March 19, 2002 NEW YORK – Donald Trump and his Japanese partner will sell the Empire State Building for $57.5 million to an investment entity controlled by investor Peter Malkin, who holds the lease on the structure through...

March 19, 2002 Terranomics Developments has sold a Falls Church, Va., community shopping center for $11.875 million.The property, Corner at Seven Corners, contains 70,890 square feet and is fully leased to tenants such as The Gap, Guitar Center,...

March 19, 2002 St. Petersburg BofA tower sold for $41MlnSt. Petersburg (Fla.) TimesST. PETERSBURG, Fla. – Three private investors who like to keep low profiles paid $41 million for the 27-story Bank of America tower, which will retain...

March 19, 2002 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. has named Jeffery M. Heath as senior vice president in the retail production office.Heath will originate permanent, bridge and construction mortgages as well as mezzanine products and equity...

March 19, 2002 ROCKVILLE, Md. – Federal Realty Investment Trust (NYSE:FRT) has named Larry Finger as senior vice president and chief financial officer.Finger will manage the REIT's accounting, capital markets and investor relations functions.Prior to joining Federal Realty,...

March 19, 2002 Commercial Real Estate Direct Staff ReportMore than half of the real estate professionals surveyed by the Pension Real Estate Association believes that real estate prices will increase by the end of this year.PREA also found...

March 19, 2002 RICHMOND, Va. – United Dominion Realty Trust (NYSE:UDR) has sold 3 million common shares to Cohen & Steers Capital Management.Proceeds of $42.3 million will be used to buy apartment communities and reduce outstanding debt under...

March 19, 2002 Commercial Real Estate Direct Staff ReportThe seven REITs that reported earnings over the past few weeks saw an average 26.01 percent decline in funds from operations for the 12 months ended Dec. 31, 2001.The dismal...

March 18, 2002 EAST BRUNSWICK, N.J. – Insignia/ESG has named Nick Kim as director of its central New Jersey office.Prior to joining Insignia/ESG, Kim served as senior asset manager of Highlander Real Estate, a subsidiary of Ssangyong USA,...

March 18, 2002PHILADELPHIA – Walton Street Capital is again trying to sell 1650 Arch St. in Center City, a year after pulling the former Cigna Corp. headquarters off the market.The private real estate company in Chicago believes the...

NEW YORK – Standard & Poor's has raised its ratings on four classes of Morgan Stanley Capital I Inc.'s 1997-WF1 because of higher credit support levels and improved debt service coverage.The collateral backing the deal has a principal...

March 18, 2002 Class Amount Sub. Rate Rating S&P Rating Moody's Avg. Life Priced Benchmark A-1 150 18 AAA Aaa 2 +35 area Swaps A-2 180 18 AAA Aaa 5.74 +43 area Swaps A-3 363.7 18 AAA Aaa...

LOS ANGELES – Kilroy Realty Corp. (NYSE:KRC) has lined up a $425 million unsecured credit facility from a group of banks led by J.P. Morgan Chase. The facility replaces the REIT's previous $400 million credit line. It also...

SECAUCUS, N.J. – The Edison, N.J., office of Holliday Fenoglio Fowler has arranged financing for two unidentified industrial buildings totaling 100,000 square feet. Jon Mikula, Holliday' senior director, was responsible for arranging the financing of $6.25 million through...

March 18, 2002 DALLAS – Charter Holdings has received $32.8 million in floating-rate financing for its purchase of the 17-story Woodall Rodgers Tower north of downtown and the Arapaho Business Park in Richardson's telecom corridor.GE Capital has provided...

March 18, 2002 WASHINGTON TOWNSHIP, N.J. – Heritage Property Investment Trust has purchased a shopping center for $34 million from American Continental Properties.The 371,128-square-foot Cross Keys Commons is at the intersection of Routes 42 and 555 in the...

March 18, 2002 Withrow plans $60Mln retail project in NCThe Business Journal of Charlotte (NC)CHARLOTTE, N.C. – Withrow Capital Inc. plans to build a $60 million retail center on the Mecklenburg-Union County Line that will consist of 800,000...

March 18, 2002 PARAMUS, N.J. – John Hancock Life Insurance Co. has provided a $14.7 million loan for a retail property occupied by BJ's Wholesale Club.The 12.5-year, fixed-rate financing was arranged by Tom Didio, senior managing director of...

March 15, 2002 NEW YORK – Fitch Ratings has withdrawn its ratings on Sasco Floating Rate Commercial Mortgage Trust's 1998-C3 because the multiclass pass-through certificates have been paid in full.Comments? E-mail Susanna Potter, or call her at (267)...

March 15, 2002 NEW YORK – Delinquencies for mortgages securitized in CMBS deals rated by Fitch Ratings increased in January to 1.25 percent from 1.11 percent the month before.The upward trend in delinquencies in Fitch rated deals is...

March 15, 2002 NEW YORK – Moody's Investors Service has downgraded Hilton Hotels Pool Trust, 2000-HLT, because its collateral pool has seen a decline in performance. The rating agency said that using adjusted cash flow and capitalization rates,...

March 15, 2002 Shipyards project in Jacksonville, Fla., moving aheadFlorida Times-UnionJACKSONVILLE, Fla. – TriLegacy, the development company footing the bill for the Shipyards project in downtown, yesterday introduced Lambert Development and architect firm Sandy & Babcock as key...

March 15, 2002 NEW YORK – Fitch Ratings has downgraded Credit Suisse First Boston Mortgage Securities Corp., 1997-C2, because of concerns it has with the performance of a large chunk of the collateral pool.The rating agency said it...

March 15, 2002 Commercial Real Estate Direct Staff ReportCushman & Wakefield has been retained to market the Arco Center in the prestigious Bunker Hill district of Los Angeles.The building's owner, Metropolitan Life Insurance Co., had been interviewing brokerage...

March 15, 2002 NEW YORK – Fitch Ratings has placed two CMBS deals on its rating watch negative list because of their weakened conditions, which are partly due to their exposure to closing Kmart Corp. stores.The two deals...