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...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sRatingFitchFinalPricing (bp)BnchmarkA-11,036.0841.1251.77AAAAaaAAA+8LiborA-2345.3621.501.88AAAAaaAAA+14LiborB61.5918.001.96AA+Aa1AA++20LiborC47.5115.301.96AA+NRAA++25LiborD71.1611.262.28AANRAA+30LiborE46.608.612.96AA-NRAA-+40LiborF46.605.963.01A+NRA++48LiborG46.613.313.05ANRA+55LiborH30.451.583.05A-NRA-+60LiborJ10.141.013.05BBB+NRBBB++65LiborK5.200.713.05BBBNRBBB+125LiborL12.500.003.05BBB-NRBBB-+175LiborX-1A1,486.89*NANAAAAAaaAAANALiborX-1B1,759.80*NANAAAAAaaAAANALiborLXR154.40NA1.88NRBaa2BBB++70LiborLXR272.60NA1.88NRBaa3BBB-+80LiborAP-14.30NA1.88BBBBaa2BBB+70LiborAP-211.15NA1.88BBB-Baa3BBB-+80LiborAP-317.80NA1.88BB+Ba1NR+100LiborAP-42.76NA1.88BBBa2NR+130LiborLP-13.80NA1.96BBBNRBBB+83LiborLP-29.10NA1.96BBB-NRBBB-+100LiborLP-32.10NA1.96BB+Ba1BB++135LiborFA7.50NA1.21NRBaa2BBB-+70LiborHH-13.80NA3.05BBB-Baa3BBB-+85LiborHH-24.79NA3.05BBB-NRNR+105LiborFSN13.30NA1.30BB+Ba1BB++130LiborFSN24.06NA1.30BBBa2NR+150LiborMH-13.60NA3.05BBB-Baa3BBB-+80LiborMH-23.05NA3.05BBB-NRNR+105Libor*Notional amount, interest onlyCollateral balance: $1,968.06 millionBookrunner(s): Wachovia Securities, Bear StearnsLead Managers: Wachovia Securities, Bear StearnsMaster Servicer: Wachovia BankSpecial Servicer: Wachovia BankTrustee: LaSalle BankOriginators: Wachovia Bank (86.2 percent), Bear Stearns (13.8 percent)Number of Loans/Properties: 10/89Property...

Ramsfield Hospitality Finance has provided $20 million of construction financing for the redevelopment of the Lake Placid Lodge, an upscale hotel in Lake Placid, N.Y., that burned down two years ago.The financing is the first construction loan written...

Fitch Ratings has downgraded two classes of Credit Suisse First Boston Mortgage Securities Corp., 2005-CND2, because all of the deal's collateral loans mature this year and many are facing challenges. The transaction is backed by eight remaining loans...

Michael House, group head of real estate capital markets at Genworth Financial, has joined Arbor Realty Trust Inc. as senior vice president of loan acquisitions, a new position.At Arbor, a Uniondale, N.Y., mortgage REIT, House will focus on...

GE Real Estate's North American Equity division has teamed up with The Muller Co. to acquire a pair of office properties with 204,844 square feet in suburban San Diego for a combined $58 million.The venture has purchased Pinnacle...

A venture between Cypress Creek Capital and GoldenTree InSite Partners has acquired 501 East Kennedy Blvd., a 300,000-square-foot office building in downtown Tampa Bay. Cypress Creek of Fort Lauderdale, Fla., and GoldenTree of New York bought the 19-story...

HRPT Properties Trust has priced $250 million of senior unsecured notes through underwriters led by bookrunners Wachovia Securities, Banc of America Securities and RBC Capital Markets.The Newton, Mass., REIT priced the notes, which mature June 15, 2017, at...

For the fourth time in recent years, Sonnenblick-Eichner Co. has arranged financing for the Sheraton Park Hotel at the Anaheim Resort in Anaheim, Calif.The Los Angeles boutique investment bank lined up $65 million of first mortgage debt from...

