The Rockefeller Group has struck a deal to buy a majority stake in TA Realty LLC, a Boston investment manager with some $12 billion of assets under management. Rockefeller, which did not disclose terms of its proposed acquisition,...

Commercial Real Estate Direct Staff Report JPMorgan Chase Bank has provided $108.9 million of financing against CityPlace, an 880,476-square-foot office complex in the St. Louis suburb of Creve Coeur, Mo. The property was recently purchased by a venture...

Dune Real Estate Partners has completed marketing for its latest investment fund, after raising $960 million of equity commitments. The New York investment manager had targeted raising $850 million for the vehicle, Dune Real Estate Fund III, when...

Commercial Real Estate Direct Staff Report McGraw-Hill Financial Inc. said its Standard & Poor's Ratings Services unit was in "active discussions" with the SEC to resolve a "Wells Notice" the regulator had issued last July. The Wells Notice...

  Brian S. Block has stepped down as chief financial officer of American Realty Capital Properties Inc., after the company reported that it had incorrectly reported a key data point in its first-quarter financial results. Block has been...

Commercial Real Estate Direct Staff Report CBRE Global Investors has paid about $89 million, or $430/sf, for the 207,000-square-foot office building at 235 Pine St. in San Francisco. The Los Angeles investment manager bought the fully-occupied property from...

Commercial Real Estate Direct Staff Report Pebblebrook Hotel Trust this week reported that 21 of its 38 hotels operated at an occupancy rate of 90 percent or more during the latest quarter, contributing to its overall 90.2 percent...

The Massachusetts Institute of Technology has exercised its right to purchase the 231,000-square-foot office property at 415 Main St. in Cambridge, Mass., for $106 million, or roughly $459/sf. The college in 2004 had signed a lease for the...

Bascom Group has paid $23.8 million, or roughly $267,416/unit, for San Pedro Bank Lofts, an 89-unit apartment property in the Los Angeles community of San Pedro, Calif. The two-building property, at 407-409 West 7th St., was purchased from...

Commercial Real Estate Direct Staff Report Mariner Real Estate Management, a Leawood, Mo., investment manager, has raised $85 million of the $300 million of equity commitments it's seeking for its latest investment fund. Its Mariner Real Estate Partners...

Commercial Real Estate Direct Staff Report Vanderbilt Partners has struck a deal to pay roughly $50 million, or $176/sf, for Palmer Plaza, a 284,000-square-foot office property in Nashville, Tenn. The Chicago company is buying the 18-story building, at...

Chambers Street Properties has paid $21.1 million, or $42/sf, for a 502,500-square-foot distribution building in the St. Louis suburb of Sauget, Ill. The Princeton, N.J., REIT bought the property, at 1659 Sauget Business Blvd., from Covington Group of...

Phillips Edison - ARC Grocery Center REIT II Inc. has paid $19.7 million for a pair of shopping centers in Milwaukee and Roscoe, Ill. The Cincinnati REIT, whose shares are not traded on any exchange, paid $10.4 million,...

Commercial Real Estate Direct Staff Report Woodruff Cos. is offering for sale Lakeside Village, a 263-unit apartment property in Columbus, Ga. The Columbus company has hired Colliers International to market the property, which could sell for around $36.3...

United Bank has provided a $37.4 million construction loan against the 168-room Hyatt Place hotel in Washington, D.C., that is scheduled for completion in 2016. The long-term loan was arranged by Cassidy Turley. The project, at 2121 M...

Commercial Real Estate Direct Staff Report Select Income REIT, which last month struck a deal to buy Cole Corporate Income Trust Inc. in a deal valued at $3 billion, is considering possibly selling certain non-core assets after its...

Commercial Real Estate Direct Staff Report Commercial mortgage originations in the third quarter climbed by 18 percent from the second quarter, according to a survey by the Mortgage Bankers Association. When compared with last year's third quarter, volumes...

A venture of Norges Bank Investment Management and TIAA-CREF has paid $392 million, or roughly $1,075/sf, for 800 17th St. NW, a 364,502-square-foot office building in Washington, D.C. The venture acquired the four-year-old building from PNC Financial Services...

Shorenstein Properties is in the market to sell 5 Post Oak Park, a 567,396-square-foot office building in Houston. The San Francisco investment manger has tapped HFF to handle the marketing of the property, which is on 3.6 acres...

Aareal Bank has provided a $97 million loan against 32,324 square feet of retail condominium space at 650 Fifth Ave. in midtown Manhattan. The two-year loan has a coupon pegged to Libor plus 350 basis points. The space...

New York Community Bank has provided a $94.5 million loan against the Rachel Bridge Apartments, a 960-unit complex with four buildings in the Washington Heights section of Manhattan. The loan replaces $38 million of maturing debt that was...

Commercial Real Estate Direct Staff Report CBRE Global Investors has agreed to pay $163 million, or roughly $347/sf, for a two-building office complex with 469,566 square feet in Cambridge, Mass. The Los Angeles investment manager is acquiring the...

Ashford Hospitality Prime Inc. is looking to sell the 498-room Courtyard Downtown Philadelphia, and possibly other hotels in order to fund a share buy-back. The Dallas REIT this morning announced that it planned to buy back up to...

Class Amt $mln Sub Level% Avg Life (yrs) RatingMoody's RatingKroll RatingFitch  Pricing % Yield% Final Pricing (bp) Bnch mark A-1 34.20  30.00 2.86  Aaa AAA  AAA 99.999 1.375 +38 swaps A-2 55.25  30.00 4.95 Aaa  AAA  AAA 103.000...

A minimum of 20 percent of a CMBS trust's bondholders are required to replace a trust's special servicer, under terms of recently approved federal rules regarding the retention of risk in asset-backed securities. A story published Oct. 23,...