April 8, 2002CHICAGO – Ross B. Glickman, the president of leasing at Urban Retail Properties Co., has been named chief executive of the operation, which is affiliated with Rodamco North America NV.Urban Retail will be owned by Westfield...

April 8, 2002 By Susanna Potter, Commercial Real Estate Direct Staff WriterA boutique office building in Manhattan is back on the market after a planned sale recently fell through.A deal to sell the 23,000-square-foot town house at 4...

April 8, 2002 MONTREAL, Quebec – Boardwalk Equities Inc. (TSE:BEI) has contracted to pay about C$180 million (US$112.8 million) for a portfolio of high-quality multifamily properties.The company is reviewing various financing alternatives for the portfolio, which totals more...

April 5, 2002 NEW YORK – Moody's Investors Services has assigned a Ba3 rating to both maturity tranches of Ventas Inc.'s proposed issuance of senior unsecured notes.The outlook is negative.Net proceeds from the sale of the notes will...

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 5, 2002 Class Amount Sub. Rate Rating Fitch Rating Moody's Avg. Life Price talk Priced Benchmark A1 77.6 20 AAA Aaa 3 +39 area +36 Swaps A2 158 20 AAA Aaa 7.05 +43 area +42 Swaps A-3...

April 5, 2002Pennsylvania REIT (NYSE:PEI) has paid $61.3 million for a 1.1 million-square-foot enclosed regional mall in suburban Pittsburgh.PREIT bought the Beaver Valley Mall from the California Public Employees' Retirement System at a capitalization rate, or initial yield,...

April 5, 2002 FORT WORTH, Texas – Crescent Real Estate Equities Co. (NYSE:CEI) plans to offer $375 million of senior notes due 2009.Proceeds will be used to repay existing debt and to redeem preferred units of one of...

April 5, 2002CHICAGO – First Industrial Realty Trust's (NYSE:FR) operating partnership has priced $250 million of senior unsecured notes.The offering is comprised of two tranches. The first tranche, $200 million of 6.875 percent notes due April 15, 2012,...

April 5, 2002 DALLAS – Wells Fargo has provided $24 million of financing to MSDW Southwest Partners for three office buildings outside Dallas.The mortgage refinanced existing debt on the three buildings, which total 362,000 square feet. The properties...

April 5, 2002 Ga. retail center fetches $85/sfNORCROSS, Ga. – Centre Stage, a 95,357-square-foot grocery-anchored retail center at 6050 Peachtree Parkway, has traded hands for $8.1 million, or $85/sf. Ed Nutting of Marcus & Millichap's Atlanta office arranged...

April 5, 2002 S&P rates mortgage bond deal backed by Ontario mall TORONTO – Standard & Poor's has assigned its triple-B-plus rating to Morguard Real Estate Investment Trust's C$55 million 6.76 percent, series D first mortgage bond, maturing...

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 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...