Commercial Real Estate Direct Staff Report The volume of loans in the hands of the CMBS industry's 17 special servicers declined last month, after increasing for two straight months, and now stands at $40.6 billion, according to Morningstar...

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 JPMorgan...

Commercial Real Estate Direct Staff Report Landesbank Hessen-Thuringen Girozentrale has provided a $112.4 million construction loan against a 430-unit apartment property in Washington, D.C., that is scheduled for completion in 2017. The property, at 600 H St. NE,...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Fitch Rating Kroll Rating Moody's Pricing % Final Pricing (bp) Bnch mark A-1 57.33 30.00 2.73 AAA AAA Aaa 99.998 +42 swaps A-2 75.86 30.00 4.89 AAA AAA Aaa...

Commercial Real Estate Direct Staff Report Capital One Multifamily Finance has written a $100 million Fannie Mae loan against Rachel Gardens, a 764-unit apartment property in Montville, N.J. The fixed-rate mortgage was used by Cammeby's International to fund...

Commercial Real Estate Direct Staff Report Wells Fargo Bank has written a $230 million Fannie Mae loan against One River Place, a 921-unit apartment property at 650 West 42nd St. in Manhattan. The loan replaces a $176.2 million...

Piedmont Office Realty Trust Inc. has paid $80.75 million, or roughly $214/sf, for 1155 Perimeter Center West, a 376,674-square-foot office building in Atlanta. The Atlanta REIT acquired the building, in the city's central perimeter submarket, from AEW Capital...

Lexington Realty Trust has agreed to pay $155 million, or nearly $340/sf, for a refrigerated warehouse that's under construction in Richland, Wash. The New York REIT said it expected the warehouse to be completed next year. It will...

Steadfast Apartment REIT Inc. has paid $45 million for two apartment complexes with 564 units in Austin, Texas. The Irvine, Calif., REIT, whose shares do not trade on any exchange, paid $21.5 million, or about $82,692/unit, for the...

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 Wachovia...

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 Citigroup Commercial...

ASB Real Estate Investments has paid $160.5 million, or $750,000/unit, for the 214-unit Watermarke Tower, an upscale apartment building in Los Angeles' South Park neighborhood. The investment manager bought the property, at 705 West 9th St., from Watermarke...

Chesapeake Lodging Trust has agreed to pay $147.2 million, or about $437,000/room, for the 337-room JW Marriott San Francisco Union Square. The hotel, at 515 Mason St. in San Francisco, sits on ground that's leased through 2083 and...

SL Green Realty Corp. has funded a $50 million mezzanine loan against 605 West 42nd St., a 1,174-unit apartment project in Manhattan that's being developed by the Moinian Group. The mezzanine loan is subordinate to $539 million of...

  Commercial Real Estate Direct Staff Report The word on the Street is that the benchmark classes of the latest CMBS conduit deals - the first in nearly three weeks - are being shopped at spreads of 84-86...

The FDIC is offering $90 million of performing and nonperforming loans and loan participations through First Financial Network Inc. The bank regulator culled the assets from a number of failed banks. First Financial will take offers for the...

Commercial Real Estate Direct Staff Report Levcor, the Houston shopping-center developer that bought the Marq*E Entertainment Center in that city, paid $79.6 million, or $231.50/sf, for the 15-year-old property. Levcor, which is led by Herbert L. Levine, teamed...

Commercial Real Estate Direct Staff Report Deutsche Bank is including a $120 million piece of the $300 million mortgage it provided against the 790-room Loews Miami Beach Hotel in a $1.4 billion conduit transaction that was launched in...

William T. Camp, chief financial officer of Washington REIT, is stepping down to pursue other opportunities. Camp, who joined the Rockville, Md., REIT in 2008 from what then was Wachovia Securities, where he was assistant director of equities,...

Commercial Real Estate Direct Staff Report The volume of CMBS loans that are more than 30-days late with their payments increased in August by some $400 million to $32.5 billion, marking the first increase in delinquency in 15...

Commercial Real Estate Direct Staff Report The $180 million sale of the Solana mixed-use complex in Dallas to Blackstone Group will result in a principal loss of about $240 million, or roughly 66 percent to the $360 million...

DiamondRock Hospitality Co. has paid $127.2 million, or roughly $451,064/room, for the 282-room Hilton Garden Inn Times Square Central hotel in Manhattan. The Bethesda, Md., REIT acquired the property, at 136 West 42nd St., from its developers, a...

Nationwide Life Insurance Co. has provided $70 million of mortgage financing against the Curling Club Apartments, with 240 units in Hoboken, N.J. The fixed-rate loan was arranged by HFF, which previously had arranged the property's sale to JPMorgan...

Federal Capital Partners has acquired a 95 percent stake in a portfolio of six apartment properties with 2,044 units in the Maryland and Virginia suburbs of Washington, D.C. The Chevy Chase, Md., company acquired the stake from Rockwood...

Commercial Real Estate Direct Staff Report DiamondRock Hospitality Co. has paid $47.5 million, or $448,000/room for the Inn at Key West, a 106-room boutique-hotel resort in Key West, Fla. The Bethesda, Md., company bought the property, at 3420...