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 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...

April 3, 2002 BALTIMORE – Prime Retail Inc. said it has used $9.2 million of proceeds from the sale of Prime Outlets at Edinburgh to pay down a mezzanine loan that was provided by Fortress Investment Fund and...

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 2, 2002 HOUSTON – J.P. Morgan Fleming Asset Management has sold 3D/International Tower, a Class-A office building.Transwestern Investment Co. bought the 21-story tower at 1900 West Loop South for what locals say was $42.6 million, or about...

April 2, 2002 PHILADELPHIA – ARCS Commercial Mortgage has provided $35 million of financing through its Fannie Mae Delegated Underwriting and Servicing program for a 412-unit apartment property.The 10-year loan, which amortizes over 30 years and carries an...

April 2, 2002 ENCINO, Calif. – Glenborough Realty Trust Inc. (NYSE:GLB) has paid $47.3 million for First Financial Plaza, an office in the Los Angeles suburb of Encino.The REIT bought the six-story office building at 16830 Ventura Blvd....

April 2, 2002 NEW YORK – Standard & Poor's has affirmed its ratings on Library Tower Trust I 1998-I despite the additional leverage placed on the CMBS deal's collateral property.The deal has a balance of $190.4 million. But...

April 2, 2002 LONG BEACH, Calif. – A joint venture between Ensemble Investments and AEW Partners IV has purchased the World Trade Center Office and Hilton Hotel from CDI West for an undisclosed sum.The 550,000-square-foot, 27-story building at...

April 2, 2002 Wells Real Estate Investment Trust has purchased two Michigan office/research and development properties for a total of $42.7 million.The properties, in Kalamazoo and Farmington Hills, are leased for 20 years to Dana Corp., a large...

April 2, 2002 Nationwide Life Insurance Co. has provided $19.7 million of financing for Festival at Manchester Lakes, a retail property in Springfield, Va.The five-year financing pays interest only and was arranged by Legg Mason Real Estate Services'...

April 2, 2002 Banyan sells Huntsville, Ala., propertyHUNTSVILLE, Ala. – Banyan Strategic Realty Trust has closed on the sale of its University Square Business Center for roughly $8.5 million to USBC LL C. University Square is a six-building...