March 27, 2002 Collateralized debt obligation, underwritten by Morgan Stanley Dean Witter. Collateral consists of CMBS, REIT debt, ABS and a small amount of corporate securities and bank loans. The collateral manager, Newcastle Investments, is the former Fortress...

March 27, 2002 Commercial Real Estate Direct Staff ReportLONDON – Orb Estates has agreed to buy 37 properties from Thistle Hotels for 600.4 million pounds ($525.3 million).The transaction includes about 555.4 million pounds of outstanding debt and a...

March 27, 2002 Etheridge takes over Grubb's Southeast regionThe Atlanta Journal-ConstitutionATLANTA – Grubb & Ellis has named Wayne Etheridge to the post of regional managing director for the Southeast. Etheridge starts April 22 and will work out of...

March 27, 2002 O&Y REIT completes C$50Mln private placementTORONTO – O&Y Real Estate Investment Trust (TSE:OYR) has completed its planned private placement of 4.62 million units for C$10.85/unit and total gross proceeds of just over C$50 million (US$31.5...

March 26, 2002 LAKE FOREST, Calif. – Lexington Corporate Properties Trust (NYSE:LXP) has acquired the two-building headquarters complex of Apria Healthcare Group Inc. for $16.97 million, or $170/sf.The two newly constructed 50,000-square-foot buildings are net leased to Apria...

March 26, 2002 GERMANTOWN, Tenn. – Equity Inns (NYSE:ENN) has priced 3.1 million common shares at $8/share.Proceeds of $23.5 million will be used to pay down outstanding balances under the company's revolving credit line. Salomon Smith Barney is...

March 26, 2002 ATLANTA – Post Properties (NYSE:PPS) has named David P. Stockert, currently president, as chief executive officer, effective July 1.Stockert will succeed John A. Williams, the company's founder and chairman. Williams will continue as chairman of...

March 26, 2002Commercial Real Estate Direct Staff ReportWachovia Securities has provided $36 million of senior financing for University City Village Apartments in San Diego in a transaction arranged by Sonnenblick-Eichner Co.Sonnenblick-Eichner, a Los Angeles real estate adviser, also...

March 26, 2002 NEWARK, N.J. – Prudential Financial Inc. (NYSE:PRU) has named Bernard Winograd president of Prudential Investment Management and chairman of Prudential Real Estate Investors.The pension fund advisor has also promoted Charles Lowrey, the current president of...

March 26, 2002 Golden leaves Julien J. Studley; Sanders, Duffy followThe Atlanta Journal-ConstitutionATLANTA – Brokers Bert Sanders and Patrick Duffy have followed Neal Golden's move and resigned from the Atlanta office of commercial real estate brokerage Julien J....

March 26, 2002 SAN DIEGO – Kilroy Realty Corp. (NYSE:KRC) has purchased the remaining interest owned by the Allen Group in nine office properties and three development sites for about $40.9 million.The acquisition was funded with $2.2 million...

March 26, 2002 INCHEON, South Korea – The Gale Co. has formed a joint venture with the city of Incheon and Posco Engineering & Construction to build a 1,000-acre development that has an estimated cost of $12.5 billion.The...

March 25, 2002 Shareholders of Rodamco North America NV will be able to vote today on the company's acquisition by Westfield America Trust, Simon Property Group and Rouse Co., despite a Dutch court's ruling that Rodamco's board mismanaged...

March 25, 2002 Southside firm developing 265-acre park in BraseltonAtlanta Business ChronicleBRASELTON, Ga. – Southeast Investment Properties plans to build the Georgia Distribution Center, a 265-acre, 3.5 million-square-foot industrial park. The potential $90 million project will start with...

March 25, 2002 ORLANDO, Fla. – CNL Retirement Corp. has finalized its purchased of two senior housing communities, one each in Florida and Illinois, for about $28 million from American Retirement Corp. (NYSE:ACR).American Retirement will lease back the...

March 25, 2002 TrizecHahn's chairman gets US$2.8Mln bonus Financial Post, March 23TORONTO – TrizecHahn Corp. chairman and controlling shareholder Peter Munk was awarded a US$2.8-million bonus in 2001 in addition to a $700,000 salary. The bonus was not...

March 25, 2002 Class Amount ($mln) Sub. Rate Rating S&P Rating Moody's Avg. Life Price Talk Priced Bench mark A-1 120 19.875 AAA Aaa 3.3 ? +39 Swaps A-2 176 19.875 AAA Aaa 5.5 ? +42 Swaps A-3...

March 25, 2002 ST. LOUIS – Column Financial has provided nearly $56.6 million in financing to the Gannon Development Co. for three apartment communities totaling 1,471 units.The proceeds from the 10-year loan, which amortizes over 30 years and...

March 25, 2002 By Orest Mandzy, Commercial Real Estate Direct Managing EditorKeefe, Bruyette & Woods Inc., has bolstered its newly formed whole-loan sales operation by hiring an executive from Societe Generale.The New York investment bank has added Robin...

March 25, 2002 ATLANTA – Gables Residential (NYSE:GBP) has sold Dunwoody Gables, a 311-unit apartment complex, for $25 million.Gables said the sales price represented a capitalization rate, or initial yield, of 7.5 percent. The property provided it with...

March 25, 2002 NEW YORK – Moody's Investors Service is launching a series of monthly CMBS surveillance reports that will provide transaction data as well as analysis.Initially, the rating agency will publish Enhanced Performance Reports, or EPRs, on...

March 25, 2002 MCLEAN, Va. – Sunrise Assisted Living (NYSE:SRZ) has completed the sale of 12 assisted-living communities in six states for $197 million to an international investor group.The investor group, advised by Macquarie Capital Partners, funded about...

March 25, 2002 CHICAGO – GMAC Commercial Mortgage Corp. has acquired Westco Real Estate Finance Co., a mortgage bank in Costa Mesa, Calif.Westco, which was represented in the transaction by FPL Associates of Chicago, generated $500 million of...

March 22, 2002 WASHINGTON – CarrAmerica Realty Corp. (NYSE:CRE) has named Philip L. Hawkins as president.Hawkins also will continue as chief operating officer.He replaces Thomas A. Carr, who will continue as chairman and chief executive officer.Hawkins will continue...

March 22, 2002 MIAMI BEACH, Fla. – Equity One (NYSE:EQY) plans to raise $39.8 million from the sale of 3 million shares of common stock at $13.25/share.The lead manager in the offering is Legg Mason Wood Walker, and...