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...

Commercial Real Estate Direct Staff ReportHines REIT has agreed to pay $87 million for 3 Huntington Quadrangle, a 407,731-square-foot office building in the Long Island, N.Y., community of Melville.The 36-year-old building was sold by an affiliate of AEW...

Commercial Real Estate Direct Staff ReportCommercial real estate investing continues to boom while fundamentals weaken, reports the National Association of Realtors.A record $157 billion was invested in commercial property, excluding the hotel sector, from January through April, which...

Commercial Real Estate Direct Staff ReportHines Sumisei U.S. Core Office Fund has agreed to pay $175.5 million for Charlotte Plaza, a 630,424-square-foot office building at 201 South College St. in downtown Charlotte, N.C.The fund, which is part owned...

Equastone has struck a deal to pay $420 million for 3.1 million square feet of Dallas office space from Crescent Real Estate Equities. The La Jolla, Calif., real estate firm was seen as the likely buyer for the...

Moody's Investors Service has downgraded the $26.8 million class M of Lehman Brothers Floating-Rate Commercial Mortgage Trust, 2006-CCL C2, to Ba2 from Baa3, and placed it and two other classes under review for additional downgrades.The rating action is...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionFirst Union National Bank Commercial Mortgage Trust, 2001-C3619.1818.8E11.3AAAAA+Increased subordination---F12.3AA+AA----G12.3AAA+----H12.3A+A-----J18.4A-BBB+----K14.3BBBBBB--Banc of America Commercial Mortgage Inc., 2002-21,600.01,700.0E17.2AAAAA+Defeasance (34 percent of pool)---F21.6AA+AA----G21.6AAAA-----H19.4A+A----J21.6AA-----K36.6BBB+BBB----L12.9BBBBBB--GMAC Commercial Mortgage Securities Inc., 2001-C2653.0754.9D15.1AA+AAIncreased subordination; defeasance (19 percent of pool)---E9.4AAAA-----F15.1AA-A-----G10.4ABBB+----H9.4A-BBB----J23.6BBB-BB+----K5.7BB+BB----L5.7BBBB-----M11.3BB-B+----N3.8B+B----O3.8BB-----P3.8CCC+CCC-CalWest Industrial...

Parkway Properties has paid $46.5 million for 1401 Enclave, a 209,000-square-foot office building in Houston.The Jackson, Miss., REIT, purchased the six-story building on behalf of its Parkway Properties Office Fund. It purchased it from Triple Net Properties of...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionCalWest Industrial Trust, 2002-CALW625.0950.0B50.0AaaAa1Defeasance (100 percent)---C100.0AaaA2-DLJ Commercial Mortgage Corp., 1998-CF2866.91,100.0B-141.5AaaAa1Increased subordination; defeasance (42.8 percent of pool)---B-216.6Aa1Aa3-Banc of America Large Loan Inc., 2001-FM252.4269.7C30.9AaaAa1Improved collateral performance---D35.6Aa1A1----E6.3A1Baa1-DLJ Commercial Mortgage Corp., 1997-CF2165.5661.9B-136.4AaaA2Increased subordination---B-213.2A1Baa2----B-3TB6.0Ba1B1-LB-UBS Commercial Mortgage Trust,...

Commercial Real Estate Direct Staff ReportHines REIT has agreed to pay $87 million for 3 Huntington Quadrangle, a 407,731-square-foot office building in the Long Island, N.Y., community of Melville.The 36-year-old building was sold by an affiliate of AEW...

Moody's Investors Service has downgraded the $26.8 million class M of Lehman Brothers Floating-Rate Commercial Mortgage Trust, 2006-CCL C2, to Ba2 from Baa3, and placed it and two other classes under review for additional downgrades.The rating action is...

Commercial Real Estate Direct Staff ReportHines Sumisei U.S. Core Office Fund has agreed to pay $175.5 million for Charlotte Plaza, a 630,424-square-foot office building at 201 South College St. in downtown Charlotte, N.C.The fund, which is part owned...

