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...

March 15, 2002 TORONTO – Summit REIT (TSE:SMU.UN) has completed its C$351.1 million (US$221.7 million) purchase of a portfolio of 110 light industrial/flex space properties across Canada.Summit agreed in January to buy the 8.2 million-square-foot portfolio from Aquest...

March 15, 2002 Class Amount Sub. Rate Rating S&P Rating Moody's Avg. Life Priced Benchmark A-1 60 19.875 AAA Aaa 3.3 +35 area Swaps A-2 88 19.875 AAA Aaa 5.5 +40 area Swaps A-3 269 19.875 AAA Aaa...

March 15, 2002 WASHINGTON, D.C. – Jerry Crute, a former senior financial official for the District of Columbia, has joined the American Council of Life Insurers as associate director in investment research.Crute, who will oversee production of ACLI's...

March 14, 2002 CHICAGO – Equity Residential Properties Trust (NYSE:EQR) has named Bruce W. Duncan president and a member of its board. The move, which was expected, calls for Douglas Crocker to relinquish his role as president. He...

March 14, 2002 NEW YORK – Investors Jeff Sutton and Eli Gindi have joined forces with the Blackstone Group to buy the boutique office building at 609 Fifth Ave. for $65 million, or $415/sf.The 13-story, 156,700-square-foot property near...

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 – 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 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 LAS VEGAS – Park Place Entertainment Corp. (NYSE:PPE) has named Harry C. Hagerty as its new chief financial officer, effective March 25.Hagerty replaces former CFO Scott LaPorta, who left the company in January. Hagerty has...

March 14, 2002 NEW YORK – Fitch Ratings has assigned its triple-B-plus rating to BRE Properties' (NYSE:BRE) $150 million senior unsecured notes due March 2007.Fitch's rating is based o n the firm's asset quality, solid property fundamentals in...

March 14, 2002 NEW YORK – The Carlton Group has hired two executives to beef up its investment-sales and mortgage placement operation.The executives, Jon Glickman and Steve Maloy, were hired as senior vice presidents.Glickman was most recently with...

March 14, 2002 CLEVELAND – Developers Diversified Realty (NYSE:DDR) has priced $150 million of class F cumulative perpetual preferred stock and has issued $100 million of medium term notes. The class F preferred stock has a $25 liquidation...

March 14, 2002 Captec Inc. has hired Marcus & Millichap to market a $40 million portfolio of restaurant and retail service properties across the country.The portfolio includes such brands as Pizza Hut, Taco Bell, Tony Roma's, Hollywood Video,...

March 14, 2002 CHATTANOOGA, Tenn. – CBL & Associates Properties Inc. (NYSE:CBL) has completed its $1.3 billion purchase of a 23-property portfolio from The Richard E. Jacobs Group Inc. In this final stage of the acquisition, CBL acquired...

March 14, 2002 St. Joe begins work on Fla. retail complexPANAMA CITY BEACH, Fla. – The St. Joe Co. has begun construction of a retail complex here. Pier Park is a venture between the company and the city....

March 14, 2002 DALLAS – HQ Global Workplaces and 32 of its affiliates have filed for reorganization under Chapter 11 bankruptcy in the U.S. Bankruptcy Court in Delaware. In conjunction with the filing, HQ has received a commitment...

March 14, 2002 BOISE, Idaho – Food and drug retailer Albertson's (NYSE:ABS) intends to exit four under-performing markets in Tennessee and Texas through store closures and sales.The markets are in Memphis, Nashville, Houston and San Antonio.Combined, the markets...

March 14, 2002 ARLINGTON, Texas – The Bauer Partnership Inc. (OTC BB:BUER) has agreed to buy the Six Flags Mall for $23.5 million.The real estate investment company's subsidiary, Bauer Capital Management Ltd., is buying the 1.2 million-square-foot mall...

March 14, 2002 Developer pays C$29Mln for development site in VancouverThe Vancouver SunVANCOUVER, British Columbia – Developer Peter Wall has out-bid four rivals to purchase one of the most coveted development sites in downtown. Wall Financial Corp. is...

March 14, 2002 PANAMA CITY, Fla. – Whitemark Homes (OTCBB:WTMK) has purchased 15 acres near Panama City for its $34 million Long Point Cove marina condominium project.Phase I will consist of 4.5 acres of commercial and retail space...