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 13, 2002 UBS Warburg Real Estate Investments Inc. has provided $14.5 million of financing for three office buildings in Lexington Park, Md.UBS Warburg provided three cross-collateralized and cross-defaulted loans on the buildings, Exploration VI, Expedition II and...

February 13, 2002 Commercial Real Estate Direct Staff ReportWachovia Securities is making a big pitch to help make CMBS deals in which it was involved as an underwriter or lender trade easier.The firm's CMBS research group, headed by...

February 13, 2002 BEVERLY HILLS, Calif. – Kennedy-Wilson Japan (Nasdaq:KWIC) plans to offer for sale 4,500 shares through an initial public offering on Feb. 19 on Nasdaq Japan.Shares have been priced at 440,000 yen ($3,300), for a total...

February 13, 2002SEATTLE – Emeritus Assisted Living (AMEX:ESC) has secured $30.5 million in mortgage financing for three properties.GE Capital Healthcare Financial Services provided the two-year, floating-rate debt, which has a one-year extension option.Emeritus said the new loan reduces...

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 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,"...

February 12, 2002 Rodamco North America NV has set Feb. 26 as the date for shareholders to vote on the Dutch company's decision to liquidate via a $5.3 billion property sale.The company agreed last month to sell its...

February 12, 2002 NEWARK, N.J. – Wachovia Securities has provided an $80 million floating-rate loan to the buyer of Two Gateway, an office building in Newark, N.J.'s Gateway Center complex.The buyer, American Landmark Properties, used the proceeds from...

February 12, 2002 NEW YORK – Fitch has downgraded two classes of Merrill Lynch Mortgage Investors, 1998-C1-CTL, and placed the classes on rating watch negative, due to the number of loans of concern in the deal including mortgages...

February 12, 2002 Class Amount Sub. rate Rating Fitch Rating S&P Rating Moody's Avg. Life Price Talk (bps) Benchmark A1 305 26.5 AAA AAA Aaa 1.48 +37-38 Libor A2 302.4 26.5 AAA AAA Aaa 2.63 +47-48 Libor B...

February 12, 2002 NEWPORT BEACH, Calif. – Nationwide Health Properties (NYSE:NHP) has named David M. Boitano as vice president of development.Boitano, who will be based in the state of Washington, will be responsible for acquisition and new business...

February 12, 2002 ATLANTA – Six Continents Hotels Inc. has named Chris Ward vice president of strategy and a member of the Americas management committee. Ward will develop and implement the company's regional five-year plan and support its...

February 12, 2002 DENVER – Tarragon Realty Investors Inc. (Nasdaq:TARR) has closed on the sale of the Villages at Gateway for $33.2 million to Bridge Partners of Salt Lake City, Utah.The 768-unit property at 4515 Tulsa Court was...

February 12, 2002 CLEVELAND – KeyCorp (NYSE:KEY) has named Thomas W. Bunn senior executive vice president of Key Corporate Finance.Bunn replaces James S. Bingay, who announced his retirement last year but agreed to stay on until his successor...

February 12, 2002 Commercial Real Estate Direct Staff ReportA $734.2 million Fannie Mae Multifamily Assured Scheduled Payment Trust (MAST) deal now in the market is due to price early this afternoon, market sources say.Credit Suisse First Boston and...

February 12, 2002 Class Amount Rating S&P Rating Fitch Rating Moody's Avg. Life Price Talk Benchmark A 212.6 AAA AAA Aaa 2.8 +60 area Libor B 62.4 AA AA Aa2 2.8 +90-100 Libor C 63 A A A2...