An affiliate of Tishman Speyer has paid $83 million for 3 Imperial Promenade, a 246,763-square-foot office property near John Wayne International Airport in Orange County, Calif.Tishman purchased the property from AEW Capital Management, which owned it on behalf...

Grosvenor Investment Management has acquired a 153,687-square-foot retail center in Santa Clarita, Calif., for $66.4 million.The property, Gateway Village, is a two-year-old community center on 17 acres at 28207- 28313 Newhall Ranch Road, within the Valencia master-planned community....

Cogdell Spencer Inc. is buying the Central New York Medical Center, a 111,634-square-foot medical office building on the campus of the Crouse Hospital in Syracuse, N.Y., for $36.8 million.Cogdell, a Charlotte, N.C., REIT that specializes in the medical...

Commercial Real Estate Direct ReportThe California State Automobile Association is seeking $130 million for its 573,000-square-foot San Francisco office portfolio.As originally reported by the San Francisco Chronicle in March, the association, also called CSAA, has been marketing its...

Commercial Real Estate Direct Staff ReportThe volume of delinquent CMBS loans inched up again in May to $2.4 billion from $2.26 billion the month before, according to Realpoint.While up a tad on a month-to-month basis, the delinquency rate...

By John Covaleski, Commercial Real Estate Direct WriterWereldhave, a Dutch property investment group, has acquired a 400,000 square-foot mixed-use property in San Diego for $210 million.The property, Broadway 655, at Broadway and Kettner Boulevard in downtown San Diego,...

Commercial Real Estate Direct Staff ReportMission Capital Advisors is offering $15.4 million of distressed mortgages on a portfolio of four assisted-living facilities in northern Louisiana.The New York loan-sales specialist is offering the four-loan portfolio on behalf of a...

An affiliate of Tishman Speyer has paid $83 million for 3 Imperial Promenade, a 246,763-square-foot office property near John Wayne International Airport in Orange County, Calif.Tishman purchased the property from AEW Capital Management, which owned it on behalf...

Grosvenor Investment Management has acquired a 153,687-square-foot retail center in Santa Clarita, Calif., for $66.4 million.The property, Gateway Village, is a two-year-old community center on 17 acres at 28207- 28313 Newhall Ranch Road, within the Valencia master-planned community....

A 79,000-square-foot office and retail property in Brooklyn, N.Y., is for sale at a $43.5 million asking price. Eastern Consolidated Properties of Manhattan is representing the New York investment group selling the five-building property, which sits on two...

A private equity group is offering for sale Bella Vista, a 98-unit apartment complex in the Los Angeles suburb of Sun Valley, Calif.The group has tapped Marcus & Millichap's Los Angeles office to market the property, which has...

Harold W. Pote, chief executive officer and president of American Financial Realty Trust, died this week. He was 60. "It is with profound sadness that we announce the passing of our friend and colleague, Hal Pote," said Lewis...

Commercial Real Estate Direct Staff ReportCMBS spreads have continued to drift wider over the past two weeks, as the last couple of deals of the first half priced. The widening was driven in part by headline fears. Bad...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-162.1830.002.57AAAAaa+10swapsA-1A1,155.6530.008.14AAAAaaNAswapsA-2915.6130.004.86AAAAaa+27swapsA-2FL70.0030.004.86AAAAaa+14LiborA-3283.0430.007.46AAAAaa+39swapsA-41,179.6330.009.72AAAAaa+30.5swapsA-SB123.7930.007.11AAAAaa+28.5swapsA-M541.4220.009.92AAAAaa+34.5swapsA-J426.3712.1259.94AAAAaa+41swapsB33.8411.509.94AA+Aa1+47swapsC81.2110.009.94AAAa2+53swapsD54.149.009.94AA-Aa3+61swapsE27.078.509.94A+A1+67swapsF47.377.6259.94AA2+77swapsG54.146.6259.94A-A3+91swapsH67.685.3759.94BBB+Baa1+130swapsJ47.374.509.98BBBBaa2+170swapsK74.453.12510.03BBB-Baa3+250swapsL20.302.75NABB+Ba1NATreasM13.542.50NABBBa2NATreasN20.302.125NABB-Ba3NATreasP6.782.00NAB+B1NATreasQ13.541.75NABB2NATreasT20.301.375NAB-B3NATreasNR74.44NANANRNRNATreas*Notional amount, interest onlyCollateral balance: $5,414.15 millionBookrunner(s): JPMorgan SecuritiesLead Managers: JPMorgan Securities, UBS Investment BankCo-managers: Commerzbank, Natixis SecuritiesB-piece Buyer: American Capital StrategiesMaster Servicer: Wachovia BankSpecial Servicer: CWCapitalTrustee: LaSalle BankOriginators: UBS (36.2 percent), JPMorgan Chase (24...

