Commercial Real Estate Direct Staff ReportPrincipal Global Investors has provided $22 million for the refinancing of two office buildings with a combined 136,825 square feet in Reston, Va. The seven-year, fixed-rate loan was provided to the Bernstein Cos....

By Jeff Mordock, Commercial Real Estate Direct Staff WriterA Southern California investment group is offering for sale the Park Plaza Hotel, a 189-room property in Oakland, Calif.The group has tapped the San Francisco office of Marcus & Millichap...

Angelo, Gordon & Co. has paid $58 million for three Sunny Delight Beverage Co. bottling plants. The investment manager's Net Lease Group, which raised a $160 million investment vehicle to target properties that would be net leased to...

Kimco Realty Corp. is offering for sale Lafayette Marketplace, a 214,876-square-foot retail property in Lafayette, Ind.The New Hyde Park, N.Y., REIT, has tapped the Chicago office of HFF Inc. to market the property. No asking price has been...

Commercial Real Estate Direct Report JBG Cos. is marketing for sale a recently-built 311,000-square-foot office building at 1101 K St. NW in Washington. The property's listing agent, HFF Inc., is also marketing another large downtown Washington property for...

Carlton Group has opened up shop in Tel Aviv, giving the New York investment adviser further capabilities to tap investors in the Middle East, Europe, India and Asia. The company has hired Ido Kapner as managing director and...

Highwoods Properties Inc. has put the 1.3 million square feet of office and 300,000 sf of industrial space it owns in Winston-Salem, N.C., on the sales block.The Raleigh, N.C., REIT has tapped CB Richard Ellis to offer the...

Capmark Finance has provided $52 million of financing for the Equitable Building, a 624,642-square-foot office building in Atlanta that was recently purchased by a fund managed by Equastone.The loan has a three-year term and pays only interest. Equastone...

Capmark Finance Inc. has provided $69 million of floating-rate financing for 180 Peachtree St., a 604,000-square-foot former Macy's department store in downtown Atlanta. The financing has a three-year term and could be extended for another year. It pays...

By Jeff Mordock, Commercial Real Estate Direct Staff WriterA Southern California investment group is offering for sale the Park Plaza Hotel, a 189-room property in Oakland, Calif.The group has tapped the San Francisco office of Marcus & Millichap...

Commercial Real Estate Direct Report JBG Cos. is marketing for sale a recently-built 311,000-square-foot office building at 1101 K St. NW in Washington. The property's listing agent, HFF Inc., is also marketing another large downtown Washington property for...

Real Estate Capital Partners has paid $37 million for the Newport Office Park, a 172,000-square-foot office property at 108 Myrtle St. in Quincy, Mass.The New York investment manager purchased the property on behalf of a German client from...

Carlton Group has opened up shop in Tel Aviv, giving the New York investment adviser further capabilities to tap investors in the Middle East, Europe, India and Asia. The company has hired Ido Kapner as managing director and...

A private investment group is offering for sale Driftwood Shopping Center, a 95,421-square-foot retail property in the Orange County town of Ontario, Calif. The San Jose, Calif., group, which operates as Bhullar Properties, has tapped Marcus & Millichap...

Shareholders of seniors healthcare property operator Genesis HealthCare Corp. have approved a $1.9 billion takeover by Formation Capital and JER Partners.The Formation Capital/JER venture will pay $69.35/share for Genesis and assume $475 million in debt. If the deal...

Milwaukee Journal-SentinelA private investment group operating as Menomonee RP has paid $16 million for the U.S. Postal Service's 940,000-square-foot regional processing center in downtown Milwaukee. It lists lawyer Jeffrey Santaga of Wauwatosa, Wis., as its agent. A group...

Commercial Real Estate Direct Staff ReportPrincipal Global Investors has provided $22 million for the refinancing of two office buildings with a combined 136,825 square feet in Reston, Va. The seven-year, fixed-rate loan was provided to the Bernstein Cos....

Capmark Finance Inc. has provided $69 million of floating-rate financing for 180 Peachtree St., a 604,000-square-foot former Macy's department store in downtown Atlanta. The financing has a three-year term and could be extended for another year. It pays...

Angelo, Gordon & Co. has paid $58 million for three Sunny Delight Beverage Co. bottling plants. The investment manager's Net Lease Group, which raised a $160 million investment vehicle to target properties that would be net leased to...

Kimco Realty Corp. is offering for sale Lafayette Marketplace, a 214,876-square-foot retail property in Lafayette, Ind.The New Hyde Park, N.Y., REIT, has tapped the Chicago office of HFF Inc. to market the property. No asking price has been...

Triple Net Properties has purchased Chartwell Court, a 243-unit apartment complex in Houston. The Santa Ana, Calif., real estate firm purchased the complex from The Lynd Co. of San Antonio, Texas, which marketed it through CB Richard Ellis....

Capmark Finance Inc. provided $27.5 million of financing for HarborSouth Tower, a 203,596-square-foot office building in the Boston suburb of Quincy, Mass.The financing was arranged by CBRE Melody. The property was purchased for $45 million by a venture between...

  Deal NameCurrentPoolBal. $mlnOrig.PoolBal $mlnClassSize$mlnS&PNewRatingS&POldRatingReason for Rating ActionUBS 400 Atlantic Street Mortgage Trust, 2002-C1A29.829.8B-17.5AAAA+Full defeasance---B-24.2AAAA----B-35.0AAAA-----B-44.2AAABBB+----B-58.8AAABBB--Merrill Lynch Mortgage Investors Inc., 1998-C3388.2638.4D38.3AAA-Increased subordination---E8.0A+BBB+----F35.1BBBB--LB-UBS Westfield Trust, 2001-WM751.7800.0B65.1AAAAAImproved collateral performance; defeasance (12 percent of pool)---C59.3AAAA----D45.6AAAA-----E23.5AA+BBB+----F25.0AABBB----G54AA-BBB-- 

Commercial Real Estate Direct Staff ReportThe volume of delinquent CMBS loans inched up in April to $2.26 billion from $2.21 billion the month before, according to Realpoint, largely because the forbearance agreement on an $83.7 million mortgage on...

By Jeff Mordock, Commercial Real Estate Direct Staff WriterBLDG Management Inc. has purchased Zale Corp.'s 358,884-square-foot headquarters in the Dallas suburb of Irving, Texas.The New York real estate firm, led by Lloyd Goldman, purchased the property from an...