UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) November 9, 2006

                    Morgan Stanley Capital I Trust 2006-HQ10
                         (Exact name of issuing entity)

                          Morgan Stanley Capital I Inc.
            (Exact name of the depositor as specified in its charter)

                      Morgan Stanley Mortgage Capital Inc.,
             (Exact name of sponsors as specified in their charters)

                                                                54-2169477
                                                                54-2169478
                                                                54-2169479
                                                                54-2169480
           Delaware                      333-130684             54-6658774
(State or other jurisdiction      (Commission File Number    (IRS Employer
of incorporation of depositor)    of issuing entity)         Identification
                                                            No. of depositor)

    1585 Broadway, 2nd Floor New York, New York                10036
(Address of principal executive offices of depositor) (Zip Code of depositor)

Depositor's telephone number, including area code (212) 761 - 4000

                                 Not Applicable
         (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[_]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[_]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

[_]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[_]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))



Item 8.01.  Other Events.

     On November 9, 2006, Morgan Stanley Capital I Inc. (the "Depositor") caused
the issuance, pursuant to a Pooling and Servicing Agreement, dated as of
November 1, 2006 (the "Pooling and Servicing Agreement"), among the Depositor,
Wells Fargo Bank, National Association, as master servicer, LNR Partners, Inc.,
as special servicer, LaSalle Bank National Association, as trustee and custodian
and Wells Fargo Bank, Bank National Association, as paying agent, certificate
registrar and authenticating agent of Morgan Stanley Capital I Trust 2006-HQ10,
Commercial Mortgage Pass-Through Certificates, Series 2006-HQ10 (the
"Certificates"). The Class A-1, Class A-1A, Class A-2, Class A-3, Class A-4,
Class A-4FL, Class A-MFL, Class A-J, Class B, Class C and Class D Certificates,
having an aggregate initial principal amount of $1,382,912,000 were sold to
Morgan Stanley & Co. Incorporated, Merrill Lynch, Pierce, Fenner & Smith
Incorporated and Greenwich Capital Markets, Inc. (collectively, the
"Underwriters"), pursuant to an Underwriting Agreement, dated as of November 1,
2006, by and among the Company and the Underwriters.

     On November 9, 2006, the Class E, Class F, Class G, Class H, Class J, Class
K, Class L, Class M, Class N, Class O, Class P, Class Q, Class X-1 and Class X-2
Certificates (collectively, the "Privately Purchased Certificates") were sold to
Morgan Stanley & Co. Incorporated (the "Initial Purchaser"), pursuant to a
Certificate Purchase Agreement, dated as of November 1, 2006, by and between the
Depositor and the Initial Purchaser. On November 9, 2006, the Class R-I, Class
R-II and Class R-III (collectively, the "Privately Placed Certificates" and
together with the Purchased Certificates, the "Private Certificates") were sold
to Morgan Stanley & Co. Incorporated. The Private Certificates were sold or
privately placed, as applicable, in a transaction exempt from registration under
the Securities Act of 1933, as amended, pursuant to Section 4(2) of the Act. The
net proceeds of the sale and placement, as applicable, of the Private
Certificates were applied to the purchase of the mortgage loans by the Depositor
from Morgan Stanley Mortgage Capital Inc.

     In connection with the issuance and sale to the Underwriters of the
Certificates, a legal opinion was rendered related to the validity of the
Certificates, and a separate legal opinion was rendered related to certain
federal income tax considerations relating to the Certificates, which legal
opinions are attached as exhibits to this report.



Item 9.01.  Financial Statements, Pro Forma Financial Information and Exhibits.

(c)   Exhibits

Exhibit 5   Legality Opinion of Latham & Watkins LLP, dated as of
            November 9, 2006.

Exhibit 8   Tax Opinion of Latham & Watkins LLP, dated as of
            November 9, 2006.

Exhibit 23  Consent of Latham & Watkins LLP (included as part of
            Exhibit 5).



     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.

Date: November 9, 2006                  MORGAN STANLEY CAPITAL I INC.


                                        By: /s/ Anthony J. Sfarra
                                            ------------------------------------
                                        Name: Anthony J. Sfarra
                                        Title: Vice President



                                INDEX TO EXHIBITS

Item 601(a) of
Regulation S-K                                 Paper (P) or
Exhibit No.      Description                   Electronic(E)
--------------   ---------------------------   -------------

5                Legality Opinion of                 (E)
                 Latham & Watkins LLP, dated
                 as of November 9, 2006.

8.1              Tax Opinion of Latham               (E)
                 & Watkins LLP, dated as of
                 November 9, 2006.

23.1             Consent of Latham                   (E)
                 & Watkins LLP(included as
                 part of Exhibit 5).