Parkway Properties has paid $46.5 million for 1401 Enclave, a 209,000-square-foot office building in Houston.The Jackson, Miss., REIT, purchased the six-story building on behalf of its Parkway Properties Office Fund. It purchased it from Triple Net Properties of...

Commercial Real Estate Direct Staff ReportCommercial real estate investing continues to boom while fundamentals weaken, reports the National Association of Realtors.A record $157 billion was invested in commercial property, excluding the hotel sector, from January through April, which...

Equastone has struck a deal to pay $420 million for 3.1 million square feet of Dallas office space from Crescent Real Estate Equities. The La Jolla, Calif., real estate firm was seen as the likely buyer for the...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionFirst Union National Bank Commercial Mortgage Trust, 2001-C3619.1818.8E11.3AAAAA+Increased subordination---F12.3AA+AA----G12.3AAA+----H12.3A+A-----J18.4A-BBB+----K14.3BBBBBB--Banc of America Commercial Mortgage Inc., 2002-21,600.01,700.0E17.2AAAAA+Defeasance (34 percent of pool)---F21.6AA+AA----G21.6AAAA-----H19.4A+A----J21.6AA-----K36.6BBB+BBB----L12.9BBBBBB--GMAC Commercial Mortgage Securities Inc., 2001-C2653.0754.9D15.1AA+AAIncreased subordination; defeasance (19 percent of pool)---E9.4AAAA-----F15.1AA-A-----G10.4ABBB+----H9.4A-BBB----J23.6BBB-BB+----K5.7BB+BB----L5.7BBBB-----M11.3BB-B+----N3.8B+B----O3.8BB-----P3.8CCC+CCC-CalWest Industrial...

Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnMoody'sNewRatingMoody'sOldRatingReason for Rating ActionCalWest Industrial Trust, 2002-CALW625.0950.0B50.0AaaAa1Defeasance (100 percent)---C100.0AaaA2-DLJ Commercial Mortgage Corp., 1998-CF2866.91,100.0B-141.5AaaAa1Increased subordination; defeasance (42.8 percent of pool)---B-216.6Aa1Aa3-Banc of America Large Loan Inc., 2001-FM252.4269.7C30.9AaaAa1Improved collateral performance---D35.6Aa1A1----E6.3A1Baa1-DLJ Commercial Mortgage Corp., 1997-CF2165.5661.9B-136.4AaaA2Increased subordination---B-213.2A1Baa2----B-3TB6.0Ba1B1-LB-UBS Commercial Mortgage Trust,...

Commercial Real Estate Direct Staff Report A venture of Campus Apartments Inc. and the government of Singapore has acquired 17 student housing properties in various transaction for $314 million.The venture, between Philadelphia's Campus Apartments and Singapore's real estate...

Collateralized debt obligations backed by commercial real estate could be more heavily penalized under Moody's Investors Service's revised credit support rules."We don't want to rule out any options," said Tad Philipp, managing director of the rating agency. The...

An affiliate of Big Industrial has purchased 1103 Carlos Parker Blvd., a 321,600-square-foot industrial property in the Dallas suburb of Taylor, Texas.The Prairie Village, Kan., developer of industrial properties, purchased the building from Burnes Home Accents, an Austin,...

LaSalle Bank has provided $265 million of senior debt for 600 West Chicago, the former Montgomery Ward catalog distribution facility in Chicago.The property, constructed in 1908 and redeveloped in 2001, was purchased recently for roughly $289 million by...

Crown West Realty has paid $18.1 million for Cobb Corporate Center, a 195,921-square-foot office/industrial park in the Atlanta suburb of Marietta, Ga.The Phoenix real estate firm is buying the complex from Brookwood Financial Partners of Beverly, Mass. Resource...

Winston Hotels Inc. has terminated its agreement to purchase the Tribeca Hilton Garden Inn, which is under construction in New York.The Raleigh, N.C., firm also agreed to dismiss its pending action against the undisclosed seller in exchange for...

An affiliate of USAA Real Estate Co. has purchased 5810 Trade Center Court, a 399,500-square-foot industrial building in Atlanta.The affiliate, US Industrial REIT II, purchased the building from Panattoni Development Co., a Sacramento, Calif., developer. Panattoni marketed the...