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...

Kronos Hotels & Resorts has paid Lodgian Inc. $64.9 million for 16 hotels with 3,057 rooms.Kronos, which is headquartered in Atlanta, has agreed to buy one additional hotel from Lodgian, but declined to provide specific information about the...

Michael Nash, who formerly led Merrill Lynch's real estate principal investment group, has joined Blackstone Group as senior managing director in its real estate group.In his new post, Nash will focus on developing business initiatives within the real...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-150.0020.003.16AAAAaa+21swapsA-1A529.7020.00NAAAAAaaNAswapsA-2231.5020.005.75AAAAaa+43swapsA-J105.209.6256.61AAAAaa+48swapsB15.208.1257.08AAAa2+55swapsC17.706.3757.40AA2+75swapsD20.304.3758.47BBB+Baa1+120swapsE10.103.3759.11BBBBaa2+150swapsF7.602.6259.21BBB-Baa3+225swaps*Notional amount, interest onlyCollateral balance: $1,014 billionBookrunner(s): Morgan StanleyLead Managers: Morgan Stanley, Sovereign Securities Corp.Master Servicer: Capmark FinanceSpecial Servicer: Sovereign BankTrustee: Wells Fargo BankOriginators: Sovereign Bank (100 percent)Number of Loans/Properties: 264/313Top-10 Concentration: 18.4 percentProperty Types:...

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...

Commercial Real Estate Direct Staff ReportThe volume of commercial mortgage debt outstanding in the United States topped $3 trillion in the first quarter, an increase of 2.5 percent from the $2.95 trillion outstanding at the end of last...

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...

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...

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,...

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...

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...

Kronos Hotels & Resorts has paid Lodgian Inc. $64.9 million for 16 hotels with 3,057 rooms.Kronos, which is headquartered in Atlanta, has agreed to buy one additional hotel from Lodgian, but declined to provide specific information about the...

Michael Nash, who formerly led Merrill Lynch's real estate principal investment group, has joined Blackstone Group as senior managing director in its real estate group.In his new post, Nash will focus on developing business initiatives within the real...

Commercial Real Estate Direct Staff ReportThe volume of commercial mortgage debt outstanding in the United States topped $3 trillion in the first quarter, an increase of 2.5 percent from the $2.95 trillion outstanding at the end of last...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-150.0020.003.16AAAAaa+21swapsA-1A529.7020.00NAAAAAaaNAswapsA-2231.5020.005.75AAAAaa+43swapsA-J105.209.6256.61AAAAaa+48swapsB15.208.1257.08AAAa2+55swapsC17.706.3757.40AA2+75swapsD20.304.3758.47BBB+Baa1+120swapsE10.103.3759.11BBBBaa2+150swapsF7.602.6259.21BBB-Baa3+225swaps*Notional amount, interest onlyCollateral balance: $1,014 billionBookrunner(s): Morgan StanleyLead Managers: Morgan Stanley, Sovereign Securities Corp.Master Servicer: Capmark FinanceSpecial Servicer: Sovereign BankTrustee: Wells Fargo BankOriginators: Sovereign Bank (100 percent)Number of Loans/Properties: 264/313Top-10 Concentration: 18.4 percentProperty Types:...

Commercial Real Estate Direct Staff Report General Property Trust (GPT) of Australia has paid $265 million for a 95 percent stake in 19 properties managed by Benchmark Assisted Living. Benchmark, a Wellesley Hills, Mass., operator of seniors care...

An undisclosed owner has lined up $35 million of mortgage debt for the Sheraton Imperial Raleigh, a 331-room hotel in Durham, N.C.Prudential Mortgage Capital provided the financing, which carries a 10-year term with a fixed-rate. Todd Crouse of...

An undisclosed seller is offering for sale Chantry Square, a 243,560-square-foot shopping center in Columbus, Ohio, for $23.3 million.The seller has tapped the Columbus office of Marcus & Millichap to market the property.Chantry Square sits on 21 acres...