ING Clarion Partners has teamed with Harvest Properties of Emeryville, Calif., to buy Tech Park at North Canyons, a 145,000-square-foot office/flex property in San Francisco's East Bay area for $21.5 million.The Tech Park property is in the Tri-Valley...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-18.0030.003.40AAAAaa+19swapsA-1A894.6230.007.75AAAAaaNAswapsA-2320.0030.004.84AAAAaa+30swapsA-2FL110.0030.004.84AAAAaa+18LiborA-371.0030.006.80AAAAaa+40swapsA-AB21.7030.007.53AAAAaa+37swapsA-4568.3430.009.81AAAAaa+34swapsA-4FL170.0030.009.81AAAAaa+25LiborA-4B100.0030.009.81AAAAaaNAswapsA-M203.3820.009.89AAAAaa+38swapsA-MFL120.0020.009.89AAAAaa+28LiborA-J103.7911.759.89AAAAaa+45swapsA-JFL163.0011.759.89AAAAaa+35LiborB32.3410.759.89AA+Aa1+53swapsC32.349.759.89AAAa2+58swapsD28.308.8759.89AA-Aa3+66swapsE24.258.1259.89A+A1+73swapsF28.307.259.89AA2+83swapsG40.426.009.92A-NR+93swapsH36.384.8759.97BBB+NR+175swapsJ28.304.009.97BBBNR+225swapsK32.343.009.97BBB-NR+300swapsL20.212.375NABB+NRNATreasM12.132.00NABBNRNATreasN4.041.875NABB-NRNATreasP8.091.625NAB+NRNATreasQ8.081.375NABNRNATreasS8.081.125NAB-NRNATreasT36.380.00NANRNRNATreas*Notional amount, interest onlyCollateral balance: $3,233.79 millionBookrunner(s): Lehman BrothersLead Managers: Lehman BrothersCo-managers: CitigroupB-piece Buyer: Anthracite CapitalMaster Servicer: KeyCorp Real Estate Capital MarketsSpecial Servicer: Midland Loan ServicesTrustee: LaSalle BankOriginators: Lehman Brothers (100 percent)Number of Loans/Properties: 104/132Top-10...
JPMorgan Chase Bank has extended the term of a $53 million mortgage on the Ridgeway shopping center, one of the largest open-air retail centers in Fairfield County, Conn.The loan, which was slated to mature this coming December, has...
Centerline Holding Co. has purchased $55 million of mezzanine loans and B-notes in three recent transactions.The New York investment manager acquired a $15.9 million mezzanine loan from JPMorgan, which provided a broader financing package for the construction of...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchRatingDBRSFinalPricing (bp)BnchmarkA-193.7027.003.39AAAAAAAAA+12swapsA-1A287.9227.009.25AAAAAAAAANAswapsA-2279.3027.004.66AAAAAAAAA+24swapsA-3137.4027.006.57AAAAAAAAA+36swapsA-AB112.3027.006.35AAAAAAAAA+37swapsA-41,077.0727.009.77AAAAAAAAA+34swapsA-M172.2917.009.90AAAAAAAAA+37swapsA-MFL100.0017.009.90AAAAAAAAA+26LiborA-J190.6010.009.95AAAAAAAAA+44swapsB54.468.0010.10AAAAAA+58swapsC30.636.87513.69AA-AA-AAlow+64swapsD30.635.7514.61AAA+80swapsE23.834.87514.61A-A-Alow+90swapsF23.834.0014.61BBB+BBB+BBBhigh+155swapsG30.632.87514.61BBBBBBBBB+195swapsH23.832.0014.61BBBBBBBBBlowNAswapsJ-P54.46-----NATreasX2,722.87*NANAAAAAAAAAANATreas*Notional amount, interest onlyCollateral balance: $2,722.87 millionBookrunner(s): Morgan Stanley, Bear StearnsLead Managers: Morgan Stanley, Bear StearnsB-piece Buyer: Centerline CapitalMaster Servicer: Wells Fargo BankSpecial Servicer: Centerline Servicing Inc.Trustee: LaSalle BankOriginators: Bear Stearns (40.4 percent), Morgan Stanley...
