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,...

Commercial Real Estate Direct Staff Report Synergy Investments is offering for sale two office buildings with 131,072 square feet in downtown Boston. The buildings, 141 Tremont St., with 68,645 sf across the street from the Boston Common, and...

Commercial Real Estate Direct Staff Report Goldman Sachs Group Inc. has provided $123 million of floating-rate financing against Canal Center, a 538,895-square-foot office building in Alexandria, Va. The five-year loan was arranged by Cassidy Turley and was structured...

Class Amt $mln Sub Level% Avg Life (yrs) RatingMoody's RatingMStar RatingDBRS Pricing % Yield% Final Pricing (bp) Bnch mark A 236.00  29.55 9.94  Aaa AAA AAA  102.992  3.38 +95  swaps B 29.00  20.00 9.94  Aa3  AAA AA  102.234 ...

Class Amt $mln Sub Level% Avg Life (yrs) RatingMoody's Pricing % Yield% Final Pricing (bp) Bnch mark A 220.55  31.25 3.00   Aaa 100.00  2.55 +150  swaps B 17.24  25.875 8.02  Aa3        swaps C 13.23 21.75...

Commercial Real Estate Direct Staff Report APF Properties has sold 2200 West Loop South, a 202,000-square-foot office building in Houston's Galleria area to its main tenant for what is said to have been $47 million, or $232.70sf. The...

A venture of American Real Estate Partners and Investcorp has paid $176 million, or roughly $327/sf, for the Canal Center Plaza, a 538,895-square-foot office property in the Washington, D.C., suburb of Alexandria, Va. It acquired the property from...

  Steadfast Apartment REIT Inc. has paid $98.5 million, or $141,523/unit for AMLI at McGinnis Ferry, a 696-unit apartment property in the Atlanta suburb of Suwanee, Ga. The Irvine, Calif., REIT, whose shares do not trade on any...

Commercial Real Estate Direct Staff Report A year after being assumed as part of the sale of its collateral portfolio, a $90 million CMBS loan securitized through Credit Suisse Mortgage Securities Corp., 2006-C4, again has been sent to...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's RatingFitch RatingDBRS RatingKroll Pricing % Yield% Final Pricing (bp) Bnch mark A-1  57.05 30.00 2.72  Aaa  AAA  AAA AAA 99.998  1.316 +43  swaps A-2 99.02  30.00 4.87  Aaa ...

Commercial Real Estate Direct Staff Report Morgan Stanley Bank has provided $300 million of financing against the Graybar Building, a 1.2 million-square-foot office building at 420 Lexington Ave. in midtown Manhattan. The 10-year loan pays a coupon of...

Commercial Real Estate Direct Staff Report Simon Property Group has evidently given up on the Shops at Sunset Place, a 514,437-square-foot open-air shopping center in Miami. The Indianapolis REIT, which this morning announced a 14.2 percent increase in...

Commercial Real Estate Direct Staff Report Steadfast Income REIT Inc., a non-traded REIT that was launched in 2010, has tapped Goldman Sachs as financial adviser to help it evaluate its strategic options. The company, sponsored by Steadfast Cos....

NorthStar Realty Finance Corp., which recently originated a $144 million loan against an office and industrial property portfolio owned by RXR Realty, funded the loan through its NorthStar Real Estate Income II Inc. affiliate. As reported, the loan...

Morgan Stanley Bank has provided a $100 million loan against 183 Madison Ave., a 274,413-square-foot office building in Manhattan that was purchased earlier this month by a venture of Tishman Speyer Properties and Cogswell-Lee Development Group. The Tishman/Cogswell...

Cole Office & Industrial REIT Inc. has paid $58.9 million, or $58.90/sf, for 5000 Commons Way, a 1 million-square-foot distribution facility in the Dinwiddie Commerce Park in Petersburg, Va. The Phoenix REIT, whose shares do not trade on...

Walker & Dunlop Inc. has written a $108 million Fannie Mae loan against Cypress Lakes, a massive age-restricted, manufactured-housing community in Lakeland, Fla. The Bethesda, Md., mortgage company partnered with Keystone Commercial Capital of Phoenix to arrange the...