May 10, 2002 NEW YORK – Prime Property Fund, an investment fund managed by Lend Lease Real Estate Investments, has floated $150 million of senior notes.The notes were priced at 185 basis points over five-year Treasurys and carry...

May 10, 2002 EVANSVILLE, Ind. – The 208-unit Cross Lakes Apartments has been purchased for $13 million, or $62,615/unit.Marcus & Millichap brokered the sale of the complex, which was built in October 2001. A St. Louis investment group...

May 10, 2002 Class Amt ($mln) Sub. Rate (%) Rating Moody's Rating S&P Avg. Life Price Talk Priced Bench mark A-1 63.2 22.5 Aaa AAA 2.5 +34 area +32 Swaps A-2 172.1 22.5 Aaa AAA 5.75 +42 area...

May 10, 2002 PASADENA, Calif. – SSR Realty Advisors Inc. has bought Arpeggio, a newly developed downtown multifamily property, for $25.3 million, or about $187,407/unit.SSR bought the 135-unit, Class-A property from SNK Peabody Pasadena LLC on behalf of...

May 10, 2002 WASHINGTON – District Associates 2121 LLC has sold a 99,008-square-foot office building for $14.4 million, or $145/sf.An entity sponsored by Carr Capital Corp., known as 2121 Wisconsin LLC, purchased the property – also known as...

May 10, 2002 NEW YORK – Trepp LLC has struck a deal that gives its subscribers ready access to real estate research reports from Property and Portfolio Research.In addition, Trepp has further enhanced its CMBS analytical system by...

May 10, 2002 Commercial Real Estate Direct Staff ReportL.J. Melody & Co. has provided $228.2 million of financing through a Freddie Mac program for a large apartment portfolio owned by a group of German investment funds.The financing package...

May 10, 2002 Commercial Real Estate Direct Staff ReportSAN FRANCISCO – Bridger Commercial Funding, a mortgage bank that helps community banks tap the CMBS market, expects to originate a total of up to $400 million of conduit mortgages...

May 10, 2002 Commercial Real Estate Direct Staff ReportInnkeepers USA Trust's (NYSE:KPA) saw a 40 percent drop in first quarter funds from operations and blamed the weak results on the sluggish economy and the decline in business travel.FFO...

May 10, 2002 Panattoni buys Bridgestone buildingAtlanta Journal-ConstitutionLAWRENCEVILLE, Ga. – Panattoni Development Co. has acquired the Bridgestone building at 1335 Old Norcross Road. The industrial development firm paid $8.3 million for the 12-year-old, 413,273-square-foot building on roughly 20...

May 10, 2002 DENVER – AmeriVest Properties (NYSE:AMV) plans to raise about $21.8 million from the sale of 3.6 million common shares at $6.05/share.The transaction is expected to close May 15.Ferris, Baker Watts is acting as sole book-runner....

May 9, 2002 LONDON – Hines is launching its first London office development project, a 120,000-square-foot redevelopment of The Salvation Army's international headquarters. Hines is taking a long leasehold interest in two thirds of the site at 99-101...

May 9, 2002 CANOGA PARK, Calif. – Marcus & Millichap has been retained to market for sale a 135-unit garden apartment complex valued at $11.3 million, or $83,519/unit.The property – constructed in 1964 and consisting of three buildings...

May 9, 2002 Units to be converted to condosAtlanta Journal-ConstitutionATLANTA – An investment group that includes an entity led by Julian LeCraw & Co. has acquired Oakwood Lenox Villa apartments for $16.1 million. The group plans to convert...

May 9, 2002 Commercial Real Estate Direct Staff ReportBerkshire Mortgage Finance has provided $41 million of financing under Fannie Mae's Delegated Underwriting and Servicing program for a recently purchased apartment complex in Southern California.The financing, which carries a...

May 9, 2002 HOUSTON – Trizec Properties Inc. (NYSE:TRZ) has leased 116,000 square feet at the Allen Center, a 3.2 million-sf office complex it owns.The two leases alleviate some of the vacancies at the complex that resulted from...

May 9, 2002 Morgan Stanley Dean Witter will still provide a large mortgage to Jamestown, which has increased its original bid to $745.5 million for 1290 Avenue of the Americas in midtown Manhattan, according to sources.Earlier this year,...

May 9, 2002 S&P stalls on REITs over liability concernsFinancial Post, May 3 TORONTO – REITs still won't be part of the S&P/TSX composite index despite a new set of rules for inclusion that begin to take effect...

May 9, 2002 CHICAGO – Urban Retail Properties Co. has named R. Webber Hudson as president of leasing.Hudson will oversee the leasing and marketing of the company's portfolio of more than 41 million square feet of retail space.Hudson...

May 9, 2002 Class Amount Sub. Rate Rating S&P Rating Moody's Avg. Life Price talk Benchmark A1 59.1 22.75 AAA Aaa 2.75 +32 area Swaps A2 135.5 22.75 AAA Aaa 5.5 +42 area Swaps A3 135.2 22.75 AAA...

May 9, 2002 SYDNEY, Australia – Deutsche Office Trust (ASX: DOT) has agreed to acquire the future headquarters of Lend Lease Group (ASX:LLC) on downtown Sydney's north western waterfront.The A$112 million (US$60.8 million) deal allows Lend Lease to...

May 9, 2002 FORT MYERS, Fla. – Related Capital Co. has provided $20 million of equity and debt to The Carlisle Group for the Oaks at Omni affordable-housing complex that it is developing at 10101 Immokalee Road.Related provided...

May 8, 2002 Cushman & Wakefield has hired Patrick Sullivan as a senior director in its Chicago financial services group.Sullivan joins C&W from Grubb & Ellis Co., where he was a senior vice president specializing in industrial investment...

May 8, 2002 CALGARY, Alberta – TGS Properties Ltd. has hired Arthur G. Lloyd as executive vice president of acquisitions and dispositions.Lloyd is the former senior vice president of acquisitions and asset sales for TrizecHahn Office Properties Ltd.,...

May 8, 2002 The Dutch Shell Pension Fund Foundation is once again shopping for a buyer for 450 Lexington Ave., a 905,000-square-foot office building in midtown Manhattan.According to a report in the New York Post, Eastdil Realty, which...