A partnership between Somera Capital Management and Rockwood Capital has completed its $145 million acquisition of University Mall, a 1.3 million-square-foot retail property in Tampa.The venture purchased the mall from Glimcher Realty Trust, a Columbus, Ohio, REIT.Glimcher placed...
Capmark Finance Inc. has provided $113 million of financing for Market Street at Woodlands, a 496,000-square-foot mixed-use property in The Woodlands, Texas.The financing, which has a 10-year term and requires only interest payments during its first three years,...
ING Clarion Partners has teamed with Harvest Properties of Emeryville, Calif., to buy Tech Park at North Canyons, a 145,000-square-foot office/flex property in San Francisco's East Bay area for $21.5 million.The Tech Park property is in the Tri-Valley...
JPMorgan Chase Bank has extended the term of a $53 million mortgage on the Ridgeway shopping center, one of the largest open-air retail centers in Fairfield County, Conn.The loan, which was slated to mature this coming December, has...
Centerline Holding Co. has purchased $55 million of mezzanine loans and B-notes in three recent transactions.The New York investment manager acquired a $15.9 million mezzanine loan from JPMorgan, which provided a broader financing package for the construction of...
A partnership between Somera Capital Management and Rockwood Capital has completed its $145 million acquisition of University Mall, a 1.3 million-square-foot retail property in Tampa.The venture purchased the mall from Glimcher Realty Trust, a Columbus, Ohio, REIT.Glimcher placed...
Capmark Finance Inc. has provided $113 million of financing for Market Street at Woodlands, a 496,000-square-foot mixed-use property in The Woodlands, Texas.The financing, which has a 10-year term and requires only interest payments during its first three years,...
Corus Bank is providing a $108.9 million construction loan for the Highgrove Condominium, a proposed 92-unit residential condo building in Stamford, Conn. The property is being developed by an affiliate of Ceebraid-Signal Corp., which provided a letter-of-credit as...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-18.0030.003.40AAAAaa+19swapsA-1A894.6230.007.75AAAAaaNAswapsA-2320.0030.004.84AAAAaa+30swapsA-2FL110.0030.004.84AAAAaa+18LiborA-371.0030.006.80AAAAaa+40swapsA-AB21.7030.007.53AAAAaa+37swapsA-4568.3430.009.81AAAAaa+34swapsA-4FL170.0030.009.81AAAAaa+25LiborA-4B100.0030.009.81AAAAaaNAswapsA-M203.3820.009.89AAAAaa+38swapsA-MFL120.0020.009.89AAAAaa+28LiborA-J103.7911.759.89AAAAaa+45swapsA-JFL163.0011.759.89AAAAaa+35LiborB32.3410.759.89AA+Aa1+53swapsC32.349.759.89AAAa2+58swapsD28.308.8759.89AA-Aa3+66swapsE24.258.1259.89A+A1+73swapsF28.307.259.89AA2+83swapsG40.426.009.92A-NR+93swapsH36.384.8759.97BBB+NR+175swapsJ28.304.009.97BBBNR+225swapsK32.343.009.97BBB-NR+300swapsL20.212.375NABB+NRNATreasM12.132.00NABBNRNATreasN4.041.875NABB-NRNATreasP8.091.625NAB+NRNATreasQ8.081.375NABNRNATreasS8.081.125NAB-NRNATreasT36.380.00NANRNRNATreas*Notional amount, interest onlyCollateral balance: $3,233.79 millionBookrunner(s): Lehman BrothersLead Managers: Lehman BrothersCo-managers: CitigroupB-piece Buyer: Anthracite CapitalMaster Servicer: KeyCorp Real Estate Capital MarketsSpecial Servicer: Midland Loan ServicesTrustee: LaSalle BankOriginators: Lehman Brothers (100 percent)Number of Loans/Properties: 104/132Top-10...