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  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-125.0030.002.7AAAAaa+11swapsA1-A1509.1430.008.5AAAAaaNAswapsA1-A2200.0030.009.8AAAAaa+6swapsA-2392.0030.004.8AAAAaa+22swapsA-348.5930.006.9AAAAaa+32swapsA-AB61.6330.007.3AAAAaa+27swapsA-4643.0030.009.7AAAAaa+27swapsA-M268.4820.009.9AAAAaa+31swapsA-J201.3612.509.9AAAAaa+35swapsB16.7811.8759.9AA+Aa1+40swapsC40.2710.3759.9AAAa2+43swapsD26.849.37510.0AA-Aa3+49swapsE20.148.26510.0A+A1+56swapsF23.497.7510.0AA2+62swapsG30.206.62510.0A-A3+72swapsH33.565.37510.0BBB+Baa1+105swapsJ30.204.2510.0BBBBaa2+135swapsK30.203.12510.0BBB-Baa3+210swapsL10.072.75NABB+Ba1NATreasM6.712.5NABBBa2NATreasN10.072.125NABB-Ba3NATreasO6.711.875NAB+B1NATreasP6.711.625NABB2NATreasQ10.071.25NAB-B3NATreasS6.711.00NACCCCaa2NATreasT26.850.00NANRNRNATreasA-X2,684.79*NANAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $2,684.79 millionBookrunner(s): Credit Suisse SecuritiesLead Managers: Credit Suisse SecuritiesCo-managers: KeyBanc Capital Markets, Banc of America Securities, RBS Greenwich Capital MarketsB-piece Buyer: LNR Securities HoldingsMaster Servicer: KeyCorp Real Estate; Wachovia BankSpecial...

Fitch Ratings has downgraded two classes of Credit Suisse First Boston Mortgage Securities Corp., 2005-CND2, because all of the deal's collateral loans mature this year and many are facing challenges. The transaction is backed by eight remaining loans...

Ramsfield Hospitality Finance has provided $20 million of construction financing for the redevelopment of the Lake Placid Lodge, an upscale hotel in Lake Placid, N.Y., that burned down two years ago.The financing is the first construction loan written...

HRPT Properties Trust has priced $250 million of senior unsecured notes through underwriters led by bookrunners Wachovia Securities, Banc of America Securities and RBC Capital Markets.The Newton, Mass., REIT priced the notes, which mature June 15, 2017, at...

Michael House, group head of real estate capital markets at Genworth Financial, has joined Arbor Realty Trust Inc. as senior vice president of loan acquisitions, a new position.At Arbor, a Uniondale, N.Y., mortgage REIT, House will focus on...

For the fourth time in recent years, Sonnenblick-Eichner Co. has arranged financing for the Sheraton Park Hotel at the Anaheim Resort in Anaheim, Calif.The Los Angeles boutique investment bank lined up $65 million of first mortgage debt from...

GE Real Estate's North American Equity division has teamed up with The Muller Co. to acquire a pair of office properties with 204,844 square feet in suburban San Diego for a combined $58 million.The venture has purchased Pinnacle...

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A venture between Cypress Creek Capital and GoldenTree InSite Partners has acquired 501 East Kennedy Blvd., a 300,000-square-foot office building in downtown Tampa Bay. Cypress Creek of Fort Lauderdale, Fla., and GoldenTree of New York bought the 19-story...

A unit of Centerline Capital Group has raised $405 million of capital for a pair of low-income housing tax credit funds. The company, previously known as CharterMac, has raised a series of funds, which are capitalized by bank...

A venture between Sterling American Property Inc. and Hines has paid $130 million for 300 Capitol Mall, a 383,238-square-foot office building in Sacramento, Calif. The 18-story property, also known as the Emerald Tower, was acquired from Invesco Real...

Commercial Real Estate Direct Staff ReportRBS Greenwich Capital has provided $270 million of financing for a portfolio of six office buildings in northern New Jersey with 1 million square feet.The portfolio was owned by Reckson Associates Realty Corp.,...

Hines Sumisei U.S. Core Office Fund has agreed to pay about $140 million for the Carillon building, a 469,226-square-foot office property in Charlotte, N.C. The fund, which is part owned by Hines REIT of Houston, is buying the...

Bear Stearns has provided $59.9 million of fixed-rate financing for Worldgate Plaza, a 322,325-square-foot office complex in Herndon, Va.The loan requires only interest payments through its 2017 maturity and carries a rate of 5.52 percent. The four-building property...