KBS REIT Inc. has agreed to pay $49.9 million for Bridgeway Technology Center, a 187,268-square-foot office/research and development complex in the Silicon Valley community of Newark, Calif.The two-building complex, at 7007-7015 and 7151 Gateway Boulevard, is fully leased...

   ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-175.0030.004.14AAAAAAAaa+17swapsA-1A514.0030.009.35AAAAAAAaaNAswapsA-2725.3030.004.85AAAAAAAaa+23swapsA-3246.6130.006.62AAAAAAAaa+35swapsA-AB72.0030.007.41AAAAAAAaa+27swapsA-43,661.0330.009.72AAAAAAAaa+28swapsA-M756.2820.009.86AAAAAAAaa+32swapsA-J519.9413.1259.92AAAAAAAaa+37swapsB75.6312.1259.92AA+AA+Aa1+46swapsC94.5410.8759.92AAAAAa2+49swapsD56.7210.1259.92AA-AA-Aa3+55swapsE56.729.3759.92A+A+A1+60swapsF75.638.3759.92AAA2+69swapsG75.837.3759.98A-A-A3+78swapsH103.996.0010.00BBB+BBB+Baa1+125swapsJ95.564.7510.00BBBBBBBaa2+180swapsK76.453.7510.00BBB-BBB-Baa3+250swapsL37.813.2510.00BB+BB+Ba1NATreasM18.913.0010.00BBBBBa2NATreasN28.362.62510.00BB-BB-Ba3NATreasO18.912.37510.00B+B+B1NATreasP18.912.12510.00BBB2NATreasQ18.911.87510.00B-B-B3NATreasS141.800.0010.08NRNRNRNATreasX7,562.77*NANAAAAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: 7,562.8 millionBookrunner(s): RBS Greenwich Capital, Goldman SachsLead Managers: RBS Greenwich Capital, Goldman SachsCo-managers: Bear Stearns, Merrill Lynch, Morgan Stanley, Wachovia SecuritiesB-piece Buyer: CWCapitalMaster Servicer: Wachovia BankSpecial Servicer: CWCapital Asset Management...

Willett Cos. has paid $31.6 million for the Walker building, a 78,878-square-foot office building in downtown Washington, D.C.Willett, a Rye, N.Y., investor, purchased the 71-year-old building from Zuckerman Gravely Development of Washington. The transaction was brokered by HFF...

NTS Realty Holdings LP has agreed to pay $32.3 million for Creek's Edge at Stony Point, a 202-unit apartment property in Richmond, Va.The Louisville, Ky., partnership is buying the property from CG Stony Point, a Virginia investor group.The...

Commercial Real Estate Direct Staff ReportMichael E. Pralle, president and chief executive of GE Real Estate since 2000, yesterday left the company.The Stamford, Conn., company had $53.8 billion of assets as of the end of last year and...

Commercial Real Estate Direct Staff ReportThe consensus is that spreads on super-senior AAA CMBS will remain in the range of 21-30 basis points over swaps for the remainder of the year.A total of 40 percent of those responding...

Anglo Irish Bank's private banking unit has paid $33.9 million for 45 Milk St., a 68,995-square-foot office/retail building in the heart of Boston's financial district.The bank's lending unit, meanwhile, provided debt financing to complete the acquisition. The transaction...

Marriott International has priced $350 million of unsecured notes through underwriters led by Merrill Lynch and Barclays Capital.The Washington hotel company priced the notes, which carry a 6.375 percent coupon and June 15, 2017, maturity, at 99.501 percent...

Jason Kelley, chief credit officer of Sorin Capital Management's commercial real estate group, has joined Apollo Real Estate Advisors as vice president, where he will handle the investment adviser's debt investment activities.Kelley will work in the lending operations...

NTS Realty Holdings LP has agreed to pay $32.3 million for Creek's Edge at Stony Point, a 202-unit apartment property in Richmond, Va.The Louisville, Ky., partnership is buying the property from CG Stony Point, a Virginia investor group.The...

Willett Cos. has paid $31.6 million for the Walker building, a 78,878-square-foot office building in downtown Washington, D.C.Willett, a Rye, N.Y., investor, purchased the 71-year-old building from Zuckerman Gravely Development of Washington. The transaction was brokered by HFF...

Commercial Real Estate Direct Staff ReportMichael E. Pralle, president and chief executive of GE Real Estate since 2000, yesterday left the company.The Stamford, Conn., company had $53.8 billion of assets as of the end of last year and...

Anglo Irish Bank's private banking unit has paid $33.9 million for 45 Milk St., a 68,995-square-foot office/retail building in the heart of Boston's financial district.The bank's lending unit, meanwhile, provided debt financing to complete the acquisition. The transaction...

Marriott International has priced $350 million of unsecured notes through underwriters led by Merrill Lynch and Barclays Capital.The Washington hotel company priced the notes, which carry a 6.375 percent coupon and June 15, 2017, maturity, at 99.501 percent...

Jason Kelley, chief credit officer of Sorin Capital Management's commercial real estate group, has joined Apollo Real Estate Advisors as vice president, where he will handle the investment adviser's debt investment activities.Kelley will work in the lending operations...

Commercial Real Estate Direct Staff ReportThe consensus is that spreads on super-senior AAA CMBS will remain in the range of 21-30 basis points over swaps for the remainder of the year.A total of 40 percent of those responding...

Charles H. "Hank" Williams, a senior official in the U.S. Department of Housing and Urban Development, has agreed to join Wells Fargo, where he will head the lender's Federal Housing Administration production efforts.Williams, deputy assistant secretary of the...

Wharton Investment Group is offering for sale a portfolio of office and retail space along with development land for $44.5 million.The Boca Raton, Fla., investor is marketing the portfolio through Marcus & Millichap. The portfolio consists of 320,475...

By John Covaleski, Commercial Real Estate Direct Staff Writer Kearny Real Estate Co., in a venture with Prime Property Fund, has acquired a 160,561-square-foot industrial building in Temecula, Calif., for $13 million.The deal brings the volume of industrial...

Commercial Real Estate Direct Staff ReportGoldman Sachs has raised $4.1 billion of investor commitments for its latest global real estate investment fund.The fund, Whitehall Street Global Real Estate LP 2007, has already invested what Goldman Sachs calls "a...

Morgan Stanley Real Estate has raised $8 billion of equity for its latest international investment vehicle, Morgan Stanley Real Estate Fund VI International.The investment bank raised the massive fund, the largest real estate vehicle ever, just 15 months...

Capital Trust Inc. has acquired a lender specializing in providing financing against seniors living and healthcare properties.The New York investment manager is paying what could amount to $4.4 million, including earn-outs, for the lender, which operates as Survey...

SL Green Realty Corp. has agreed to pay $107.5 million, or $338/sf, for 16 Court Street, a 317,625-square-foot office building in Brooklyn, N.Y.The New York REIT is buying the property from an investor group operating as Court Street...

Commercial Real Estate Direct Staff ReportJPMorgan Chase has provided a $5 billion subscription credit facility to Morgan Stanley Real Estate's latest investment vehicle.The facility is backed by investor commitments to the fund, which raised $8 billion of commitments....

Charles H. "Hank" Williams, a senior official in the U.S. Department of Housing and Urban Development, has agreed to join Wells Fargo, where he will head the lender's Federal Housing Administration production efforts.Williams, deputy assistant secretary of the...