Commercial Real Estate Direct Staff Report The U.S. Fund for UNICEF has acquired 70,000 square feet of office condominium space at 125 Maiden Lane in downtown Manhattan.The nonprofit plans to relocate its headquarters to the space from 333...

Commercial Real Estate Direct Staff ReportBroadway Real Estate Partners has sold two Seattle properties for $300 million to Kennedy Wilson and an investment fund it manages.The Beverly Hills, Calif., firm and its KW Fund I acquired 901 Fifth...

Standard & Poor's has downgraded the $32.8 million class K of Wachovia Bank Commercial Mortgage Trust, 2005-WHALE 6 to BB from BBB- because of issues impacting two of the deal's four remaining collateral loans.The two loans are: a...

Wachovia Bank has provided $82.65 million of financing for the San Francisco Giftcenter and Jewelrymart, a 388,234-square-foot shopping center in downtown San Francisco. HFF Inc.'s Portland, Ore., office arranged the three-year loan.The two-building property, at 850 and 888...

GE Real Estate has provided $51.5 million of financing for Paradise Village, a 269,188-square-foot office property in the Phoenix area.The 20-year-old property was acquired earlier this year by a venture between Sterling American Property Inc. and Lincoln Property...

Post Investment Group has paid $23.5 million for Paradise Bay Apartments, a 783-unit complex in Corpus Christi, Texas.The Los Angeles affiliate of Post Properties, which financed the acquisition with $21.5 million of mortgage financing, said it would invest...

General Growth Properties Inc. has paid $950 million for the 50 percent of the GGP/Homart I portfolio of shopping malls that it did not already own. The Chicago REIT purchased the interest from the New York Common Retirement...

Citigroup and Pembrook Capital Management have provided a total of $95 million of financing for the Oakwood Center Mall, a 947,000-square-foot shopping center in the New Orleans suburb of Gretna, La.Citigroup lent $75 million against the shopping center,...

Moody's Investors Service last week upgraded a total of 100 classes in 51 CMBS transactions, the latest batch of mass upgrades resulting from its regular quantitative analysis of conduit deals.The rating agency last year adopted what it termed...

Commercial Real Estate Direct Staff Report Mission West Properties is in negotiations to be acquired by a private equity fund.The Cupertino, Calif., REIT, whose investment focus is research and development properties in California's Silicon Valley, says a sale...

An Arizona investment group has paid $18 million, or nearly $261/sf, for the Hitachi Corporate Center, a 69,090-square-foot office building in San Diego.The group, which operates as MHMS, purchased the three-story building from Bixby Land Co. of Newport...

A venture between WCB Properties and UBS Global Asset Management has paid $92 million for Union Bank Square, a 397,041-square-foot office complex in Orange, Calif.The venture acquired the four-building property from the Colton Co. of Irvine, Calif., which...

GE Real Estate has provided $51.5 million of financing for Paradise Village, a 269,188-square-foot office property in the Phoenix area.The 20-year-old property was acquired earlier this year by a venture between Sterling American Property Inc. and Lincoln Property...

Moody's Investors Service last week upgraded a total of 100 classes in 51 CMBS transactions, the latest batch of mass upgrades resulting from its regular quantitative analysis of conduit deals.The rating agency last year adopted what it termed...

Post Investment Group has paid $23.5 million for Paradise Bay Apartments, a 783-unit complex in Corpus Christi, Texas.The Los Angeles affiliate of Post Properties, which financed the acquisition with $21.5 million of mortgage financing, said it would invest...

An Arizona investment group has paid $18 million, or nearly $261/sf, for the Hitachi Corporate Center, a 69,090-square-foot office building in San Diego.The group, which operates as MHMS, purchased the three-story building from Bixby Land Co. of Newport...

Commercial Real Estate Direct Staff Report Mission West Properties is in negotiations to be acquired by a private equity fund.The Cupertino, Calif., REIT, whose investment focus is research and development properties in California's Silicon Valley, says a sale...

General Growth Properties Inc. has paid $950 million for the 50 percent of the GGP/Homart I portfolio of shopping malls that it did not already own. The Chicago REIT purchased the interest from the New York Common Retirement...

A venture between WCB Properties and UBS Global Asset Management has paid $92 million for Union Bank Square, a 397,041-square-foot office complex in Orange, Calif.The venture acquired the four-building property from the Colton Co. of Irvine, Calif., which...

Citigroup and Pembrook Capital Management have provided a total of $95 million of financing for the Oakwood Center Mall, a 947,000-square-foot shopping center in the New Orleans suburb of Gretna, La.Citigroup lent $75 million against the shopping center,...

Passco Cos. has paid $20 million for a 56,747-square-foot portion of Laveen Village Marketplace, a 197,689-sf retail property in Phoenix. The Irvine, Calif., firm, which generally invests on behalf of tenant-in-common investor groups, acquired the property from Weingarten...

By Jeff Mordock, Commercial Real Estate Direct Staff WriterTA Associates is offering for sale Park Central Plaza, a 148,131-square-foot office complex in Kansas City, Mo.The Boston investment manager is offering the two-building property through the Dallas office of...

Capmark Financial has provided $27 million in financing for 115 Sansome St., a 128,000-square-foot office building in San Francisco.The building is owned by a venture of Swig & Co. and investment manager Angelo, Gordon & Co.Swig had purchased the...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnDBRSNewRatingDBRSOldRatingReason for Rating ActionCOMM, 2004-LNB21,172.11,686.0B24.4AAhighAADefeasance (19.4 percent of pool)---C10.7AAAAlow----D22.9AhighA-

Pennsylvania Public School Employees' Retirement System and the University of Michigan endowment did not invest in BPG Properties' latest investment vehicle, BPG Investment Partnership VIII. The two institutions had invested in previous BPG funds, but not in the...