March 7, 2001 Capital Pacific Holdings Inc. has secured construction financing for the St. Regis Hotel Monarch Beach Resort in Dana Point, Calif.The Newport Beach, Calif., developer last summer hired Sonnenblick-Eichner of Los Angeles to help find financing...

March 7, 2001 Zethus Inc., the highly touted leasing site funded by Goldman Sachs, is apparently closing up shop.According to the Wall Street Journal, Goldman, which invested some $15 million in the site, would no longer fund the...

March 7, 2001 Class Amount ($mln) Sub. Rate Rating S&P Rating Moody's Priced* Benchmark A 254.1 36.1 AAA Aaa +26 Libor B 18.2 32.2 AA+ Aaa +36 Libor C 53.8 20.7 AA- Aa2 +55 Libor D 61.1 7.6...

March 6, 2001 OAK BROOK, Ill. – Great Lakes REIT (NYSE:GL) has paid $26 million for a 12-story, 252,000-square-foot office building in Rolling Meadows, Ill. The company anticipates that the $103/sf price paid for 1600 Corporate Center will...

March 6, 2001 Industry News: Aventura, Fla., apartment site sells for $20 Mln Daily Business ReviewAVENTURA, Fla. – WI Ultracorp of Florida bought an apartment site at 6000 Island Blvd. from Williams Island Associates Ltd. for $20 million....

March 6, 2001 Class Amount Rating Moody's Rating Fitch Avg. Life Price Talk (bp) Priced (bp) Benchmark A-1 106 Aaa AAA 4.6 +38-40 +39 Libor A-2 154 Aaa AAA 7.1 +43-45 +47 Libor A-3 518.8 Aaa AAA 9.7...

March 6, 2001 Summit REIT completes sale of Westmount PlaceTORONTO - Summit REIT completed the sale of Westmount Place for $17.1 million (US$11.1 million). The retail mall is located in Waterloo, Ontario. Summit will show a gain of...

PARSIPPANY, N.J. – Charles F. Lowrey, who most recently managed J.P. Morgan Chase's real estate investment banking business in the U.S. and Latin America, has been named to the newly created post of president and chief operating officer...

By Susanna Potter, Commercial Real Estate Direct Staff WriterNearly $19 billion of REIT unsecured debt is set to mature over the next five years, according to an analysis by Credit Suisse First Boston.While that would appear to be...

Reckson Associates Realty Corp.   4th-Qtr 00 4th-Qtr 99 12-mos 00 12-mos 99 FFO (Mln) $52.5 $45.5 $202.2 $161.7 FFO/shr (diluted) $0.67 $0.59 $2.59 $2.31 Net Income (Mln) $17.1 $16.2 $86.0 $60.3 Net/shr (diluted) $.28 $.29 $1.49 $1.19...

March 6, 2001 SAN FRANCISCO – Prudential Mortgage Capital Co. has originated a $32 million mortgage for ProLogis California I LLC.The loan funds a joint venture between ProLogis Trust and the New York Common Retirement Fund to develop...

March 6, 2001 DALLAS – Lone Star Fund III LP, a Dallas opportunistic investment fund, is buying 3.8 million shares of U.S. Restaurant Properties Inc. (NYSE:USV), giving it a 19.25 percent stake in the restaurant finance company. Lone...

March 5, 2001 NEW YORK – Equity Residential Properties Trust (NYSE:ERP) raised $300 million of senior unsecured notes through its operating partnership affiliate. The notes, which carry a 6.95 percent coupon and expire March 2, 2011, were given...

March 5, 2001 GreenPark Group LLC, a Seal Beach, Calif., investment firm that specializes in environmentally contaminated properties, is gearing up to raise $200 million of equity for its second investment fund, GreenPark Fund II.The firm has tapped...

March 5, 2001 NEW YORK – Fitch has assigned its triple-B-plus rating to Duke-Weeks Realty Corp.'s (NYSE:DRE) $175 million offering of 6.95 percent senior notes.The notes mature on March 15, 2011 and were issued by Duke-Week's operating partnership...

March 5, 2001 Class Amount ($mln) Rating Moody's Rating Fitch Avg. Life Price Talk (bp) Priced (bp) Benchmark A-1 64.9 Aaa AAA 5 +53 area +54 Swaps A-2 240.1 Aaa AAA 10 +65 area +65 Swaps B 50.0...

March 5, 2001 ATLANTA – Holliday Fenoglio Fowler LP has hired two executives at its Atlanta office and another at its Dallas operations.Bruce C. Fernald and Jonathan D. Rice have joined Holliday's Atlanta office. As senior managing director,...

March 5, 2001 LOS ANGELES – CB Richard Ellis has struck an agreement with PropertyFirst.com, making all its 1,500 brokers members of the online property marketplace.Under the agreement, CB Richard Ellis brokers will be able to create online...

March 5, 2001 ATLANTA – JDN Realty Corp. (NYSE:JDN) has elected Lee S. Wielansky, the current president and chief executive officer of JDN Development Co. Inc., to JDN Realty's board.Wielansky joined the REIT last November. He is responsible...

March 5, 2001 The owners of Manhattan's Chrysler Building have sold a 75 percent stake in the landmark trophy to TMW Real Estate for $300 million.According to the New York Times, the owners, Tishman Speyer Properties and Travelers...

March 5, 2001 $80 Mln complex proposed in Charlotte, N.C The Business Journal of CharlotteCHARLOTTE, N.C. - Highwoods Properties bought the 56-acre Collins & Aikman Corp. tract in the university area and is planning an $80 million office...

March 5, 2001 TORONTO – Brookfield Properties Corp. (NYSE:BPO)(TSE:BPO) has acquired a 25 percent interest in the mixed-use Hudson's Bay Centre from The Canapen Group of Companies, subsidiaries of the CN Pension Funds, for C$15.1 million (US$9.8 million),...

March 5, 2001 INDIANAPOLIS – Duke-Weeks Realty Corp. (NYSE:DRE) has received a $500 million credit facility from a group of banks led by Bank One, Wells Fargo, and PNC Bank.The facility, which replaces an existing $450 million credit...

March 2, 2001 Twin towers will add to midtown housingThe Atlanta Journal-ConstitutionATLANTA - An $80 million residential tower will arrive in midtown this spring. The two 21-story towers at Peachtree and Eight streets call for 498 apartments and...

March 2, 2001 H&R REIT closes equity financingTORONTO - H&R REIT's equity financing the company entered into with a syndicate of underwriters has closed. The syndicate, led by Merrill Lynch Canada Inc., bought a total 8.3 million trust...