February 26, 2002 DENVER – Apartment Investment and Management Co. (NYSE:AIV) has hired David Robertson to serve as executive vice president, head of affordable properties and as a member of its executive committee.The Denver-based REIT is increasing its...

February 26, 2002 WHITE PLAINS, N.Y. – MacKenzie Patterson Inc., a California real estate investment manager, has launched a mini-tender offer for up to 2.8 percent of Westin Hotels LP, whose sole asset is the Westin Michigan Avenue...

February 26, 2002 NEW YORK – Cohen & Steers Capital Management Inc. has completed pricing for the initial public offering of its Cohen & Steers Quality Income Realty Fund Inc.Cohen expects to raise about $510 million to $585...

February 26, 2002 WASHINGTON – Mandarin Oriental International Ltd. has agreed to develop a 400-unit luxury hotel that would be part of a mixed-use development in the southwest sector of Washington, D.C.Mandarin Oriental International will invest $19 million...

February 26, 2002 QUINCY, Mass. – A pension fund advised by Lend Lease Real Estate Investments Inc. has acquired 150 Newport Ave., a 119,000-square-foot office building in this suburb five miles south of Boston.Lend Lease did not disclose...

February 26, 2002 MEMPHIS, Tenn. – RFS Hotel Investors Inc. (NYSE:RFS) has sold $125 million of senior unsecured notes through a syndicate led by Credit Suisse First Boston and Banc of America Securities LLC.The notes, which were priced...

February 26, 2002 Commercial Real Estate Direct Staff ReportA portfolio of three grocery-anchored retail centers near Harrisburg, Pa., has hit the market with an asking price of $23.5 million, or about $117/sf.The three properties, which total 201,700 square...

February 26, 2002 Cushman & Wakefield's Asia Pacific and CapitaLand's asset services company, Premas International, have teamed to form a real estate services business in China.Existing subsidiaries of Cushman & Wakefield and Premas International in Shanghai will be...

February 26, 2002 CLEVELAND, Ohio – Boykin Lodging Co. (NYSE:BOY) has named Shereen P. Jones executive vice president and chief financial and investment officer, effective immediately.Jones will be responsible for capital raising as well as finance and investor...

February 26, 2002VANCOUVER – Del Cano Properties Trust, a Canadian firm, has completed its US$107.6 million sale of its real estate portfolio to Aspen Square Management Inc.Gross proceeds of the sale amount to an estimated US$7,202/share, after costs...

February 25, 2002 SARASOTA, Fla. – Wells REIT has paid $21.4 million, or nearly $136/sf, for a Class-A office building that is fully leased to Arthur Andersen Technology Solutions through October 2009.Arthur Andersen in 1999 completed the three-story...

February 25, 2002 DeBartolo bids on Tampa Bay CenterThe Business Journal of Tampa BayTAMPA – DeBartolo Property Group is making an offer to buy the 895,000-square-foot, two-level Tampa Bay Center mall from the Rouse Co. DeBartolo Property Group...

February 25, 2002GMAC Commercial Mortgage, among the biggest players in the commercial mortgage business, said it has stopped funding large loans on "trophy type" assets if they lack terrorism insurance.In what could be the first public admission that...

February 25, 2002 ATLANTA – Wells Real Estate Funds has added three senior real estate professionals as directors of acquisitions and dispositions.Clay Adams, Jeff Gilder and Joe Pangburn will be responsible for meeting the company's regional investment and...

February 25, 2002 Caisse buys another Montreal office trophyFinancial Post, February 23MONTREAL, Quebec – BCE Inc. has sold its head office in downtown to SITQ Immobilier, a subsidiary of the Caisse de depot et placement du Quebec. Terms...

February 25, 2002 STAMFORD, Conn. – GE Capital Real Estate has reorganized into three units to better manage recent and upcoming acquisitions.Security Capital, which GE Capital is in the process of buying, will form the core of its...

February 25, 2002 SANTA CLARA, Calif. – Prudential Real Estate Investors has bought Nortel Networks' new campus on behalf of investors in an open-ended commingled fund.Prudential acquired the 636,000-square-foot facility on Great America Boulevard through a development-leaseback transaction...

February 25, 2002 CANTON, Mass. – Liberty Properties has bought 25 John Road, a former pharmaceutical manufacturing facility in the Canton Commerce Center that the Boston-based real estate investment and management firm plans to reposition.Teva Pharmaceuticals sold the...

February 25, 2002 WASHINGTON – A joint venture of Polinger Development Co. and GE Investments has bought 601 New Jersey Ave. N.W., a recently completed downtown office building.Lowe Enterprises Mid-Atlantic last year hired the Washington office of Cassidy...

February 25, 2002 Commercial Real Estate Direct Staff ReportThe 11 REITs that reported earnings over the past week saw an average 9.59 percent decline in funds from operations for the 12 months ended Dec. 31, 2001.REITs that invest...

February 25, 2002 Commercial Real Estate Direct Staff ReportRodamco North America's liquidation plan has had a hiccup.The company has been forced to delay its shareholders' meeting, which was set for tomorrow, to allow a Dutch court to look...

February 22, 2002 LAKEWOOD, N.J. – Freddie Mac has provided $19.6 million of fixed-rate permanent financing for a 288-unit apartment property on 19.5 acres.Jon Mikula, senior director, and Jim Cadranell, associate director, of Holliday Fenoglio Fowler's Edison, N.J.,...

February 22, 2002 NEW YORK – Standard & Poor's raised its ratings on three classes of Lakewood Mall Finance Co., 1995-C1, due to the improved financial performance of the shopping center in Lakewood, Calif., its strong occupancy levels...

February 22, 2002 COLUMBIA, Md. – The Rouse Co. (NYSE:RSE) has elected Mary Catherine Bryant its newest vice president. Bryant will continue overseeing the operation of several regional shopping malls as group director in property operations.Bryant joined Rouse...

February 22, 2002 Capital Health may take space in Edmonton's Bay BuildingEdmonton JournalEDMONTON, Alberta – The Capital Health Authority is thinking about consolidating 1,000 administrative and information technology employees from six offices in the city to the old...