Bloomberg has reported that the SEC is aiming to suspend Standard & Poor's from rating CMBS. The information service, which cited a person knowledgeable about the matter, noted that S&P's parent, McGraw-Hill Financial Inc., was still in talks...

CBRE Capital Markets has provided $151 million of Freddie Mac financing against nine apartment properties with 2,368 units in the Dallas and Houston markets that Harbor Group International recently purchased. Harbor Group had acquired 12 properties with 3,100...

Commercial Real Estate Direct Staff Report Banco Inbursa has provided $115 million of floating-rate financing against the Fashion Atrium, a 255,908-square-foot office building at 485 Seventh Ave. in Manhattan's Garment District that was purchased by the Lightstone Group...

Commercial Real Estate Direct Staff Report Moody's Investors Service last Friday downgraded four principal-paying classes of JPMorgan Chase Commercial Mortgage Securities Trust, 2010-C1. Morgan Stanley, which highlighted the rating action, noted that the downgrade marked the first of...

Blackstone Group has agreed to sell a northern California office portfolio with 8.2 million square feet for $3.5 billion, or about $425/sf, to Hudson Pacific Properties Inc. The New York investment manager picked up the portfolio, which includes...

Commercial Real Estate Direct Staff Report Commercial property prices increased by 140 basis points in October, led by the 220-bp gain for major markets, according to the Moody's/RCA Commercial Property Price Indices, or CPPI. Pricing for all property...

Commercial Real Estate Direct Staff Report NorthStar Real Estate Income II Inc. has written a $41 million mortgage against 6 Norden Place, a 167,000-square-foot data center in Norwalk, Conn., that is fully leased to Cervalis LLC. The property...

SL Green Realty Corp. has increased its ownership stake in the 674,000 square feet of office space at 1745 Broadway to 56.88 percent from 32.26 percent. It increased its stake in the space, which is fully leased to...

Crain's Chicago Business Lone Star Funds, which in October sold Chicago's International Tower for $40.9 million, provided a venture that includes Golub & Co. $28.8 million of debt financing for its purchase of the 302,088-square-foot office building. Lone...

Forest City Enterprises has sold Forest Trace, its last seniors-housing property, for $59.5 million, or nearly $185,000/unit. The 322-unit property, at 5500 NW 69th Ave. in Lauderhill, Fla., which is just west of Fort Lauderdale, Fla., includes 40...

K&D Management has paid $20 million, or nearly $50/sf, for Cleveland's Halle Building, with 409,000 square feet of office space. The Cleveland company bought the 11-story building, at 1228 Euclid Ave., from Forest City Enterprises Inc. The Halle...

Commercial Real Estate Direct Staff Report A total of 62 CMBS loans with a balance of $676.4 million were liquidated last month, according to Trepp LLC. While that volume paled in comparison to previous months, it helped bring...

The venture that owns the 216,482-square-foot office building at 4825 Mark Center Drive in Alexandria, Va., had sought to modify terms of a $203.3 million CMBS loan against the property and eight others it owns in the Mark...

Commercial Real Estate Direct Staff Report One Federal St., a 1.1 million-square-foot office building in Boston that's owned by Tishman Speyer Properties, is 92 percent leased and will be unscathed by the merger of its main tenant with...

Commercial Real Estate Direct Staff Report Deutsche Bank has provided $224 million of financing against One Memorial Drive, a 369,436-square-foot office building in Cambridge, Mass., that was acquired recently by a venture of a JPMorgan Chase Bank pension...

Commercial Real Estate Direct Staff Report The steady improvement in hotel fundamentals that began in 2010 will continue through next year, but at a slightly slower pace, according to PKF Hospitality Research. The Atlanta research firm predicts that...

City Office REIT Inc. has paid $26.5 million, or roughly $213/sf, for 12650 Ingenuity Drive, a 124,500-square-foot office property in Orlando, Fla. The Vancouver, British Columbia, REIT acquired the two-story building from Chambers Street Properties, which was represented...

Commercial Real Estate Direct Staff Report ValueRock Realty Partners has paid $109.5 million for the Hawaii Kai Towne Center, a 469,787-square-foot mixed-use property in Honolulu. The Irvine, Calif., investor bought the 23-year-old property, which has 250,000 sf of...

The SEC has accused two former executives at Enlivant, a Chicago operator of seniors-housing properties, of doctoring occupancy rates at some of the company's properties to avoid breaking covenants in leases with the facilities' owner, Ventas Inc. The...

Greenbridge Investment Partners has paid $25 million, or $61.50/sf, for the Seattle Design Center, a 406,459-square-foot office and showroom center in Seattle. The Beverly Hills, Calif., investor bought the property from Hines in a deal brokered by Madison...

Commercial Real Estate Direct Staff Report The 216,482-square-foot office building at 4825 Mark Center Drive in Alexandria, Va., is facing a sharp decline in occupancy next year when its main tenant, CNA Corp., moves out. That has prompted...

Commercial Real Estate Direct Staff Report PennyMac Financial Services Inc., a lender and servicer of residential mortgages, is moving into the small-balance commercial mortgage business big time. It's hired a team of seasoned professionals, led by Steve Skolnick,...

Commercial Real Estate Direct Staff Report Principal Global Investors has paid $75.4 million for 2401 Pennsylvania Ave. NW, a 145,060-square-foot mixed-use property in Washington, D.C. The Des Moines, Iowa, investment manager acquired the property from Brookfield Property Partners,...

Terreno Realty Corp. has paid $22.9 million, or $86.25/sf, for 14605 Miller Ave., a 265,500-square-foot industrial building in Fontana, Calif. The San Francisco REIT bought the property, which is fully leased to Kumho Tires, from Ontario Realty Inc....

A trust controlled by the founder of IPG Photonics has paid $25.55 million, or roughly $163/sf, for the Marlborough Corporate Center, a 156,630-square-foot office building in the Boston suburb of Marlborough, Mass. The trust is controlled by Valentin...