January 30, 2002 LONDON – Deutsche Bank has named Nick Jacobson managing director and head of European real estate investment banking within its global corporate finance division. Based in London, Jacobson will also have day-to-day management oversight for...

January 30, 2002AMB Property LP has priced $20 million senior unsecured medium-term notes that mature on Jan. 17, 2007.Proceeds of $19.9 million will be used for general corporate purposes, which may include paying down debt as well as...

January 30, 2002 Weingarten Realty Investors has priced $35 million of senior unsecured medium-term notes that mature on Jan. 15, 2014.Goldman Sachs is underwriting the deal.Comments? E-mail

January 30, 2002 Commercial Real Estate Direct Staff ReportRreef Funds has bought a 420-unit apartment complex in Mukilteo, Wash., outside Seattle.While terms of the sale, which closed last month, could not be learned, the property had a market...

January 30, 2002 DENVER – ProLogis (NYSE:PLD) is in various stages of negotiations to sell more than $400 million of its cold storage facilities throughout Europe and North America. The Denver-based company said that the pending sales, combined...

January 30, 2002 NEW YORK – Precept Corp. has decided to defer charging any fees for taking mortgages through the underwriting process until those loans find lenders.The move is clearly aimed at spurring the use of its mortgage-underwriting...

January 29, 2002 NEW YORK – Fitch Ratings has assigned GEMSA Loan Services LP a master servicer rating of CMS1-minus and a primary servicer rating of CPS1.GEMSA is the result of a merger that closed in August between...

January 29, 2002 BALLANTYNE, N.C. – AmSouth Bank will provide Roberts Realty Investors Inc. (AMEX:RPI) with a $24 million construction/permanent loan, which the REIT will use to finance a 319-unit apartment complex.Atlanta-based Roberts Realty expects that the loan...

January 29, 2002 Commercial Real Estate Direct Staff ReportBear Stearns is in the market with a $400 million CMBS transaction that is financing Blackstone Realty Advisors' purchase of the Homestead Studio Suites portfolio from Security Capital Corp.The deal,...

January 29, 2002 NEW YORK – ARCap Special Servicing Inc. has received Fitch Ratings' CSS2-minus rating as a special servicer.The rating comes just weeks after ARCap received an average rating from Standard & Poor's. Fitch rates servicers on...

January 29, 2002 NEW YORK – Standard & Poor's has placed its double-A rating on class A-3 of Conseco Commercial Mortgage Trust I's 1989-1 on credit watch with negative implications, due to the transaction's exposure to Kmart, which...

January 29, 2002 Park Knoll Apartments in Marietta acquiredThe Atlanta Journal-Constitution MARIETTA, Ga. – Shelter Group of Baltimore has purchased Park Knoll Apartments, a 484-unit complex on Delk Road, for $36.2 million. It renamed the 18-year-old complex the...

January 29, 2002 Rodamco North America NV has sold all of the shares it owned in Abbey Properties LLC back to the Orange County, Calif.-based commercial real estate firm for $90 million – $70 million in cash and...

January 29, 2002 The Commercial Real Estate Direct fourth quarter earnings table has been updated.Click here to view the updated table.Comments? E-mail Christina Caprio, or call her at (215) 504-4288, Ext. 214.

January 29, 2002 BENSALEM, Pa. – Charming Shoppes Inc. – a retail chain that operates Fashion Bug, Added Dimensions and Lane Bryant stores – plans to close 130 underperforming Fashion Bug outlets and shutter its Added Dimensions brand...

January 29, 2002 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterCredit Suisse First Boston has "upsized" its recent $350 million offering of Ginnie Mae loans, more than doubling the transaction to $761.25 million.From the outset, CSFB...

January 29, 2002 Capital & Regional PLC, a London-based retail property owner, and Morley Fund Management Limited, the U.K.-based asset management arm of insurer CGNU, are teaming to form a shopping mall fund whose initial properties are valued...

January 28, 2002 WASHINGTON – LCOR has signed a 99-year ground lease with the National City Christian Church Foundation, with plans to build a downtown $38 million luxury high-rise apartment building on the site.The project will be built...

January 28, 2002 ATLANTA – IRT Property Co. (NYSE:IRT) has redeemed all of its outstanding 7.3 percent convertible subordinated debentures due 2003 for $23.1 million.Prior to redemption, 165 bonds were converted into 14,159 shares of IRT Property common...

January 28, 2002 CHICAGO – Prudential Mortgage Capital Co. has named Irene Rundblom as regional underwriting manager.She will be responsible for the central region of the company's capital markets and closing group.Before joining Prudential, Rundblom was a senior...

January 28, 2002 Plazacorp looking at REIT structureFREDERICTON, New Brunswick – Plazacorp Retail Properties Ltd. (CDNX:PLZ) is considering a conversion to a REIT structure. Plazacorp owns interest in 24 malls and strip plazas totaling 1.8 million square feet...

January 28, 2002 The New York State Teachers' Retirement System has committed to invest $100 million in two real estate related investment funds and renewed its contracts with two CMBS asset managers.At a board meeting last week, the...

January 28, 2002 TORONTO – Summit REIT (TSE:SMU.UN) has agreed to buy a portfolio of 110 light industrial/flex properties encompassing more than 8.2 million square feet from Aquest REIT, which is co-owned by Oxford Properties Group and GE...

January 28, 2002 NEW YORK – Fitch has affirmed two CMBS deals backed in part by Lodgian properties, after reviewing the transactions because the hotel owner and operator filed for Chapter 11 Bankruptcy protection.The ratings for the following...

January 28, 2002 Commercial Real Estate Direct Staff ReportNEW YORK – CapitalThinking Inc. has raised a $9 million of equity from investors led by Canaan Partners, a Connecticut venture-capital firm.The $9 million brings to $35 million the total...