Panos Properties has paid $70 million for the Mill Creek Town Center, a 183,000-square-foot retail property in the Seattle suburb of Mill Creek, Wash.The Seattle firm purchased the 14-building property from Wakefield Commercial, which originally developed the center...
W.P. Carey has paid $42.7 million for the 245,000-square-foot campus of Universal Technical Institute Inc. in the Sacramento suburb of Natomas, Calif. The New York investment firm is purchasing the campus from the Technical Institute, an auto-repair school...
Liberty Property Trust has agreed to acquire Republic Property Trust in a deal valued at roughly $900 million.The Malvern, Pa., REIT will pay $14.70 for each share of Republic common stock and assume $415 million of debt. That's...
Commercial Real Estate Direct Staff ReportSL Green Realty Corp. sold an 85 percent stake in 1372 Broadway in Manhattan for about $285 million to Wachovia.The New York REIT put the 508,000-square-foot office and showroom building up for sale...
Panos Properties has paid $70 million for the Mill Creek Town Center, a 183,000-square-foot retail property in the Seattle suburb of Mill Creek, Wash.The Seattle firm purchased the 14-building property from Wakefield Commercial, which originally developed the center...
Commercial Real Estate Direct Staff ReportING Clarion Partners has acquired a 207,160-square-foot office building in Scottsdale, Ariz., for $40 million.Wind Realty Partners sold the property, Scottsdale Forum, which was marketed by Cushman & Wakefield.ING made the purchase on...
JEM Realty Advisors has paid $14.5 million for Fox Crest, a 245-unit apartment complex in the Chicago suburb of Waukegan, Ill.The Los Angeles firm purchased the property from Apartment Investment & Management Co., of Denver, which marketed it...
TA Associates Realty has paid $60.3 million for Research Plaza, a 227,114-square-foot office building in Rockville, Md.The Boston real estate firm purchased the property from a pension fund advised by LaSalle Investment Management, which marketed the property through...
Triple Net Properties has agreed to pay $37 million for One and Two Riverwood Place, a 196,000-square-foot office property in the Milwaukee suburb of Pewaukee, Wis.The Santa Ana, Calif., real estate firm is acquiring the two-building property from...
Commercial Real Estate Direct Staff ReportApollo Real Estate Advisors is in a venture to market for sale a newly-built 60,610-square-foot retail center in Queens, N.Y.The Manhattan office of Newmark Knight & Frank has the listing for the two-acre...
Behringer Harvard Real Estate has purchased the CentrePort Office Center, a 134,246-square-foot office property in Fort Worth, Texas.A sales price was not disclosed, but the two-building complex was expected to sell for about $20 million Behringer, a Dallas...
TA Associates Realty has paid $60.3 million for Research Plaza, a 227,114-square-foot office building in Rockville, Md.The Boston real estate firm purchased the property from a pension fund advised by LaSalle Investment Management, which marketed the property through...
Berkeley Investments has lined up $72 million of financing for 1700 Pacific, a 1.3 million-square-foot office tower in Dallas.The Los Angeles firm received the financing from ING Investment Management. HFF Inc.'s Dallas office arranged the three-year, fixed-rate loan.Berkeley...
Commercial Real Estate Direct Staff ReportApollo Real Estate Advisors is in a venture to market for sale a newly-built 60,610-square-foot retail center in Queens, N.Y.The Manhattan office of Newmark Knight & Frank has the listing for the two-acre...
Behringer Harvard Real Estate has purchased the CentrePort Office Center, a 134,246-square-foot office property in Fort Worth, Texas.A sales price was not disclosed, but the two-building complex was expected to sell for about $20 million Behringer, a Dallas...
JEM Realty Advisors has paid $14.5 million for Fox Crest, a 245-unit apartment complex in the Chicago suburb of Waukegan, Ill.The Los Angeles firm purchased the property from Apartment Investment & Management Co., of Denver, which marketed it...
Triple Net Properties has agreed to pay $37 million for One and Two Riverwood Place, a 196,000-square-foot office property in the Milwaukee suburb of Pewaukee, Wis.The Santa Ana, Calif., real estate firm is acquiring the two-building property from...
Berkeley Investments has lined up $72 million of financing for 1700 Pacific, a 1.3 million-square-foot office tower in Dallas.The Los Angeles firm received the financing from ING Investment Management. HFF Inc.'s Dallas office arranged the three-year, fixed-rate loan.Berkeley...
ClassAmt$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...
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