GSMS 2006-GG8: 2 maturing loans constituting 8% go plop plop fizz fizz

Transaction: GSMS 2006-GG8
Property: Algonquin Center
City/State: Algonquin, IL
Property Type: Retail
Balance: $28,600,000
Percentage of Deal: 5.03%
Maturity Date: October 6, 2016
MS: Wells Fargo
SS: C-III Asset Management, LLC
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 07/06/16
Previously in Special Servicing: No
Previously Modified: No

Transaction: GSMS 2006-GG8
Property: Gateway Mall
City/State: Machesney Park, IL
Property Type: Retail
Balance: $20,750,000
Percentage of Deal: 2.86%
Maturity Date: October 6, 2016
MS: Wells Fargo
SS: C-III Asset Management, LLC
Reason for Transfer: Maturity Default
On Servicer Watchlist Prior to Transfer: Yes, 07/06/16
Previously in Special Servicing: No 
Previously Modified: No