercial Real Estate Direct Staff ReportCMBS spreads continue to widen, with super-senior AAA bonds now being quoted at levels of about 70 basis points over swaps.The bright side is that the near glut of transactions that had been...

Developer Peter Moore has acquired an 88,000-square-foot development site in Manhattan's Hudson Square for $34 million. Olympic Diamond Corp., a diamond manufacturer, sold the property at 357 and 361 West St. and 156-162 Leroy St. Eastern Consolidated Properties...

Michael Stark, a founding member of Credit Suisse's real estate private fund group, has joined Park Hill Real Estate Group as senior managing principal.Stark will be co-head of Park Hill, a unit of Blackstone Group that provides equity-placement...

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...

AEW Capital Management has paid $22 million for Mullica Hill Plaza, a 90,876-square-foot retail property in Mullica Hill, N.J.The Boston investment manager purchased the property from Madison Development Inc. of Philadelphia. Marcus & Millichap brokered the deal.Mullica Hill...

Commercial Real Estate Direct Staff ReportCMBS spreads continue to widen, with super-senior AAA bonds now being quoted at levels of about 70 basis points over swaps.The bright side is that the near glut of transactions that had been...

Michael Stark, a founding member of Credit Suisse's real estate private fund group, has joined Park Hill Real Estate Group as senior managing principal.Stark will be co-head of Park Hill, a unit of Blackstone Group that provides equity-placement...

Dominguez Industrial Center LLC has paid $52.5 million for the Madrona Buildings, a 211,000-square-foot office complex in the Los Angeles suburb of Torrance, Calif.The Los Angeles investment group purchased the four-building property from G REIT, an affiliate of...

Developer Peter Moore has acquired an 88,000-square-foot development site in Manhattan's Hudson Square for $34 million. Olympic Diamond Corp., a diamond manufacturer, sold the property at 357 and 361 West St. and 156-162 Leroy St. Eastern Consolidated Properties...

Commercial vacancy rates remained relatively unchanged throughout the country, according to a second quarter survey by Property & Portfolio Research, a Boston firm, which tracks the market.Apartment and industrial vacancy rates remained flat from the first quarter at...

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...

AEW Capital Management has paid $22 million for Mullica Hill Plaza, a 90,876-square-foot retail property in Mullica Hill, N.J.The Boston investment manager purchased the property from Madison Development Inc. of Philadelphia. Marcus & Millichap brokered the deal.Mullica Hill...

Dominguez Industrial Center LLC has paid $52.5 million for the Madrona Buildings, a 211,000-square-foot office complex in the Los Angeles suburb of Torrance, Calif.The Los Angeles investment group purchased the four-building property from G REIT, an affiliate of...

Commercial Real Estate Direct Staff Report The ground beneath a 360,000-square-foot retail center in Commack, N.Y., is available for sale. It is expected to fetch about $80 million.Eastdil Secured is marketing the fee interest on the property, Crooked...

Commercial Real Estate Direct Staff ReportAdd Resource Capital Corp. to the long list of investors that are getting hammered by the volatility in the credit markets.The Philadelphia REIT that focuses on the commercial mortgage sector reported earnings today...

A venture between JPMorgan Investment Management and Seagate Properties has paid about $90 million for the San Rafael Corporate Center, a 157,723-square-foot office complex in San Rafael, Calif.The property was purchased from a venture between Sterling American Property...

Commercial Real Estate Direct Staff Report The ground beneath a 360,000-square-foot retail center in Commack, N.Y., is available for sale. It is expected to fetch about $80 million.Eastdil Secured is marketing the fee interest on the property, Crooked...

Maxim Integrated Products has purchased 6431 Longhorn Drive, a 624,473-square-foot industrial building in the Dallas suburb of Irving, Texas.A purchase price was not disclosed, but the property was offered for $95 million. The Sunnyvale, Calif., technology firm purchased...

Commercial Real Estate Direct Staff ReportAdd Resource Capital Corp. to the long list of investors that are getting hammered by the volatility in the credit markets.The Philadelphia REIT that focuses on the commercial mortgage sector reported earnings today...

Commercial Real Estate Direct Staff ReportRedwood Trust, a Mill Valley, Calif., REIT that started investing in CMBS two years ago, is exploring the CMBS derivatives market in order to diversify its exposure to the asset class.Because of its...

A venture between JPMorgan Investment Management and Seagate Properties has paid about $90 million for the San Rafael Corporate Center, a 157,723-square-foot office complex in San Rafael, Calif.The property was purchased from a venture between Sterling American Property...

Maxim Integrated Products has purchased 6431 Longhorn Drive, a 624,473-square-foot industrial building in the Dallas suburb of Irving, Texas.A purchase price was not disclosed, but the property was offered for $95 million. The Sunnyvale, Calif., technology firm purchased...

Commercial Real Estate Direct Staff ReportRedwood Trust, a Mill Valley, Calif., REIT that started investing in CMBS two years ago, is exploring the CMBS derivatives market in order to diversify its exposure to the asset class.Because of its...

Bank of New York and Allied Irish Bank have provided $700 million of construction financing for II River Place, a proposed 1,359-unit apartment property in midtown Manhattan.The financing, arranged by Cushman & Wakefield Sonnenblick-Goldman, allows developer Larry Silverstein...

Commercial Real Estate Direct Staff ReportWells Real Estate Funds has created a unit to develop new investment vehicles that will raise equity from institutional investors.David Steinwedell has moved from his role as chief investment officer of the Atlanta...