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchRatingDBRSFinalPricing (bp)BnchmarkA-193.7027.003.39AAAAAAAAA+12swapsA-1A287.9227.009.25AAAAAAAAANAswapsA-2279.3027.004.66AAAAAAAAA+24swapsA-3137.4027.006.57AAAAAAAAA+36swapsA-AB112.3027.006.35AAAAAAAAA+37swapsA-41,077.0727.009.77AAAAAAAAA+34swapsA-M172.2917.009.90AAAAAAAAA+37swapsA-MFL100.0017.009.90AAAAAAAAA+26LiborA-J190.6010.009.95AAAAAAAAA+44swapsB54.468.0010.10AAAAAA+58swapsC30.636.87513.69AA-AA-AAlow+64swapsD30.635.7514.61AAA+80swapsE23.834.87514.61A-A-Alow+90swapsF23.834.0014.61BBB+BBB+BBBhigh+155swapsG30.632.87514.61BBBBBBBBB+195swapsH23.832.0014.61BBBBBBBBBlowNAswapsJ-P54.46-----NATreasX2,722.87*NANAAAAAAAAAANATreas*Notional amount, interest onlyCollateral balance: $2,722.87 millionBookrunner(s): Morgan Stanley, Bear StearnsLead Managers: Morgan Stanley, Bear StearnsB-piece Buyer: Centerline CapitalMaster Servicer: Wells Fargo BankSpecial Servicer: Centerline Servicing Inc.Trustee: LaSalle BankOriginators: Bear Stearns (40.4 percent), Morgan Stanley...
Commercial Real Estate Direct Staff ReportA venture of Principal Real Estate Investors and Mermel & McLain Management has acquired 104 W. 40th St., a 210,000-square-foot office building in midtown Manhattan.The seller is believed to be a venture of...
Carlton Group arranged the complex series of transactions that allowed Metropolitan Real Estate Investors to buy 885 Third Ave., a 587,000-square-foot office building in midtown Manhattan.As reported, Metropolitan, which is led by investor Haim Revah, purchased a majority...
Prime Property Investors has paid roughly $20 million for a portfolio of Midwestern student-housing properties totaling 570 beds.The Northbrook, Ill., firm purchased the three-property portfolio from an undisclosed seller. The portfolio consists of a property near the Indiana...
Commercial Real Estate Direct Staff ReportKurt Kaline, a long-time CMBS trader, has joined Winthrop Realty Partners as managing director to oversee the firm's investments in a wide range of real estate debt securities. Kaline, who most recently was...
MGP Real Estate has acquired the Collington Trade Center, a 200,365-square-foot industrial property in Upper Marlboro, Md.A purchase price was not disclosed. Industrial properties in Prince George's County, Md., are trading for $125/sf, according to data from Real...
Antares Investment Partners has paid $87 million for two office properties totaling 305,000 square feet, along with a 70-slip marina, in Stamford, Conn. The Greenwich, Conn., investment firm purchased the properties from Seaboard Partners Inc. of Stamford, which...
Taberna Securities, an affiliate of RAIT Financial Trust of Philadelphia, has provided $60 million of unsecured financing to Vestin Realty Mortgage II Inc., a Las Vegas REIT that originates short-term commercial mortgages. The financing pays a fixed rate of...
Capmark Finance Inc. has provided $67.5 million of financing for 250 S. Wacker Drive, a 265,000-square-foot office building in downtown Chicago.The financing funded the $60 million purchase of the 16-story property by an affiliate of AEW Capital Management....
National Commercial Ventures/CVI has paid $42.3 million for Loma Vista Apartments, a 402-unit complex in North Las Vegas, Nev.The Las Vegas firm purchased the property from American Capital Group, which marketed it through Marcus & Millichap.Loma Vista was...
Capmark Finance Inc. has provided $32.1 million of interim financing for 250 Brannan St., a 90,348-square-foot office building in San Francisco.The property was recently purchased by Pat Broe, a Denver railroad tycoon, for $31 million. It is completely...
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