City: Washington

December 19, 2001 PHILADELPHIA – David E. Bloom has joined Resource America Inc. (Nasdaq:REXI) as senior vice president and president of the company's real estate subsidiary, Resource Properties Inc.Bloom will manage an existing portfolio of restructured commercial loans with an ...

December 19, 2001NEW YORK – Fitch has upgraded two classes of First Boston Mortgage Securities Corp. 1993-M1 because of improved credit support levels resulting from amortization and substantially increased rental revenue at collateral properties.The $2.2 million class 1-B was upgraded ...

December 17, 2001 WASHINGTON, D.C. – American Realty Advisors has paid $34.5 million, or $189/sf, for 810 First St. on behalf of a pension fund client.The 181,740-square-foot property is 100 percent occupied, and was purchased from W9/LWS Real Estate LP.The ...

December 13, 2001 ALEXANDRIA, Va. – AvalonBay Communities (NYSE:AVB) has begun construction on two luxury apartment communities totaling $95.9 million.Avalon at Rock Spring, in North Bethesda, Md., will have 386 units in six four-story buildings. The cost to complete the ...

December 13, 2001 WASHINGTON – GLL Real Estate Partners has purchased a 65 percent interest in 1201 F St. on behalf of Hannover Reinsurance for an undisclosed sum from an entity advised by JPMorgan Fleming.CarrAmerica Realty Corp. (NYSE:CRE) still owns ...

Rreef bought 1900 M St. N.W. from the New York Common Fund. The $250/sf price suggests a cap rate of 10.6 percent for the acquisition of the property, which occupies a prominent corner in the city's central business district.

December 6, 2001 Commercial Real Estate Direct Staff ReportNewman & Associates has provided $9 million of floating-rate financing for 901 Seventh S., a 50,000-square-foot former warehouse in Washington, D.C., that is being converted into an office building.The financing allowed developer ...

The $1.2 billion LB-UBS deal priced in line with expectations, and with a more spread-out triple-A structure. Next up for Lehman is a $731.5 million floating-rate offering backed by 51 loans.