March 14, 2002 DALLAS – Colonial Bank has provided nearly $23.3 million in financing to AmeriSouth Realty for its purchase of two apartment properties, one each in Dallas and Fort Worth.Holiday Fenoglio Fowler's Dallas office arranged the two...

March 14, 2002 HOUSTON – Metropolitan Fund Corp. has provided $48.2 million in financing to Trimark Realty Investments for its Octagon portfolio of seven apartment properties totaling 1,845 units in Houston and Fort Worth.The 35-year, fixed-rate financing was...

March 14, 2002 Red Mortgage Capital Inc. has provided $13.5 million of Fannie Mae financing for Summerlin Apartments, a 147-unit complex in suburban Portland, Ore.The financing, a forward commitment mortgage, was structured under Fannie's delegated underwriting and servicing...

March 14, 2002 NEW YORK – Standard & Poor's has identified 40 loans in 29 CMBS transactions it rates in which Kmart stores are slated to close, according to lists released by the bankrupt retailer in January and...

March 14, 2002 CLEVELAND, Ohio – Forest City Enterprises Inc. (NYSE:FCEA) has registered with the SEC to allow the sale of up to 1.5 million shares of its Class A common stock.The selling shareholders are family entities controlled...

March 14, 2002 NEW YORK – Standard & Poor's has placed GMAC Commercial Mortgage Securities Inc., 2000-C2 on credit watch with negative implications because the deal's collateral pool contains loans on two Kmart Corp. stores that the retailer...

March 14, 2002 NEW YORK – A 13-year sublease that DMJM+Harris.Arup, an engineering venture, has signed for nearly 71,000 square feet at 20 Exchange Place in lower Manhattan is probably valued at $31 million.Although full terms of the...

March 13, 2002 MALVERN, Pa. – Liberty Property Trust (NYSE:LRY) has promoted William P. Hankowsky to president of the company.Hankowsky, who has served as executive vice president and chief investment officer of Liberty for more than a year,...

March 13, 2002 NEW YORK – W.P. Carey & Co. (NYSE:WPC) has purchased and leased back four facilities from PW Eagle (NYSE:PWEI) for about $13.7 million. The four properties, which total 245,000 square feet, will be leased under...

March 13, 2002 COLUMBIA, Md. – Corporate Office Properties Trust (NYSE:OFC) has expanded its existing secured revolving credit facility to $150 million from $125 million.The facility was arranged by Deutsche Banc Alex. Brown Inc. and includes eight banks.The...

March 13, 2002 Motorola (NYSE:MOT) has hired Jones Lang LaSalle (NYSE:JLL) to manage a significant number of its U.S. facilities and provide project management services for its owned and leased real estate portfolio.The five-year contract covers 12.5 million...

March 13, 2002 Westfield America Trust (ASX:WFA) has resolved a dispute with Zurich Insurance over supplementary insurance on the retail component of the World Trade Center. The insurance in question is separate from the $3.5 billion "per occurrence"...

March 13, 2002 Chicago investor in talks to buy Atlanta office parkThe Atlanta Journal-ConstitutionATLANTA – M&J Wilkow is in talks to buy the 14-building Northlake Office park with owners Brickman Associates and Credit Suisse First Boston. Brickman and...

March 13, 2002Criimi Mae Inc. (NYSE:CMM) has sold the nine master and primary servicing contracts it put on the block last December.The Rockville, Md., company, which now focuses solely on the special servicing end of the commercial mortgage...

March 13, 2002 SANTA ANA, Calif. – Kennedy-Wilson has purchased a 196-unit Class-B apartment complex from LJS Group for roughly $16.7 million, or $85,077/unit.The firm plans to reposition the Park Place Apartment community within the next 12 to...

March 13, 2002 NEW YORK – Philips International Realty Corp. (NYSE:PHR) hasn't been directly affected by Kmart's new list of closings, but the retailer's bankruptcy could delay Philips' liquidation plans.Philips has four stores with operating Kmarts, in Sacramento...

March 13, 2002 RICHMOND, Va. – United Dominion Realty Trust (NYSE:UDR) has received a $72 million credit facility from Freddie Mac.The credit line has an initial term of five years, with a four-year extension option. The line was...

March 13, 2002 Class Amount (mlns) Sub. Rate (%) Rating S&P Rating Moody's Avg. Life Price Talk Revised Talk Priced Benchmark A-1 54.7 22.625 AAA Aaa 2.5 +35 area +35 area +35 Swaps A-2 112.4 22.625 AAA Aaa...

March 13, 2002 Underwriter: UBS Warburg. Click here for related article from Tuesday, March 12, 2002. Class Amount (mlns) Rating S&P Rating Moody's Avg. Life Price Talk Priced Benchmark A-1 60 AAA Aaa 1 S+70 area +65 Euros...

March 13, 2002 NEW YORK – Fitch Ratings has given Prudential Asset Resources a special servicer rating of CSS3-plus. Fitch noted that although Prudential Asset has no CMBS special servicing experience, it is special servicer for loans held...

March 13, 2002 ANAHEIM, Calif. – Odetics Inc. (Nasdaq:ODETA) has agreed to sell and lease back its real estate holdings in Anaheim to an undisclosed buyer.The company and the buyer have opened escrow, and the deal, which is...

March 13, 2002 NEW YORK – Moody's Investors Service has downgraded Nortel Networks Lease Pass-Through Trust, 2001-1, to Baa3 from Baa2 because Nortel's corporate rating had been downgraded to Baa3.The transaction is backed by leases on properties Nortel...

March 12, 2002 U.K. hotel company Thistle Hotels PLC has agreed to sell 37 hotels – 31 regional and six in London – for 600.4 million pounds ($850 million) in cash. The deal will also take out 555.4...

March 12, 2002 NEW YORK – Moody's Investors Service said it is reviewing for possible downgrade DLJ Commercial Mortgage Corp. 1998-STF2, because of the extremely large number of loans in special servicing. Currently, six loans totaling 72.7 percent...

March 12, 2002 A subsidiary of Brookfield Properties Corp. (NYSE:BPO) has sold a 50 US$100 million.Two Canadian pension funds, represented by Redcliff Realty Advisors, paid about US$91/sf for the half stake in the Exchange Tower, a 1.1 million-square-foot...