January 9, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterRegency Realty Group has sold 4.86 acres in Torrance, Calif., just outside of Los Angeles. Sun Family Trust purchased the property, at Carson and Abalone streets, for...

January 9, 2001 (NewsTraders.com) – Mall giant Simon Property Group (NYSE:SPG), through its operating partnership, is conducting an offering of notes primarily to repay variable-rate debt.The Indianapolis-based REIT, which disclosed such information late Monday in a regulatory filing,...

January 9, 2001 By Patrick Crowley, Commercial Real Estate Direct Contributing WriterColonial Properties Trust (NYSE: CLP), which recently sold two properties, is planning to continue selling properties in part to fund its development pipeline.Most recently, the Birmingham, Ala.,...

January 9, 2001 SAN JOSE, Calif. – Divco West paid an affiliate of J.P. Morgan more than $125 million for a portfolio of Silicon Valley office properties.The portfolio of eight buildings is fully leased to tenants such as...

January 8, 2001 Commercial Real Estate Direct Staff ReportCapitalThinking has completed a restructuring making it solely a developer and marketer of software applications for the commercial mortgage industry.The restructuring has resulted in 14 professionals leaving the firm's real...

January 8, 2001 Commercial Real Estate Direct Staff ReportFDIC is putting an $11.2 million portfolio of nonperforming loans – commercial and residential mortgages as well as consumer credits – up for sale.The loans stem from the Bank of...

January 8, 2001A venture between Beacon Capital Partners Inc. and PaineWebber Inc. has sold One Kendall Square in Cambridge, Mass., to a venture between Lincoln Property and JE Robert Cos. for $192 million, or about $291/sf.Lincoln and JE...

January 8, 2001 BIRMINGHAM, Mich. – E-Cognita has signed on Stroock & Stroock & Lavan LLP as the first user of its real estate management software, Streamloaner.Stroock & Stroock, a major player in commercial mortgage finance, will use...

January 8, 2001 NEW YORK – Scott Schaevitz has joined First Union Securities as a managing director and head of real estate advisory in the company's real estate investment banking division.Schaevitz, formerly head of real estate equity and...

January 8, 2001 NEW YORK – Fitch has withdrawn its ratings on Central Life Assurance's 1994-1. The notes have been paid in full and were terminated as of Dec. 15, 2000.

January 8, 2001 Hines to buy Atlanta Financial CenterReal Estate Finance & Investment, January 8ATLANTA – Hines Properties will buy the 885,000-square-foot Atlanta Financial Center for more than $160 million, or $181/sf. Tenants include, Robinson Humphrey and Sedgewick...

January 8, 2001 (NewsTraders.com) – Interstate Properties disclosed today in regulatory paperwork that it has lowered its equity stake in Insituform Technologies (Nasdaq:INSUA) to 3.7 percent from 5.3 percent and now controls 912,672 shares of the construction services...

January 8, 2001 NEW YORK – Rob Stiles, the founding managing director of Sonnenblick-Goldman Co.'s Asian operations, is joining the U.S. firm as a principal and managing director in its San Francisco office. Stiles, who is currently based...

January 8, 2001 JERSEY CITY, N.J. – Charles Schwab & Co. has fully preleased the Harborside Financial Center Plaza 10, a 575,000-square-foot Class-A office property being developed by a joint venture between Mack-Cali Realty Corp. (NYSE:CLI) and Columbia...

January 8, 2001 GERMANTOWN, Tenn. – Hilton Hotels Corp. has agreed to manage 16 Hilton-branded hotel properties for two years, including 15 Hampton Inns and one Homewood Suites by Hilton, owned by Equity Inns Inc. (NYSE:ENN).The properties were...

January 8, 2001 SAN FRANCISCO – BRE Properties Inc. (NYSE:BRE) has priced a $250 million offering of senior-term notes.The 10-year notes, which mature on Jan.15, 2011, were priced to yield 7.51 percent. They were issued at 99.582 percent...

January 5, 2001 Atlanta Financial center may have a buyerThe Atlanta Journal-Constitution, January 5BUCKHEAD, Ga. –GE Pension Trust and Hines are planning to buy the Atlanta Financial Buckhead. The three-building complex, located on Peachtree Road, is about 886,000...

January 5, 2001 GE Pension Trust and Hines are in talks to buy Atlanta Financial Center for $160 million to $175 million, or up to $197.50/sf., The Atlanta Journal-Constitution reported today.GE and Hines are said to be negotiating...

January 5, 2001 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterBear Stearns will co-lead manage the upcoming $1.2 billion commercial mortgage-backed securities conduit deal with Morgan Stanley.The transaction will include collateral originated by Wells Fargo, Principle...

January 5, 2001 ATLANTA – Alston & Bird LLP has named 13 new partners in its Atlanta office, among them are two in the law firm's real estate practice group.The two are Christina K. Braisted, who represents institutional...

January 5, 2001 AUSTIN, Texas – Stratus Properties Inc. (NYSE: STRS ) has established a $30 million credit facility with Comerica Bank.The facility, which matures in December 2002, will consist of a $20 million revolving line of credit...

January 5, 2001 ATLANTA – Gables Residential (NYSE:GBP) has sold 91 percent of its interests in three Tennessee apartment communities to a joint venture with CMS Companies, a Philadelphia investment banking firm, for $60 million.The properties are the...

January 5, 2001 NASHVILLE, Tenn. – A lending group led by Bank of America has expanded the revolving credit facility of Healthcare Realty Trust Inc. (NYSE:HR) to $300 million from $265 million.The expansion was done when UBS Warburg...

January 5, 2001 LAS VEGAS – As anticipated, Station Casinos Inc. (NYSE:STN) has closed on its $185 million purchase of the Fiesta Casino Hotel in North Las Vegas. The new owner plans to keep the property's Fiesta name...

January 5, 2001 Westbrook Partners has secured a $170 million loan for its purchase of a half interest in downtown Boston's One Beacon St.An unidentified offshore bank is providing the loan, which was arranged by Sonnenblick-Goldman Co., adviser...