April 26, 2002 LOMA LINDA, Calif. – RK Properties has purchased a 166-unit apartment complex from Village Investment for $12.3 million.The Sierra Vista apartments, at 10558 Mountain View Ave., were constructed in 1985 and comprise 146,220-square-feet on four...

April 26, 2002 PORTLAND, Ore. – Marcus & Millicahp has been retained to market for sale the $14.5 million Jantzen Park office complex.The Class-B property at 541 N.E. 20th Ave. is comprises of three buildings totaling 115,436 square...

April 26, 2002 Commercial Real Estate Direct Staff ReportOne Liberty Properties (Amex:OLP) plans to raise roughly $41.3 million from the sale of 2.5 million shares of common stock at $16.51/share. Of the 2.5 million shares, 125,000 shares is...

April 26, 2002 PHILADELPHIA – RAIT Investment Trust (NYSE:RAS) plans to raise $20.5 million from the sale of 1 million shares of common stock at $20.5/share.Proceeds of roughly $19.6 million will be used to originate and acquire loans...

April 26, 2002 LOS ANGELES – Westfield America has completed its purchase of nine regional shopping centers from the Richard E. Jacobs Group.The transaction is valued at $756 million: $41 million in cash; $210 million in equity; and...

April 26, 2002 GREAT NECK, N.Y. – Meadowcraft, the outdoor furniture maker, has retained Keen Realty and CB Richard Ellis to market two industrial sites for sale.The properties being sold are a 610,412-square-foot industrial facility on 67 acres...

April 26, 2002 NEW YORK – Banc of America Securities has hired David S. Fallick as managing director of its CMBS group, focusing on large loan origination.Prior to joining, he was managing director and co-head of the CMBS...

April 26, 2002 NEW YORK – Standard & Poor's has raised its ratings on three classes of Asset Securitization Corp.'s 1995-D1 and lowered two classes.The raised ratings are class A-2 to triple-A from double-A-plus; class A-3 to double-A...

April 25, 2002 Commercial Real Estate DirectThe Financial Accounting Standards Board is due to issue its exposure draft soon regarding FAS 94, the "Consolidation of all Majority-owned Subsidiaries."The rules have to do with identifying and accounting for special...

April 25, 2002 ITASCA, Ill. – Midas Inc. (NYSE:MDS) is selling 25 percent of its real estate portfolio as a way to pay down some of its $150 million of debt.The automotive service provider has agreed to sell...

April 25, 2002 METHEUN, Mass. – A pension fund advised by Lend Lease Real Estate Investments Inc. has bought The Loop, a grocery-anchored power retail center in this suburb 27 miles north of Boston.Terms were not disclosed.The 338,034-square-foot...

April 25, 2002 Class Amount Sub. Rate Rating S&P Rating Moody's Avg. Life Price talk Benchmark A-1 45.7 18.5 AAA Aaa 2.5 +34 area Swaps A-2 130.2 18.5 AAA Aaa 7.5 +43-44 Swaps A-3 572.4 18.5 AAA Aaa...

April 25, 2002 LONDON – Prudential Property Investment is looking to sell a mixed-use project site in London's prestigious Knightsbridge Green for 50 million pounds ($72.5 million).The firm has hired Jones Lang LaSalle and FPD Savills to market...

April 25, 2002 NEW YORK – NEW YORK – Arthur Andersen has backed out of a deal to be the anchor tenant in Boston Properties' Times Square building.Boston Properties executives confirmed to analysts that the Andersen deal had...

April 25, 2002 Trammell Crow leaving marketTennesseanNASHVILLE, Tenn. – Trammell Crow Co., once one of the largest commercial real estate brokerage firms in Nashville, has decided to take its name out of the market. ProVenture Commercial Real Estate...

April 25, 2002 Carlisle Capital Corp., a Boston investment firm, has paid $10.9 million for three flex/industrial buildings with 155,000 square feet in Wilmington, Mass.The properties, at 220, 230 and 240 Ballardvale Street, were purchased from Archon Group,...

April 25, 2002 CHATSWORTH, Calif. – Principal Capital has provided $21.8 million of fixed-rate financing for the purchase of a 348-unit multifamily project on Lurline Avenue.The five-year loan amortizes over 30 years.The loan was used by Sares-Regis Group...

April 25, 2002 National Economic Research Associates – the private, independent firm hired by Moody's Investors Service to research its structured finance ratings comparability – says it has finalized its plans for the study, due out later this...

April 25, 2002Commercial Real Estate Direct Staff ReportHeritage Property Trust plans to raise $450 million from the sale of 18 million common shares at $25/share in an initial public offering.The offering consists of 14 million shares held by...

April 25, 2002 Note: Price talk and date of final pricing not available. Class Amount Rating Moody's Rating S&P Rating Fitch Avg. Life Priced Benchmark A-1MM 161.9 P1 A1+ F1+ 0.5 +6 Libor A-2 72.8 Aaa AAA AAA...

April 25, 2002 Commercial Real Estate Direct Staff ReportArbor Commercial Mortgage has sold its 26 percent interest in the Vanguard Chelsea, a 300-unit luxury apartment building in Manhattan's Chelsea neighborhood.Arbor, a mortgage bank, sold its stake to an...

April 25, 2002 CANTON, Ga. – Inland Retail Real Estate Trust has purchased the 302,024-square-foot Riverstone Plaza shopping center for $32 million, or about $106/sf, from Bright-Sasser Canton LLC of Chattanooga, Tenn. The center, which has 49 tenants,...

April 25, 2002 Rockwood Capital Corp. has paid $85 million, or about $257/sf, for a two-building office complex in North Bethesda, Md.Rockwood bought the Executive Plaza Office Park from a partnership headed by Realty Capital Partners, which last...

April 24, 2002 ATLANTA – Sterling American Property III, an opportunistic investment fund managed by Sterling American Property Inc. and American Securities Capital Partners, has purchased Park Crossing Apartments in Gwinnett County, Ga.The 280-unit property was purchased for...

April 24, 2002 A venture between Essex Property Trust Inc. (NYSE:ESS) and AEW Capital Management has recovered $52 million, or $160,000/unit, from the sale of two Southern California apartment complexes.The two properties, Casa Mango, which has 96 units...