Redwood Trust has circled another CMBS B-piece.The Mill Valley, Calif., mortgage REIT, which earlier this year purchased the subordinate bonds of LB-UBS Commercial Mortgage Trust, 2007-C2, is buying the junior bonds of the next deal under that shelf,...

Investcorp is offering for sale a 1.1 million-square-foot portfolio of Northeast office properties.The portfolio consists of five buildings in suburban Philadelphia, two in Connecticut, and one in northern New Jersey. It could command as much as $300 million....

Harold W. Pote, chief executive officer and president of American Financial Realty Trust, died this week. He was 60. "It is with profound sadness that we announce the passing of our friend and colleague, Hal Pote," said Lewis...

Commercial Real Estate Direct Staff ReportCMBS spreads have continued to drift wider over the past two weeks, as the last couple of deals of the first half priced. The widening was driven in part by headline fears. Bad...

Redwood Trust has circled another CMBS B-piece.The Mill Valley, Calif., mortgage REIT, which earlier this year purchased the subordinate bonds of LB-UBS Commercial Mortgage Trust, 2007-C2, is buying the junior bonds of the next deal under that shelf,...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-162.1830.002.57AAAAaa+10swapsA-1A1,155.6530.008.14AAAAaaNAswapsA-2915.6130.004.86AAAAaa+27swapsA-2FL70.0030.004.86AAAAaa+14LiborA-3283.0430.007.46AAAAaa+39swapsA-41,179.6330.009.72AAAAaa+30.5swapsA-SB123.7930.007.11AAAAaa+28.5swapsA-M541.4220.009.92AAAAaa+34.5swapsA-J426.3712.1259.94AAAAaa+41swapsB33.8411.509.94AA+Aa1+47swapsC81.2110.009.94AAAa2+53swapsD54.149.009.94AA-Aa3+61swapsE27.078.509.94A+A1+67swapsF47.377.6259.94AA2+77swapsG54.146.6259.94A-A3+91swapsH67.685.3759.94BBB+Baa1+130swapsJ47.374.509.98BBBBaa2+170swapsK74.453.12510.03BBB-Baa3+250swapsL20.302.75NABB+Ba1NATreasM13.542.50NABBBa2NATreasN20.302.125NABB-Ba3NATreasP6.782.00NAB+B1NATreasQ13.541.75NABB2NATreasT20.301.375NAB-B3NATreasNR74.44NANANRNRNATreas*Notional amount, interest onlyCollateral balance: $5,414.15 millionBookrunner(s): JPMorgan SecuritiesLead Managers: JPMorgan Securities, UBS Investment BankCo-managers: Commerzbank, Natixis SecuritiesB-piece Buyer: American Capital StrategiesMaster Servicer: Wachovia BankSpecial Servicer: CWCapitalTrustee: LaSalle BankOriginators: UBS (36.2 percent), JPMorgan Chase (24...

Investcorp is offering for sale a 1.1 million-square-foot portfolio of Northeast office properties.The portfolio consists of five buildings in suburban Philadelphia, two in Connecticut, and one in northern New Jersey. It could command as much as $300 million....

First Real Estate Investment Trust has lined up $22 million of financing for Westridge Square, a 257,591-square-foot shopping center in Frederick, Md. The Hackensack, N.J., REIT received the financing from Nationwide Real Estate Investments. HFF Inc. arranged the...

Sterling Bay Cos. has agreed to pay $23 million for 300 W. Adams, a 252,000-square-foot building in Chicago's West Loop.The Chicago investor is purchasing the 12-story property from Sam Zell, the former Equity Office Properties chairman. The property...

Centerline Capital Group is considering putting together an investment vehicle that would pursue distressed commercial mortgages.The New York investment management firm's plans, first reported by Reuters, are in the very preliminary stages, according to a Centerline spokeswoman. The...

Commercial Real Estate Direct ReportIstithmar has reinforced the long-suspected sense that it is withdrawing from investing in Manhattan real estate.The Dubai investment firm plans to pursue more assets in other United States cities as well as in Asia...