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...

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...

JPMorgan Mortgage Capital has provided $73.4 million of permanent financing for a pair of hotels that were acquired recently by Crescent Hotels & Resorts.The 10-year financing was arranged by HFF Inc. It consists of a $39.8 million mortgage...

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...

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...

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...

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...

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...

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...

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...

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,...

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...

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...

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...

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 $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionMorgan Stanley Dean Witter Capital I Inc., 2002-HQ548.5846.0F8.5AA-A+Increased subordination.---G8.5A+A----H14.8A-BBB+----J6.3BBB+BBB----K6.3BBBBBB-----L8.5BBBB-----M6.3B+B----N2.1BB-----B-1-AAAAA+Improved performance, amortization of Woodfield Mall loan.---B-2-AA+AA----B-3-AAAA--Morgan Stanley Dean Witter Capital I Inc., 2002-IQ2443.7778.6C24.3AA+A+Increased subordination; defeasance (15 percent of pool)---D7.8AA-A-----E7.8A+BBB+----F7.8ABBB----G5.8BBB+BBB-----H9.7BBBBB+----J5.8BB+BB----K3.9BBBB--Nomura Asset Securities Corp.,...