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 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 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 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 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 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 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...

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 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 12, 2002 Collateralized debt obligation, underwritten by Wachovia Securities and Deutsche Bank. Price talk and date of final pricing were not available as of this posting. Class Amount Rating Moody's Rating S&P Rating Fitch Avg. Life Priced...

March 12, 2002 NEW YORK – New Plan Excel Realty Trust Inc. (NYSE:NXL) said five Kmart Corp. stores at properties it owns are among the 284 that the retailer said it plans to close.The stores, which total 490,900...