Commercial Real Estate Direct Staff Report Cousins Properties Inc. is looking to sell a stake in 191 Peachtree Center NE, a 1.2 million-square-foot office property in downtown Atlanta. Eastdil Secured has the assignment. "We have had good initial...

Commercial Real Estate Direct Staff Report Simon Property Group's proposed purchase of Jersey Gardens, a 1.3 million-square-foot shopping mall in Elizabeth, N.J., will result in the pay-off of its $350 million CMBS loan. The property is currently owned...

Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes Banc of...

Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes Banc...

Blackstone Group has agreed to sell its Indcor Properties Inc. operation for more than $8 billion to investors led by the Singapore sovereign wealth fund GIC Private Ltd., according to a report on Bloomberg. The GIC partnership is...

SL Green Realty Corp. has paid $32.25 million, or roughly $3,505/sf, for a 9,200-square-foot retail property in Manhattan that could be expanded by 5,500 sf. The New York REIT acquired the property from BLDG Management, which was represented...

Commercial Real Estate Direct Staff Report TIAA-CREF has provided an $85 million loan against 816 Congress Ave., a 435,000-square-foot office building in Austin, Texas. The 10-year loan pays a coupon of 3.75 percent. It requires payments of only...

Commercial Real Estate Direct Staff Report Chatham Lodging Trust, which has ventured with NorthStar Realty Finance Corp. in a deal to buy a portfolio of 52 hotels with 6,976 rooms from Inland American Real Estate Trust, paid $28...

CIT Bank has provided $55 million of financing against Five Tower Bridge, a 222,058-square-foot office building in suburban Philadelphia that's owned by MIM-Hayden Real Estate Fund I LP. The fund, sponsored by Hayden Real Estate Investments and Miller...

The buyer of the Hampton Inn United Nations and Holiday Inn Express Manhattan Times Square South in midtown Manhattan was the investment management arm of the Kuwait Finance House. The unit, KFH Capital Investment Co., paid $135 million,...

Commercial Real Estate Direct Staff Report The volume of CMBS loans that are more than 30-days delinquent with their payments remained unchanged last month at $31.8 billion, but because the overall size of the CMBS universe shrunk a...

Edens Investment Trust has agreed to buy AmREIT Inc., a Houston REIT that owns 33 grocery and drug store-anchored shopping centers with 1.6 million square feet, for about $763 million, or $26.55/share. The deal, which AmREIT's board has...

PCCP has provided $56.5 million of financing against Midtown360, a stalled condominium project in Orem, Utah. The financing allowed Ritchie Group of Salt Lake City to buy the partially completed property and launch construction on the first phase...

Brookwood Financial Partners has paid roughly $70 million, or $152/sf, for two office buildings with a total of 443,273 square feet in Irving, Texas. The Beverly, Mass., company has lined up a $51 million bridge loan from the...

Class Amt $mln Sub Level% Avg Life (yrs) RatingFitch RatingKroll Pricing % Yield% Final Pricing (bp) Bnch mark A-1  225.92 15.00 6.46  AAA  AAA  101.995 2.412 +40  swaps A-2 1,104.58  15.00 9.75  AAA AAA  102.994  3.241 +44  swaps...

Vornado Realty Trust has struck a deal to sell the 601,000-square-foot office building at 1740 Broadway in Manhattan for roughly $605 million, or $1,007/sf. The Paramus, N.J., REIT, which was represented by CBRE, expects to generate $443 million...

Devonshire REIT Inc. has paid $69.75 million, or $128/sf, for three shopping centers with 544,946 square feet. The properties are Maple Hill Mall, a 283,551-sf power center in Kalamazoo, Mich.; the 136,942-sf Alpine Summit Shopping Center in Grand...

Commercial Real Estate Direct Staff Report Mesa West Capital has provided $116 million of financing against 10 Post Office Square, a 445,000-square-foot office property in Boston. The property was recently purchased by a venture of GreenOak Real Estate...

Berkadia Commercial Mortgage has written a $1.36 billion Freddie Mac loan against a portfolio of 56 apartment properties with some 18,000 units that Lone Star Funds recently purchased. The financing that Berkadia arranged is comprised of a series...

TD Bank has teamed with Mercantil Commercebank to provide an $80 million construction loan against a 400-unit apartment property in Miami that is scheduled to be completed in 2016. The loan was arranged by HFF. The 24-story building,...

Commercial Real Estate Direct Staff Report Accesso Partners, a Hallandale Beach, Fla., investment manager, has paid $17 million, or about $162/sf, for a newly-built office/flex building in North Charleston, S.C. The 105,147-square-foot property, Remount II, is the second...

Class Amt $mln Sub Level% Avg Life (yrs) RatingS&P RatingKroll Pricing % Final Pricing (bp) Bnch mark A 133.60  67.81 4.93  AAA AAA  100.00  +90  Libor B 48.70  56.07 4.93  AA-  AA-  100.00  +140  Libor C 36.20 47.35...

The Mortgage Bankers Association is predicting that commercial mortgage originations this year will increase by 6 percent from last year, to a total of $379 billion. And next year it's predicting that volumes will climb by 8 percent,...

Cassidy Turley has hired Erick Koehler as vice president of its capital markets team in Cincinnati. Koehler, who joined from the private-banking unit of JPMorgan Chase, will handle the sale of office, industrial, retail and multifamily properties. He...

John A Bogler, the former chief financial officer of CapitalSource Inc., has been named to the same post at Sabal Financial Group, an opportunistic investor in loans and properties in Newport Beach, Calif. In his new post, Bogler...