Commercial Real Estate Direct Staff Report Glimcher Realty Trust is making a last-ditch effort to sell its Eastland Mall in Columbus, Ohio. The 999,049-square-foot mall serves as collateral for a $40.1 million loan that is securitized through LB-UBS...

Commercial Real Estate Direct Staff Report A venture of Multi-Employer Property Trust and Pine Street Group is offering for sale a high-end shopping center with 335,000 square feet in downtown Seattle. Eastdil Secured has the listing for Pacific...

Harbor Group International has paid $62 million, or roughly $141,230/unit, for Pheasant Hollow, a 439-unit apartment property in central New Jersey. The Norfolk, Va., investment manager purchased the Plainsboro, N.J., property from a venture of Angelo, Gordon &...

Commercial Real Estate Direct Staff Report First Financial Network has launched marketing for its latest quarterly loan offering, involving 75 loans with a balance of $48 million that are being offered on behalf of three sellers. It's also...

A venture of Silverstone Property Group and Westwood Realty Associates has sold the Grayson, a 128-unit apartment building in Manhattan's Kips Bay neighborhood, for $99.75 million, or roughly $779,297/unit. The 17-story building, at 247 East 28th St., was...

  CIT Bank has provided $42.8 million of financing against a portfolio of eight office properties with 687,000 square feet in the Greenville, S.C., area.   The properties are owned by Garrison Investment Group, which recently purchased them...

Bank of America has provided an $18.85 million loan against Reserve at Eagle Ridge, a 370-unit apartment property in Waukegan, Ill. The loan has a 4.67 percent fixed rate and matures in March 2024. The collateral property, at...

CBRE and Cushman & Wakefield jointly represented AT&T Inc. in the sale of the 1.8 million-square-foot office property in the San Francisco suburb of San Ramon, Calif. As reported, the telecommunications company sold the property, at 2600 Camino...

AvalonBay Communities Inc. has sold Avalon Valley, a 268-unit apartment property in Danbury, Conn., for $53.3 million, or nearly $199,000/unit. The 16-year-old property, at 53 Sand Pit Road, was sold to a Connecticut investor group, Ergs Konover/Outlook Holdings...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Moody's Rating Kroll Rating MStar Pricing % Final Pricing (bp) Bnch mark A-1 45.92 30.00 2.65 Aaa AAA AAA 100.00 +56 swaps A-2 301.41 30.00 4.87 Aaa AAA AAA...

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...

The Hyatt Regency Bethesda, a 390-room property in suburban Washington, D.C., that was taken through a 2012 foreclosure by the CMBS trust that held a $140 million loan against it, was appraised last November at a value of...

Commercial Real Estate Direct Staff Report AvalonBay Communities Inc. is offering for sale Oakwood Philadelphia, an 80-unit apartment building in the city's downtown area. The Arlington, Va., REIT has hired Jones Lang LaSalle to market the property, at...

  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 Wachovia...

Meridian Capital Group arranged the $160 million of financing that Natixis Real Estate Capital provided against 1760 Third Ave., a 498-unit student-housing property in Manhattan. The five-year loan requires only interest payments for its full term. As reported,...

Wells Fargo Bank has provided $35 million of mortgage financing against 777 Mariners Island Blvd., a 187,435-square-foot office building in the San Francisco suburb of San Mateo, Calif. The five-year loan has a floating rate and was arranged...

Commercial Real Estate Direct Staff Report Citigroup and Bank of America have provided $450 million of financing against the Delano South Beach hotel in South Miami Beach and Hudson Hotel in Manhattan, which together have 1,028 rooms. 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 JPMorgan...

Commercial Real Estate Direct Staff Report The A-3 bond class from GS Mortgage Securities Corp. II, 2007-GG10, which last month had a balance of $242.3 million, has been paid off with $300.6 million of proceeds generated from the...

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 Credit Suisse...

Jones Lang LaSalle Income Property Trust has paid $38 million, or about $118/sf, for the South Seattle Distribution Center, a 323,000-square-foot industrial property in Seattle. The three-building facility is fully leased to three tenants, including the City 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 JPMorgan...

Commercial Real Estate Direct Staff Report Commercial property prices increased 4.4 percent during the fourth quarter and by 16.3 percent for all of last year, according to the Moody's/RCA Commercial Property Price Indices. That's up from gains of...

Griffin Capital Essential Asset REIT Inc. has paid $149 million for an industrial facility in Joliet, Ill., and an office building in Westminster, Colo. The El Segundo, Calif., REIT, whose shares do not trade on any exchange, paid...

Investor Mark Sonnino has paid $27 million, or roughly $661/sf, for a 40,856-square-foot office building in Manhattan's West Chelsea section. Sonnino was a co-founder of the former Satellite Asset Management, a hedge fund that had $7 billion of...