April 17, 2002 UBS Warburg has sold the last hotel in a six-property portfolio it put on the market through Jones Lang LaSalle Hotels.Not On Cannery Row LLC, a consortium of San Francisco based investors, paid about $15.8...

April 17, 2002 WICHITA, Kan. – Candlewood Hotel Co. (Nasdaq:CNDL) has received a $55 million mortgage from GMAC Commercial Mortgage. The loan, which allowed the hotel company to refinance its remaining short-term debt, carries a three-year term with...

April 16, 2002 Solectron Corp. (NYSE:SLR) may have to pay $122 million to buy nine manufacturing properties it now occupies under synthetic leases, if it can not refinance the lease agreements by that date.The company disclosed the information...

April 16, 2002 Triad Launches Gwinnett projectAtlanta Journal-ConstitutionGWINNETT COUNTY, Ga. - Triad Properties has purchased 130 acres at the Gwinnet Progress Center near the Gwinnett County Airport-Briscoe Field. The firm plans a $55 million project with more than...

April 16, 2002 LAS VEGAS – Whistler Investment Inc. (OTC BB:WISV) has agreed to buy the Azra Shopping Center in an $8.3 million deal.A private Nevada company owns the 31,187-square-foot property, which is on East Washington Avenue. The...

April 16, 2002 NEW YORK – Prime Hospitality Corp. (NYSE:

April 16, 2002 Fortis Properties buys Kings Place in New BrunswickFREDERICTON, New Brunswick – Fortis Properties Corp. has paid C$27.7 million (US$17.5 million) for Kings Place, a two-tower office and retail complex in downtown Fredericton. The 289,437 square-foot...

April 16, 2002 GREENWICH, Conn. – Fixed income investment bank Greenwich Capital Markets has hired Wayne M. Brandt as managing director and head of the firm's West Coast Real Estate Finance Group. Brandt will be charged with developing...

April 16, 2002 ARLINGTON, Va. – TA Associates Realty recently sold Park Place, a 13-story office building at 1655 N. Fort Myer in the Rosslyn/Ballston Corridor.A joint venture of Lerner Enterprises and Walton Street Capital paid $33.4 million...

April 15, 2002NEW YORK – W.P. Carey & Co. (NYSE: WPC) has paid $15 million for three warehouses owned and occupied by Heafner Tire Group, a wholesaler of replacement tires.Heafner, which is owned by Charlesbank Capital Partners, a...

April 15, 2002 Firm plans $800Mln mixed-use developmentAtlanta Journal-ConstitutionATLANTA - Technology Park/Atlanta Inc. has proposed an $800 million, 1,530-acre mixed-use development east of downtown dubbed Stanton Springs. It will be sprawled over Newton, Morgan and Walton counties, and...

April 15, 2002 GREENWICH, Conn. – Federal Realty Investment Trust (NYSE:FRT) has sold a main street retail property at 252-264 Greenwich Ave. for $16.5 million.The price of the 23,000-square-foot property represents a capitalization rate, or initial yield, of...

April 15, 2002 LOUISVILLE, Ky. – Ventas Inc. (NYSE:VTR) has priced a $175 million offering of 8.75 percent senior notes due 2009 and $225 million of 9 percent senior notes due 2012.The sale of the notes is expected...

April 15, 2002 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has named Jack A. Shaffer to its board of trustees. Shaffer, who had been with Sonnenblick-Goldman Co. for 30 years, most recently as managing director, is chairman...

April 15, 2002 HOUSTON – Weingarten Realty Investors' (NYSE:WRI) 3-for-2 stock split will take effect at the close of business today, April 15.Shares of the company will begin trading at a split-adjusted price when the market opens on...

April 15, 2002 Apollo Rida, a Poland-based joint venture of U.S. developer Rida Development Corp. and Apollo Real Estate Fund III, is one of four potential buyers for the Warsaw Trade Tower.BRE Bank is selling the 42-story office...

April 15, 2002 NEW YORK - Fitch has downgraded three classes in COMM 2000-FL2's because of the continued decline in performance of the properties of the Whitehall loan and the bleak outlook for the Atlanta suburban multifamily market.The...

April 13, 2002 COLUMBUS, Ohio – Glimcher Realty Trust (NYSE: GRT) has agreed to sell 44 single-tenant and community center properties to a group of investors for $300 million.The properties are scattered throughout the Midwest and Southwest and...

April 12, 2002 CHICAGO – Fitch has downgraded three classes of Merrill Lynch Mortgage Investors, 1999-C1, primarily due to additional expected losses and an increasing amount of interest shortfalls.The downgrades are as follows: the $3 million class J...

April 12, 2002 NEWTON, Mass. – Hospitality Properties Trust (NYSE:HPT) has purchased 21 Candlewood Suites hotels for $145 million.HPT funded the acquisition using cash on hand and borrowings under its recently renewed revolving bank credit facility.Candlewood will lease...

April 12, 2002 Construction set for Atlanta apartmentsThe Atlanta Journal-ConstitutionATLANTA – Now that work on Atlanta's 17th Street bridge is under way, developers say they will begin construction in July to build the first apartments at Atlantic Station....

April 12, 2002 CHICAGO – Prime Group Realty Trust (NYSE:PGE) has decided to suspend quarterly distributions on its series A and B cumulative preferred shares for the first quarter.The shares will be suspended until certain capital transactions are...

April 12, 2002NEW YORK – Two Manhattan office properties – Metropolitan Tower and 150 Fifth Ave. – have just been recapitalized with a new ownership structure.A partnership between Investcorp and L&L Acquisitions LLC, a local owner/operator of Manhattan...

April 12, 2002 CHICAGO – Prime Group Realty Trust (NYSE:PGE) has decided to reduce its corporate management and certain support staff by about 13 percent, effective immediately.The decision is due to the company's business plan to concentrate on...

April 12, 2002NEWPORT BEACH, Calif. – A venture between Nationwide Health Properties Inc. (NYSE:NHP) and JER Partners has purchased a portfolio of 39 assisted-living facilities for $91 million.The portfolio contains 43 buildings with 1,407 units scattered among 10...