March 19, 2002 TACOMA, Wash. – Frank Russell Co., an investment services subsidiary of Northwestern Mutual, has selected Rreef to help manage two real estate securities funds.Rreef joins AEW Capital Management and Security Capital in managing two 411...

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 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 15, 2002 LAS VEGAS – Elsinore Corp. (OTC BB:ELSO) has agreed to sell its Four Queens Hotel & Casino for $22 million to SummerGate Inc.Since the 690-key hotel-casino is Elsinore's only operating asset, the company plans to...

March 15, 2002 CMBS bonds that Moody's Investors Service has not rated, but are part of the collateral pool of a CDO that it rates, generally get penalized, or "notched" by two ratings. A story published yesterday –...

March 15, 2002 Rodamco North America NV has repurchased the 14.7 million shares it issued last fall to an independent trust when it was trying to thwart Westfield Holdings' attempt to take control of the company. Rodamco paid...

March 15, 2002 Entertainment Properties Trust (NYSE:EPR) has completed its acquisition of five megaplex theaters in metropolitan New Orleans.The REIT in January agreed to pay about $70 million for the portfolio, essentially the real estate assets of Gulf...

March 15, 2002 DENVER – ProLogis (NYSE:PLD) has completed the sale of two of its European cold-storage operations for $102 million.The operations sold comprise 37.8 million cubic feet of space. The company had previously announced that it was...

March 15, 2002 CLEARWATER, Fla. – Post Properties Inc. (NYSE:PPS) has sold Post Court, a 228-unit apartment complex, for $16 million.An affiliate of San Antonio, Texas, investment firm Internacional Realty Inc. bought Post Court, which was built by...

March 15, 2002 RALEIGH, N.C. – Konover Property Trust (NYSE:KPT) has received several non-binding offers to acquire the shopping center REIT.One of the offers made was by Prometheus Southeast Retail Trust, which holds about 67 percent of Konover's...

March 15, 2002 ATLANTA – Post Properties Inc. (NYSE:PPS) has agreed to transfer substantially all of its third-party general contracting business to a new company formed by former Post executives.The deal provides a way for the REIT to...

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...