A venture between Pine Tree Institutional Realty and Buchanan Street Partners has paid $49.5 million for the Shops at Walnut Creek, a 233,984-square-foot retail property in the Denver suburb of Westminster, Colo.The venture purchased the property from Red...
ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-125.7130.003.04AAAAaa+18swapsA-1A443.2030.008.59AAAAaaNAswapsA-2946.3830.004.90AAAAaa+25swapsA-PB62.8330.007.29AAAAaa+28swapsA-3948.5930.009.83AAAAaa+28swapsA-M382.3920.00 AAAAaaNAswapsA-J253.3313.3759.96AAAAaa+36swapsB43.0212.259.96AA+Aa1+46swapsC47.8011.009.96AAAa2+49swapsD28.6810.259.96AA-Aa3+56swapsE28.689.509.96A+A1+62swapsF38.248.509.96AA2+80swapsG43.027.3759.96A-A3+85swapsH47.806.1259.96BBB+Baa1+140swapsJ52.584.7510.06BBBBaa2+180swapsK33.463.87510.30BBB-Baa3+260swapsL19.123.375NABB+Ba1NATreasM9.563.125NABBBa2NATreasN14.342.75NABB-Ba3NATreasO9.562.50NAB+B1NATreasP9.562.25NABB2NATreasQ9.562.00NAB-B3NATreasS76.480.00NANRNRNATreasIO3,823.85*NANAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $3,857.15 millionBookrunner(s): Wachovia SecuritiesLead Managers: Wachovia SecuritiesCo-managers: Barclays Capital, Goldman SachsB-piece Buyer: American Capital StrategiesMaster Servicer: Wachovia BankSpecial Servicer: CWCapitalTrustee: Wells Fargo BankOriginators: Wachovai Bank (97.9 percent), Artesia Mortgage Capital...
Heritage Capital Group has paid $22 million for 900 Route 9 North, a 112,568-square-foot office building in Woodbridge, N.J.The acquisition, from Ivy Equities, is the first for Heritage, a recently formed investment management outfit based in Ridgefield, N.J....
An affiliate of Colony Capital has paid $18.5 million for the Atrium at Chesterfield, a 119,950-square-foot building in the St. Louis suburb of Chesterfield, Mo.Colony's CRP-2 Acquisitions purchased the property from Panattoni Development Co. of Sacramento, Calif., which...
Bayrock Group of New York has joined the Riverhead Resorts partnership in a $500 million development project in Riverhead, N.Y. The group has submitted a $100 million bid to the town of Riverhead on Long Island, N.Y., for...
TA Associates Realty has paid $96 million for the Westview Corporate Center, a 450,000-square-foot office complex in Frederick, Md. The Boston investment manager purchased the five-building complex from a private seller operating as Westview LLP. Manekin LLC of...
KeyBank Real Estate Capital has provided $190.8 million of financing for Gulf Coast Town Center, a 1.2 million square-foot, mixed-use property in Fort Myers, Fla.A venture between the Richard E. Jacobs Group and CBL & Associates Properties received...
Inland American Real Estate Trust has purchased a portfolio of 158 bank branches with 993,926 square feet for $290 million. The Oak Brook, Ill., firm bought the portfolio from Citizens Financial Group.Properties in the portfolio are scattered among...
First Potomac Realty Trust has paid $19.3 million for Annapolis Commerce East, a 101,302-square-foot office property in Annapolis, Md.The Bethesda, Md., REIT purchased the two-building property from Bristol Capital Corp., also of Bethesda, which had offered it through...
Triple Net Properties has purchased Cypresswood Drive, a 93,500-square-foot office/retail property in Houston. The Santa Ana, Calif., purchased the property on behalf of tenant-in-common investors. A purchase price was not given, but the average price for similar properties...
Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnFitchNewRatingFitchOldRatingReason for Rating ActionMerrill Lynch Mortgage Trust, 2004-BPC11,210.01,240.0C12.4AAAA-Defeasance (9.7 percent of pool)---D18.6A+A----E9.3AA--First Union National Bank Commercial Mortgage Trust, 2000-C1682.4776.3G29.1AA-Increased subordination; defeasance (36.7 percent of pool)---J3.9BBB+BBB----K7.8BBB-BB+-
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...
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First Potomac Realty Trust has paid $19.3 million for Annapolis Commerce East, a 101,302-square-foot office property in Annapolis, Md.The Bethesda, Md., REIT purchased the two-building property from Bristol Capital Corp., also of Bethesda, which had offered it through...
Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionLehman Brothers Floating-Rate Commercial Mortgage Trust, 2005-LLF C4212.9935.6B24.3AaaAa1Increased subordination---C22.1AaaAa2----D13.3AaaAa3----E13.3AaaA1----F13.3AaaA2----G13.3Aa1A3----H15.5A2Baa1----WFV4.9A3Baa3Improved performance of Westfield Shoppingtown ValenciaPotomac/Gurney Mills Trust, 2001-XLPGM257.8279.8D37.8AaaA1Defeasance (100 percent)---E9.7AaaA2----F21.4AaaBaa1----G22.5AaaBaa3-
TA Associates Realty has paid $96 million for the Westview Corporate Center, a 450,000-square-foot office complex in Frederick, Md. The Boston investment manager purchased the five-building complex from a private seller operating as Westview LLP. Manekin LLC of...
KeyBank Real Estate Capital has provided $190.8 million of financing for Gulf Coast Town Center, a 1.2 million square-foot, mixed-use property in Fort Myers, Fla.A venture between the Richard E. Jacobs Group and CBL & Associates Properties received...
Inland American Real Estate Trust has purchased a portfolio of 158 bank branches with 993,926 square feet for $290 million. The Oak Brook, Ill., firm bought the portfolio from Citizens Financial Group.Properties in the portfolio are scattered among...
Bayrock Group of New York has joined the Riverhead Resorts partnership in a $500 million development project in Riverhead, N.Y. The group has submitted a $100 million bid to the town of Riverhead on Long Island, N.Y., for...
Triple Net Properties has purchased Cypresswood Drive, a 93,500-square-foot office/retail property in Houston. The Santa Ana, Calif., purchased the property on behalf of tenant-in-common investors. A purchase price was not given, but the average price for similar properties...
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...
Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnFitchNewRatingFitchOldRatingReason for Rating ActionMerrill Lynch Mortgage Trust, 2004-BPC11,210.01,240.0C12.4AAAA-Defeasance (9.7 percent of pool)---D18.6A+A----E9.3AA--First Union National Bank Commercial Mortgage Trust, 2000-C1682.4776.3G29.1AA-Increased subordination; defeasance (36.7 percent of pool)---J3.9BBB+BBB----K7.8BBB-BB+-
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Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionLehman Brothers Floating-Rate Commercial Mortgage Trust, 2005-LLF C4212.9935.6B24.3AaaAa1Increased subordination---C22.1AaaAa2----D13.3AaaAa3----E13.3AaaA1----F13.3AaaA2----G13.3Aa1A3----H15.5A2Baa1----WFV4.9A3Baa3Improved performance of Westfield Shoppingtown ValenciaPotomac/Gurney Mills Trust, 2001-XLPGM257.8279.8D37.8AaaA1Defeasance (100 percent)---E9.7AaaA2----F21.4AaaBaa1----G22.5AaaBaa3-
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...
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