March 28, 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 28, 2002 Commercial Real Estate Direct Staff ReportThe Real Estate Roundtable, a Washington-based industry lobbying and trade group, has clarified the scope of a recent IRS ruling concerning developer tax write-offs for impact fees.The measure in question,...

March 28, 2002 SAN FRANCISCO – The owner of two bed and breakfast inns has hired Marcus & Millichap to market the 26-unit properties for sale.The two properties, located on Bush Street, have an asking price of $10...

March 28, 2002 Caisse moves on NY, also plans on TorontoThe Financial PostMONTREAL – The Caisse de d?p?t et placement du Qu?bec became an even bigger player in New York with its purchase of a 45 percent equity...

March 28, 2002 Barcelo Hotels & Resorts of Spain is buying Crestline Capital Corp. (NYSE:CLJ) in a $602 million deal slated to close by the end of June.Barcelo has agreed to buy the Bethesda, Md., hotel company via...

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 27, 2002 CALGARY, Alberta – TGS Properties Ltd. (TSE:TGP.TO) is reviewing alternative corporate structures as a way to enhance shareholder value and has hired RBC Capital Markets, Deloitte & Touche LLP and Felesky Flynn LLP to help...

March 27, 2002 BEVERLY HILLS, Calif. – Kennedy-Wilson Inc. (Nasdaq:KWIC) has hired David Walker as a managing director responsible for leading the company's real estate investment banking division.Walker had worked at Nomura Asset Capital Corp. with Ethan Penner...

March 27, 2002 Shareholders of Rodamco North America NV have voted in favor of selling the company's assets to Westfield America Trust (ASX:WFA), Simon Property Group (NYSE:SPG) and Rouse Co. (NYSE:RSE) in a $5.3 billion transaction.About 87 percent...

March 27, 2002 LAGUNA NIGUEL, Calif. – BRE Properties Inc. (NYSE:BRE) last quarter bought Ventanja at Rancho Niguel.The REIT paid about $64 million, or about $139,130/unit, for the 460-unit apartment property at 28188 Moulton Parkway.Ventanja, built in 1988,...

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 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 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 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 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...