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...

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...

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...

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...

Wachovia Bank has provided $120.5 million of mortgage debt for three office properties recently purchased on behalf of an investment affiliate of Grubb & Ellis Co.The three properties are Danbury Corporate Center, a 1 million-square-foot office property in...

Inland American Real Estate Trust has committed to make a $250 million preferred equity investment in an investment vehicle sponsored by Lauth Group, an Indianapolis developer of office, retail, industrial and healthcare properties. Inland, an Oak Brook, Ill.,...

FirstService Corp. is continuing its expansion in the commercial real estate service sector.It has acquired a majority interest in Colliers Monroe Friedlander, a Hawaii intermediary that has handled more than $600 million of transactions last year and manages...

Thiemann Real Estate has paid $14.3 million for Camden Taravue, a 304-unit apartment complex in St. Louis.The St. Louis firm purchased the property from Camden Property Trust of Houston, which marketed it through HFF Inc.Thiemann funded the acquisition...

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.,...

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...

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...

Wachovia Bank has provided $120.5 million of mortgage debt for three office properties recently purchased on behalf of an investment affiliate of Grubb & Ellis Co.The three properties are Danbury Corporate Center, a 1 million-square-foot office property in...

Inland American Real Estate Trust has committed to make a $250 million preferred equity investment in an investment vehicle sponsored by Lauth Group, an Indianapolis developer of office, retail, industrial and healthcare properties. Inland, an Oak Brook, Ill.,...

FirstService Corp. is continuing its expansion in the commercial real estate service sector.It has acquired a majority interest in Colliers Monroe Friedlander, a Hawaii intermediary that has handled more than $600 million of transactions last year and manages...

Thiemann Real Estate has paid $14.3 million for Camden Taravue, a 304-unit apartment complex in St. Louis.The St. Louis firm purchased the property from Camden Property Trust of Houston, which marketed it through HFF Inc.Thiemann funded the acquisition...

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...

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...

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...

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...