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 3, 2002 4 apartment communities in Ga. sold for $43.5MlnATLANTA – Cushman & Wakefield's apartment group has arranged the sale of four apartment communities. Developer W. Greg Howington has sold the 200-unit St. Clair apartment property in...

April 3, 2002 NEW YORK –Moody's Investors Service has downgraded three classes of Salomon Brothers Mortgage Securities VII, 2001-CDC, because of the collateral pool's "poor performance."The rating agency downgraded the deal's $5.7 million class E-GF to Ba1 from...

April 3, 2002 COLUMBUS, Ohio – Red Mortgage Capital Inc. has provided a $10.5 million bridge loan for a Sacramento, Calif., apartment complex.The loan refinances an existing second mortgage that was maturing.The collateral property is River Pointe Apartments,...

April 3, 2002 BERNARDS TOWNSHIP, N.J. – Pharmacia has agreed to pay $215 million for AT&T's landmark headquarters in the Basking Ridge section of the township.AT&T and Pharmacia, the world's eighth-largest drug maker, were completing a contract that...

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...

April 3, 2002 CHICAGO – Fitch has upgraded J.P. Morgan Commercial Mortgage Finance Corp.'s 1995-C1 because of loan prepayments and pay down.The upgrades are as follows: the $12.1 million class C to triple-A from double-A-minus; the $6.9 million...

April 3, 2002 Commercial Real Estate Direct Staff ReportHotels continued to improve their performance and might no longer be in as dire straits as they had been.Revenue per available room for the industry fell 5.3 percent in March,...

April 3, 2002 Commercial Real Estate Direct Staff ReportOxford Properties Group has sold its majority interest in One Financial Plaza, a 340,000-square-foot office building at 1350 Main St. in Springfield, Mass.Affiliates of Merchant Equity Group and the Penner...