April 5, 2002 Lone Star Partners has raised $4.2 billion of investor commitments for Lone Star Fund IV, the latest in its series of opportunistic investment funds.Lone Star, which is run by financier John Grayken, has already lined...

April 4, 2002 Class Amount Sub. Rate Rating Fitch Rating Moody's Avg. Life Price talk Benchmark A1 77.6 20 AAA Aaa 3 +39 area Swaps A2 158 20 AAA Aaa 7.05 +43 area Swaps A-3 595.2 20 AAA...

April 4, 2002 Class Amount ($mln) Avg. Life Rating S&P Price Talk (bp) Priced Benchmark A-1 325.8 1.59 AAA +34-36 +35 Libor A-2 139.6 2.64 AAA +44-46 +44 Libor B 46.5 2.18 AA +75 +75 Libor C 43.8...

April 4, 2002 SUNLAND, Calif. – Lehman Brothers has provided roughly $10.7 million of fixed-rate financing for the Sunhill Shopping Center.The mortgage has a 30-year amortization schedule with an interest rate of 7.34 percent.The 150,961-square-foot property, which is...

April 4, 2002 Commercial Real Estate Direct Staff ReportUSAA Real Estate has paid more than $75 million for a 2.5 million-square-foot portfolio of Class-A bulk distribution buildings in Memphis, Tenn.The six fully leased buildings were sold by a...

April 4, 2002 A unit of R.P. Carbone Co., an old-line developer, is looking to raise $21 million of renovation and construction financing for the redevelopment of the Audubon Building in New Orleans' French Quarter into a high-end...

April 4, 2002TROY, Mich. – Kmart Corp. (NYSE:KM) is hiring DJM Asset Management LLC and ChainLinks Retail Advisors Inc. to assist in the disposition of leases for 283 Kmart locations it is closing.The deal is subject to approval...

April 4, 2002 MCLEAN, Va. – Capital Automotive REIT has raised a $60 million unsecured credit facility from a group of lenders led by Comerica Bank.The three-year revolving facility carries a rate pegged to Libor plus 200 basis...

April 4, 2002 IRVING, Texas – FelCor Lodging Trust Inc. (NYSE:FCH) plans to issue about $25 million of its 9 percent series B cumulative redeemable preferred stock.The Cohen & Steers Quality Income Realty Fund and two FelCor board...

April 4, 2002 Plazacorp Retail may switch to REITThe Financial Post TORONTO – Strip mall owner Plazacorp Retail Properties Ltd. would like to convert to REIT status to see its stock rise. The company's shares (CDNX:PLZ) closed at...

April 4, 2002 NEW YORK – Standard & Poor's has assigned its double-B-minus corporate credit rating to Ventas Inc. and its operating partnership Ventas Realty LP. The outlook is stable.The ratings reflect the REIT's portfolio of health care...

April 4, 2002 Fitch Ratings, which yesterday put Banc of America Large Loan Inc., 2001-7WTC, on its rating watch negative list, expects a replacement to 7 World Trade Center to be as much as 25 percent smaller than...

April 4, 2002 AEW, Wood Partners to develop apartments near AtlantaATLANTA – On behalf of an institutional client, AEW has entered into a joint venture with Wood Partners to develop Alta West, a 265-unit loft-style apartment community near...

April 4, 2002 NEW YORK – Nortel Networks Lease Pass-Through Trust, 2001-1, has been downgraded yet again and now carries a below investment-grade rating.Moody's Investors Service has downgraded the lease-backed notes to Ba3 from Baa3 following its downgrade...

April 4, 2002 PARSIPPANY, N.J. – Lincoln Property Co. and a state pension fund will join forces to buy industrial properties in New Jersey and throughout the nation.Lincoln will buy distribution, R&D and flex properties from $3 million...

April 4, 2002 PITTSBURGH – Interstate Hotels Corp. (Nasdaq:IHCO) is evaluating the Shaner Hotel Group LP's most recent tender offer.Shaner yesterday offered to acquire nearly 2.5 million shares of Interstate's Class A common stock for $3/share in cash....

April 4, 2002 Commercial Real Estate Direct Staff ReportENGLEWOOD, Colo. – Regal Entertainment Group, which recently emerged from Chapter 11 bankruptcy , has filed to raise $345 million in an initial public offering.The company plans to use a...

April 4, 2002 BEAVERTON, Ore. – Deutsche Banc has provided $31 million in permanent, fixed-rate financing to Gramor Development for its Murray Scholls Town Center.The 10-year loan, which amortizes over 30 years, was used to refinance construction debt...

April 3, 2002 TGS sells office building in SaskatchewanREGINA, Saskatchewan – TGS Properties Ltd. (TSE:TGP) has sold First Canadian Place, a 61,000-square-foot office building, as part of its plan to sell all of its buildings less than 100,000...

April 3, 2002 NEW YORK – Standard & Poor's has lowered its corporate credit rating on National Office Partners LP because of a revised leverage policy and its expected negative impact on very strong debt coverage measures.S&P is...

April 3, 2002 WILLIAMSPORT, Pa. – Cedar Income Fund has agreed to purchase the Loyal Plaza shopping center for about $18.3 million.The company will assume about $13.9 million of debt on the property.Loyal Plaza is anchored by a...

April 3, 2002 NEW YORK – Related Capital Co. has provided $25 million of capital to Carlisle Group, a Florida developer, for the construction of Lenox Court, a Jacksonville, Fla., apartment complex.Related is providing $12.1 million of equity...

April 3, 2002 NEW YORK – Ray & Berndtson, a global executive search firm, has agreed to buy Rhodes Associates, a search firm that specializes in the real estate and financial services sectors.When the purchase is completed, 20...

April 3, 2002 ClassAmountAvg. LifePricedBenchmark A123.993.5+30Swaps B105.997.5+50Swaps C154.2711.16+55Swaps Z42.78.47NANA IO384.27.68NANA

Correction (April 4, 2002): Fitch Ratings, which yesterday put Banc of America Large Loan Inc., 2001-7WTC, on its rating watch negative list, expects a replacement to 7 World Trade Center to be as much as 25 percent smaller...