National Office Properties LP has purchased 301 Congress, a 418,338-square-foot office property in Austin, Texas, from a venture between Crescent Real Estate Equities Co. and Aetna.National Office is a venture between Hines and the California Public Employees' Retirement...

The Brandeis Building, an Omaha, Neb., office property that was being converted to residential condominiums, is on the sales block.NAI NP Dodge Commercial Real Estate of Omaha is marketing the property, which was placed on the sales block...

Arbor Realty Trust Inc. has committed to invest $210 million in Lightstone Group's $8 billion acquisition of Extended Stay Hotels from Blackstone Group.Arbor's preferred equity investment is senior to up to another $450 million of subordinate preferred equity...

Kimco Realty Corp. has paid $354 million for 12 retail centers in California and Nevada totaling 1.1 million square feet.The New Hyde Park, N.Y., REIT purchased the properties from Wall Street Properties Co. of Del Mar, Calif. They...

Fitch Ratings has upgraded Prudential Asset Resources' master servicer rating to CMS2 from CMS2- and affirmed its CPS2 primary and CSS2- special servicing ratings.The rating agency said the upgrade was due to Prudential's new investor Web site, improved...

Morgan Stanley Mortgage Capital Inc. has provided $140 million of financing for two Northern Virginia malls totaling 843,000 square feet. HHH Properties, which is controlled by Washington, D.C., businessman Herbert Haft received the debt, which was arranged by...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-183.0030.003.39AAAAaa+13swapsA-1A412.5030.008.74AAAAaaNAswapsA-2681.0030.004.88AAAAaa+22swapsA-358.2030.006.71AAAAaa+33swapsA-AB130.7030.007.30AAAAaa+27swapsA-4954.3630.009.76AAAAaa+28swapsA-M331.4020.009.88AAAAaa+32swapsA-J273.4011.759.95AAAAaa+37swapsB33.1410.759.96AA+Aa1+42swapsC33.149.759.96AAAa2+45swapsD33.148.759.96AA-Aa3+52swapsE20.718.1259.96A+A1+57swapsF24.867.3759.96AA2+65swapsG29.006.509.96A-A3+74swapsH41.425.259.96BBB+Baa1+105swapsJ33.144.259.96BBBBaa2+135swapsK33.143.259.96BBB-Baa3+250swapsL16.572.759.96BB+Ba1NATreasM12.432.3759.96BBBa2NATreasN12.432.009.96BB-Ba3NATreasO8.291.759.96B+B1NATreasP8.291.509.96BB2NATreasQ8.291.259.96B-B3NATreasS41.420.009.96NRNRNATreasXW3,313.94*NA8.12AAAAaaNATreas*Notional amount, interest onlyCollateral balance: $3,313.94 millionBookrunner(s): Bear Stearns, Morgan StanleyLead Managers: Bear Stearns, Morgan StanleyB-piece Buyer: Centerline REIT Inc.Master Servicer: Wells Fargo (74.6 percent), Prudential Asset Resources (25.4 percent)Special Servicer: Centerline Servicing Inc.Trustee: LaSalle...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-152.9830.002.68AAAAaa+12swapsA-1A595.7130.009.53AAAAaaNAswapsA-2151.6130.004.92AAAAaa+24swapsA-3180.0030.008.39AAAAaa+37swapsA-41,195.0330.009.79AAAAaa+30swapsA-SB117.5930.007.14AAAAaa+27swapsA-M327.5620.009.91AAAAaa+33swapsA-J262.0512.009.91AAAAaa+40swapsB24.5711.259.93AA+Aa1+46swapsC36.8510.1259.99AAAa2+49swapsD32.769.1259.99AA-Aa3+55swapsE49.137.6259.99AA2+68swapsF36.856.509.99A-A3+76swapsG40.955.259.99BBB+Baa1+117swapsH32.764.259.99BBBBaa2+152swapsJ40.953.009.99BBB-Baa3+225swapsK8.192.759.99BB+Ba1NATreasL8.192.50 BBBa2NATreasM16.382.00 BB-Ba3NATreasN8.191.75 B+B1NATreasP4.091.625 BB2NATreasQ12.281.25 B-B3NATreasNR40.950.00 NRNRNATreasX3,275.61*NANAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $3,275.61Bookrunner(s): JPMorgan Chase SecuritiesLead Managers: JPMorgan Chase Securities, CIBC World MarketsCo-managers: Bear StearnsB-piece Buyer: Presidio Investments Inc.Master Servicer: CapmarkSpecial Servicer: LNR PartnersTrustee: LaSalle BankOriginators: CIBC (44.5 percent), JPMorgan Chase (55.5...

