March 8, 2002 Class Amount (mlns) Rating Fitch Rating Moody's Avg. Life Price Talk Priced Benchmark A 294.1 AAA Aaa 2.4 +42 area +39 Libor B 56.9 AA Aa2 2.4 +75 area +75 Libor C 43.57 A A2...

March 8, 2002 Commercial Real Estate Direct Staff ReportKmart Corp. has identified another 284 stores for closure.The stores, which are all operating, are considered underperforming. The retailer, which has been operating under bankruptcy protection since Jan. 22, has...

March 8, 2002 A total of 46 CMBS transactions have exposure to Kmart stores that were included in a list of 284 that the retailer said it would seek to close, according to an analysis conducted by Trepp...

March 8, 2002 PHILADELPHIA – RAIT Investment Trust (NYSE:RAS) has priced 1.2 million common shares at $18.05/share.Proceeds of $20.7 million will be used to originate and buy loans and to buy property interests.The underwriter in the offering was...

March 8, 2002 Commercial Real Estate Direct Staff ReportThe three owners of Rreef Funds are projecting hefty profits from their $440 million sale of the pension-fund advisory firm to Deutsche Bank.The sale will generate $406 million of proceeds,...

March 8, 2002 LAVERGNE, Tenn. – The Stiles Corp. has purchased a 518,667-square-foot warehouse for $14.5 million from Perrigo Co.The warehouse sits within the Midsouth Logistic Center Industrial Park and was built in 1998. Stiles plans to expand...

March 8, 2002 TrizecHahn expects restructuring to save US$1B in taxesFinancial Post TORONTO – TrizecHahn Corp. said yesterday it could be trading as a REIT as early as mid-May and expects its dividend to quadruple as part of...

March 8, 2002 SALEM, N.H. – Developers Diversified Realty (NYSE:DDR) and its majority-owned affiliate, Coventry Real Estate Partners, have acquired Prudential Real Estate Investors' 74.25 percent joint venture interest in an open-air shopping center.Terms were not disclosed.The Village...

March 8, 2002 SPOKANE, Wash. – WestCoast Hospitality Corp. (NYSE:WEH) has agreed to sell an 80.1 percent interest in the WHC Building for $10.6 million to an investment group.The company will retain a 19.9 percent stake in the...

March 8, 2002 PLYMOUTH MEETING, Pa. – Kramont Realty Trust's (NYSE:KRT) seven Kmart stores in its centers are not among the 284 additional stores the bankrupt retailer is seeking to close.The Kmart stores in Kramont's portfolio are 90,000-square-feet...

March 8, 2002 A story posted yesterday – "Another LA Office Complex May Hit the Block" – provided an incorrect estimated price for the Arco Center at 333 S. Hope St. in Los Angeles. The pricing should read...

March 7, 2002 Guidance as of Feb. 28. Class Amount (mlns) Rating S&P Rating Moody's Avg. Life Price Talk Benchmark A-1 60 AAA Aaa 1 +70 area Swaps A-2 60 AAA Aaa 2.3 +115 area Swaps B 10...

March 7, 2002 DENVER, Colo. – Archstone-Smith (NYSE:ASN) has hired Mark A. Schumacher to serve as senior vice president and corporate controller.Schumacher joined the Denver-based apartment REIT from Qwest Communications, where he was the vice president and controller.Comments?...

March 7, 2002 Class Amount (mlns) Rating Fitch Rating Moody's Avg. Life Price Talk Benchmark A 294.1 AAA Aaa 2.4 +42 area Libor B 56.9 AA Aa2 2.4 +75 area Libor C 43.57 A A2 2.4 +145 area...

March 7, 2002Rodamco North America NV has rescheduled to March 25 its shareholders meeting to vote on its planned liquidation.The meeting, originally set for Feb. 26, was deferred after the Enterprise Chamber of the Amsterdam Court of Appeal...

March 7, 2002 SAN JOSE, Calif. – The Hidden Brook apartment complex, a Class-B complex at 463 Wooster Ave., has traded hands for its asking price of $20.65 million – that's $102,736/unit or $177/sf.Tustin, Calif.-based RHC Communities bought...

March 7, 2002 DLC buys retail center in Lebanon, Tenn.LEBANON, Tenn. – DLC Management Corp. has purchased Cedars Square, a 280,000-square-foot retail center that is anchored by Wal-Mart and Goody's, for about $16.2 million from AB/Lebanon LP. Jacksonville...

March 7, 2002Deutsche Bank has confirmed that it is buying the holding company of Rreef Funds, a pension fund adviser with $16.2 billion of assets under management. Deutsche has agreed to pay $440 million for the company plus...

March 7, 2002 NEW YORK – Fitch has placed its triple-B rating for JP Realty's senior unsecured notes on watch negative as a result of General Growth Properties purchase of the company for $1.1 billion.The rating watch affects...

March 7, 2002By Orest Mandzy, Commercial Real Estate Direct Managing EditorPyramid Cos., a shopping center owner, has paid off the $25.5 mortgage on the Hampshire Mall in Hadley, Mass., after its lender, Deutsche Bank, started offering the loan...

March 7, 2002 LUTHERVILLE, Md. – Mid-Atlantic Realty Trust (NYSE:MRR) plans to raise $30.2 million from the sale of 2 million common shares at $15.10/share.Proceeds will be used to repay fixed-rate mortgage debt and to reduce the REIT's...

March 7, 2002 DALLAS – Archon Financial, the conduit lending arm of Goldman Sachs, has named Joseph Osborne chief operating officer. Osborne, who has been with Archon for four years, was most recently vice president and general counsel....

March 7, 2002 NEW YORK – GMAC Commercial Mortgage Corp. has named George A. O'Brien III as vice president and retail loan origination producer in its Manhattan office.Prior to joining GMAC, he was a vice president at GE...

March 7, 2002 TORONTO – RioCan Real Estate Investment Trust has acquired a 50 percent interest in five retail centers, encompassing roughly 1.5 million square feet, from affiliates of the First Professional Group for about US$84 million.The transaction...

March 7, 2002 ARLINGTON, Va. – Vornado Realty Trust (NYSE:VNO) has paid $55 million for the mortgage as well as an option to purchase Crystal City Gateway One.Vornado expects to exercise its option to acquire the 360,000-square-foot office...