February 13, 2002 WASHINGTON – In a broad effort to convince Congress that the country needs federal help in insuring against losses stemming from terrorist attacks, 26 trade organizations have formed a group to address the issue with...

February 13, 2002 NEW YORK – Fitch Ratings has put nine CMBS deal on its rating watch-negative list because of their relatively high exposure to Kmart Corp.Those deals, their Kmart exposures, and the classes that were placed on...

February 13, 2002 Former WJXX TV-25 building sold for $2.5MlnJacksonville (Fla.) Times-UnionJACKSONVILLE, Fla. – A highly visible building on Butler Boulevard that was once the home to a television station was recently sold to an undisclosed investor group...

February 13, 2002 NEW YORK – Fitch has upgraded CDC Depositor Trust 1998-ST I due to increased subordination levels as a result of pay offs and $125.7 million of over-collateralization.The upgrades are as follow: the $214.2 million classes...

February 13, 2002 MOUNTAIN VIEW, Calif. – Sares-Regis Group has paid $9.5 million, or about $158,333/unit, for a 60-unit, Class-B complex at 2124 Rock St. in this community in the heart of Silicon Valley.Steve Seligman, vice president/investments in...

February 13, 2002 NEW YORK – Fitch Ratings has assigned its triple-B-plus rating to Archstone-Smith's (NYSE:ASN) $200 senior unsecured notes. The outlook is stable.The 10-year notes were priced at 6.5 percent. Proceeds will reduce the multifamily REIT's balance...

February 13, 2002 LANDSDOWNE, Pa. – Home Properties has sold five apartment communities for $11.7 million to an affiliate of the Atlantic Cos.The properties, which total 288 units, sold are: Karen Court, Landon Court, Marshall Court, Patricia Court...

February 13, 2002CHICAGO – Equity Office Properties Trust (NYSE:EOP) has floated $500 million of senior notes due 2012.The notes were priced at 180 basis points over Treasurys, yielding 6.75 percent.Proceeds were used to retire a $260 million note...

February 13, 2002 FLORHAM PARK, N.J. – Gale & Wentworth has renewed its long-standing relationship with the Morgan Stanley Real Estate Funds. Gale & Wentworth, a powerhouse real estate firm in Northern New Jersey, also changed its name...

February 13, 2002 David Weil, the long-time co-head of Credit Suisse First Boston's opportunity fund, has left the firm. Details surrounding Weil's departure, which was first reported by Real Estate Alert this morning, could not be learned. A...

February 12, 2002 TEMPE, Ariz. – Mobile Mini (Nadaq:MINI) has received a five-year, $250 million revolving credit line from a group of lenders led by Fleet Capital Corp.The facility replaces an existing line comprised of a $160 million...

February 12, 2002 ROCKVILLE, Md. – Butera Properties yesterday closed on its purchase of The Campus at Metro Park North, a newly constructed office campus consisting of four single-story office buildings.Butera paid $30.4 million, or about $160/sf, to...

February 12, 2002 WCI completes purchase of Marco Shores Country Club in Naples, Fla.NAPLES, Fla. – WCI Communities has closed on its purchase of the Marco Shores Country Club from Johnson Bay Development Corp. for an undisclosed sum....

February 12, 2002ATLANTA – Koger Equity Inc. (NYSE:KE) has closed on its purchase of Three Ravinia Drive for $125 million.The Boca Raton, Fla., REIT paid Ravinia Three Associates LP – a venture between the Dutch Shell Pension Fund...

February 12, 2002 CHIP REIT to buy 453-unit hotel in MontrealMONTREAL – Canadian Hotel Income Properties REIT has agreed to buy the Delta Montreal, a 453-unit hotel in the central business district for about C$48 million (US$30.2 million)....

February 12, 2002 HYANNIS, Mass. – Excel Switching, a subsidiary of Lucent Technologies, has sold and leased back most of the space in a 185,039-square-foot high-tech campus.The technology company sold the three-building complex at 255 Independence Drive to...

February 12, 2002 SANTA MONICA, Calif. – National Golf Properties (NYSE:TEE) is in discussions with its primary tenant, American Golf Corp., regarding a possible merger.National Golf, which is evaluating restructuring alternatives, has reached a forbearance agreement with its...

February 12, 2002 NEW YORK – Five lease-backed deals involving Kmart Corp. have been repaid.The five deals involved mortgages on properties leased to former Kmart units – Office Max, Borders Inc. and Sports Authority Inc. Those deals included...

February 12, 2002 NOTE: Click here for underwriter information and other details on this transaction. Class Amount Rating Avg. Life Priced Benchmark A 103.5 FNMA 5.48 +10 Swaps B 630.7 FNMA 9.82 +17 Swaps IO* 734.2 FNMA 9.21...

February 12, 2002 ST. LOUIS – Magellan Health Services Inc. has signed a lease for 268,000 square feet at the Riverport Commons in suburban Maryland Heights.The lease, valued at $35 million, allows the managed health care firm to...

February 12, 2002 NEW YORK – W. P. Carey & Co. (NYSE:WPC) has acquired four schools from Lincoln Technical Institute, which is leasing the properties back.The $10.1 million transaction calls for Lincoln to lease the four facilities under...

February 12, 2002 Class Amount Sub. Rate (%) Rating S&P Rating Moody's Avg. Life Price Talk Benchmark A-1 131.1 22.88 AAA Aaa 5 +49 area Swaps A-2 430.67 22.88 AAA Aaa 10 +49 area Swaps B 26.4 19.25...

February 12, 2002 The Commercial Real Estate Direct fourth quarter earnings table has been updated.Click here to view the updated table.Comments? E-mail

February 12, 2002 Goldman Sachs is the lead manager and book runner on this transaction. Banc of America Securities, Deutsche Bank and Lehman Brothers are co-managers. The issuer is CalWest Industrial Properties, a joint venture between Rreef Funds...

February 12, 2002 Commercial Real Estate Direct Staff ReportATLANTA – Cousins Properties' (NYSE:CUZ) said this week that an increase in property insurance premiums, particularly for terrorism coverage, will not significantly affect its financial results."The costs are still reasonable,"...