The Brandeis Building, an Omaha, Neb., office property that was being converted to residential condominiums, is on the sales block.NAI NP Dodge Commercial Real Estate of Omaha is marketing the property, which was placed on the sales block...

Commercial Real Estate Direct Staff ReportTimarchi Management's agreement to purchase 3.1 million square feet of Dallas office space from Crescent Real Estate Equities has collapsed because of funding issues. Equastone has emerged as a likely buyer. Trimarchi, an...

Thayer Lodging Group has purchased three Marriott-brand hotels with 825 rooms at the Miami International Airport from Marriott International Inc. for $57.5 million. The Annapolis, Md., real estate company plans to invest an additional $65 million on a...

Larry Wilemon, a former senior vice president with George Smith Partners, has joined HFF Inc. as managing director in the firm's Los Angeles office.Wilemon is an attorney who had helped complete more than $2 billion of financing transactions...

National Office Properties LP has purchased 301 Congress, a 418,338-square-foot office property in Austin, Texas, from a venture between Crescent Real Estate Equities Co. and Aetna.National Office is a venture between Hines and the California Public Employees' Retirement...

Thomas Properties Group has sold the Intercontinental Center, with 196,895 square feet in Houston, to Bresler & Reiner Inc. for $24.2 million.Thomas, headquartered in Los Angeles, had taken over the property two years ago when it purchased, with...

Prudential Mortgage Capital Co. provided $100 million of fixed-rate financing to Lion Industrial Properties for a portfolio of nine industrial buildings in Commerce, Calif., with 2.1 million square feet.The financing, originated by Pru's Chicago office, was securitized through...

Arbor Realty Trust Inc. has committed to invest $210 million in Lightstone Group's $8 billion acquisition of Extended Stay Hotels from Blackstone Group.Arbor's preferred equity investment is senior to up to another $450 million of subordinate preferred equity...

Morgan Stanley Mortgage Capital Inc. has provided $140 million of financing for two Northern Virginia malls totaling 843,000 square feet. HHH Properties, which is controlled by Washington, D.C., businessman Herbert Haft received the debt, which was arranged by...

Kimco Realty Corp. has paid $354 million for 12 retail centers in California and Nevada totaling 1.1 million square feet.The New Hyde Park, N.Y., REIT purchased the properties from Wall Street Properties Co. of Del Mar, Calif. They...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingFitchRatingMoody'sFinalPricing (bp)BnchmarkA-183.0030.003.39AAAAaa+13swapsA-1A412.5030.008.74AAAAaaNAswapsA-2681.0030.004.88AAAAaa+22swapsA-358.2030.006.71AAAAaa+33swapsA-AB130.7030.007.30AAAAaa+27swapsA-4954.3630.009.76AAAAaa+28swapsA-M331.4020.009.88AAAAaa+32swapsA-J273.4011.759.95AAAAaa+37swapsB33.1410.759.96AA+Aa1+42swapsC33.149.759.96AAAa2+45swapsD33.148.759.96AA-Aa3+52swapsE20.718.1259.96A+A1+57swapsF24.867.3759.96AA2+65swapsG29.006.509.96A-A3+74swapsH41.425.259.96BBB+Baa1+105swapsJ33.144.259.96BBBBaa2+135swapsK33.143.259.96BBB-Baa3+250swapsL16.572.759.96BB+Ba1NATreasM12.432.3759.96BBBa2NATreasN12.432.009.96BB-Ba3NATreasO8.291.759.96B+B1NATreasP8.291.509.96BB2NATreasQ8.291.259.96B-B3NATreasS41.420.009.96NRNRNATreasXW3,313.94*NA8.12AAAAaaNATreas*Notional amount, interest onlyCollateral balance: $3,313.94 millionBookrunner(s): Bear Stearns, Morgan StanleyLead Managers: Bear Stearns, Morgan StanleyB-piece Buyer: Centerline REIT Inc.Master Servicer: Wells Fargo (74.6 percent), Prudential Asset Resources (25.4 percent)Special Servicer: Centerline Servicing Inc.Trustee: LaSalle...

Fitch Ratings has upgraded Prudential Asset Resources' master servicer rating to CMS2 from CMS2- and affirmed its CPS2 primary and CSS2- special servicing ratings.The rating agency said the upgrade was due to Prudential's new investor Web site, improved...

  ClassAmt$mlnSubLevel%AvgLife (yrs)RatingS&PRatingMoody'sFinalPricing (bp)BnchmarkA-152.9830.002.68AAAAaa+12swapsA-1A595.7130.009.53AAAAaaNAswapsA-2151.6130.004.92AAAAaa+24swapsA-3180.0030.008.39AAAAaa+37swapsA-41,195.0330.009.79AAAAaa+30swapsA-SB117.5930.007.14AAAAaa+27swapsA-M327.5620.009.91AAAAaa+33swapsA-J262.0512.009.91AAAAaa+40swapsB24.5711.259.93AA+Aa1+46swapsC36.8510.1259.99AAAa2+49swapsD32.769.1259.99AA-Aa3+55swapsE49.137.6259.99AA2+68swapsF36.856.509.99A-A3+76swapsG40.955.259.99BBB+Baa1+117swapsH32.764.259.99BBBBaa2+152swapsJ40.953.009.99BBB-Baa3+225swapsK8.192.759.99BB+Ba1NATreasL8.192.50 BBBa2NATreasM16.382.00 BB-Ba3NATreasN8.191.75 B+B1NATreasP4.091.625 BB2NATreasQ12.281.25 B-B3NATreasNR40.950.00 NRNRNATreasX3,275.61*NANAAAAAaaNATreas*Notional amount, interest onlyCollateral balance: $3,275.61Bookrunner(s): JPMorgan Chase SecuritiesLead Managers: JPMorgan Chase Securities, CIBC World MarketsCo-managers: Bear StearnsB-piece Buyer: Presidio Investments Inc.Master Servicer: CapmarkSpecial Servicer: LNR PartnersTrustee: LaSalle BankOriginators: CIBC (44.5 percent), JPMorgan Chase (55.5...

UrbanAmerica LP has sold seven office and retail properties with 331,000 square feet in the Washington, D.C., area for $48.5 million.The properties were sold to a local investor group operating as Urban Retail Investors LLC. They are: 3907...

Chicago Sun Times Health Care Service Corp. has announced that it will add 24 stories to its building at 300 E. Randolph in Chicago's East Loop. Health Care Service Corp., the parent company for Blue Cross and Blue...

New York Community Bancorp Inc. has agreed to sell 960 Ave. of the Americas, a 99,000-square-foot office building in Manhattan's Herald Square neighborhood, for $105 million.The lender took over the property last year when it acquired Atlantic Bank...

SCI Investments has purchased a 1,021-unit portfolio of student housing properties located throughout the country.The Los Angeles firm purchased the property on behalf of tenant-in-common investors from GMH Communities Trust of Newtown Square, Pa., which marketed the portfolio...