January 25, 2002 Commercial Real Estate Direct Staff ReportJack Nowakowski, the head of mortgage research for the American Council of Life Insurers, is heading to the Pension Real Estate Association, where he will spearhead the development of a...

January 25, 2002 The joint venture formed between RioCan REIT (TSE:REI.UN) and Kimco Realty Corp. (NYSE:KIM) has acquired the Shawnessy Towne Centre in Calgary, Alberta, and has agreed to buy four more shopping centers. The venture paid C$48.1...

January 24, 2002 NEW YORK – New Plan Excel Realty Trust (NYSE:NXL) plans to raise $111.1 million from the sale of 6 million common shares priced at $18.52/unit.Proceeds will be used to pay a portion of the company's...

January 24, 2002 MIAMI – Ignacio Gomez has relocated to Jones Lang LaSalle's Miami office from the Sao Paulo, Brazil, office, where he has served for three years as director of project management for Latin America.Gomez will support...

January 24, 2002 NEW YORK – Standard & Poor's has placed its ratings on Crescent Real Estate Equities Co. and Crescent Real Estate Equities LP on credit watch with negative implications following uncertainty regarding the termination of an...

January 24, 2002 David S. Feder named president of Boca ResortsFORT LAUDERDALE, Fla. – David S. Feder has been promoted to president and chief operating officer of Boca Resorts. He will be responsible for all company operations. Previously,...

January 24, 2002 NEWTON, Mass. – Five Star Quality Care (AMEX:FVE) has agreed to buy five senior living communities for $45.5 million from an affiliate of ILM-II Senior Living.The communities contain 704 living units, consisting of 531 independent...

January 24, 2002 CN Tower lease calls for C$75Mln to develop landThe Financial PostTORONTO – TrizecHahn Corp., which is looking to sell its long-term lease on the CN Tower, will need to find a buyer willing to commit...

January 24, 2002 PLANO, Texas – Freddie Mac has provided $20.3 million in permanent financing for the purchase of a 364-unit Class-A apartment community.The 10-year fixed-rate loan has an interest rate of just over 7 percent and amortizes...

January 24, 2002 Class Amount Rating Moody's Credit Support (%) Avg. Life Price Talk Priced Benchmark A 178.6 40 Aaa 1.7 +40 area +38 Libor B 23.8 32 Aa2 2 +80 area +80 Libor C 16.4 26.5 A2...

TORONTO – H&R REIT has purchased a portfolio of 19 industrial properties in western Canada for about C$80 million (US$50.2 million) from Finning International.The transaction, which is expected to close in mid-February, will be leased back to Finning...

January 24, 2002 NOTE: Final pricing is scheduled for Friday, Jan. 25. Class Amount Sub. rate Rating S&P Rating Moody's Avg. Life Price Talk Benchmark A-1 146.4 22.5 AAA Aaa 5.7 +48-49 Swaps A-2 403.8 22.5 AAA Aaa...

January 24, 2002 By Susanna Potter, Commercial Real Estate Direct Staff WriterRREEF Funds has paid just over $40 million for a 772,094-square-foot industrial park in Kent, Wash.The Kent East Corporate Park was sold by New York Life Insurance...

January 24, 2002 LUTHERVILLE, Md. – Mid-Atlantic Realty Trust (NYSE:MRR) said it leases two stores to Kmart Corp. that total of 186,000 square feet, or less than 3.5 percent of its portfolio.The annual rent on the leases is...

January 23, 2002 UNIONDALE, N.Y. – Arbor Commercial Mortgage LLC has provided $36 million of fixed-rate financing for the Carriage Hill Apartments in Randallstown, Md.The 10-year loan amortizes over 30 years and carries a rate of 7.11 percent....

January 23, 2002 NCC sets sights on patch of Greenbelt for business parkThe Ottawa Citizen, January 22 OTTAWA – The National Capital Commission wants to rezone environmentally sensitive land near the airport so a commercial park can be...

January 23, 2002 FORT WORTH, Texas – Crescent Real Estate Equities Co. (NYSE:CEI) has terminated an agreement with Crescent Operating Inc. to purchase certain assets.The REIT had planned to buy hotel leases and residential development operations from its...

January 23, 2002COLUMBIA, Md. – Tranzon Fox is holding an on-site auction for a 68,887-square-foot office building at noon Wednesday, Feb. 20. The four-story Overlook Center sits on 6.8 acres at 5457 Twin Knolls Road.The property is close...

January 23, 2002 NEW YORK – W. P. Carey International has purchased a research and production facility in Turku, Finland, from PerkinElmer Inc. for $24.6 million.PerkinElmer, a high-tech company based in Boston, will continue to occupy the 282,609-square-foot...

January 23, 2002 TAMPA, Fla. – A group of real estate professionals in Tampa have formed Alliant Partners LLC to buy and develop apartments, hotels and restaurants as well as retail properties.The group is comprised of: Carlos J....

January 23, 2002 HOLLYWOOD, Fla. – GE Capital Access has provided $56 million in bridge financing for the purchase of a 551-unit multifamily development.Michael Kavanau and Barbara O'Donoghue of Holliday, Fenoglio, Fowler's Boca Raton office arranged the financing...

January 23, 2002 MADISON, Wis. – Marcus & Millichap has been awarded the exclusive listing to market a 256-unit garden-style apartment complex here for $12.4 million.The Woodlands Apartments and Trinity Park were built in 1969 on one of...

January 23, 2002 Commercial Real Estate Direct Staff ReportSources say that Credit Suisse First Boston's $297.6 million floating-rate CMBS deal (2002-FL1) will price tomorrow.The deal was launched today with price guidance for its $178.55 million triple-A class set...

January 23, 2002 Class Amount Rating Moody's Credit Support (%) Avg. Life Price Talk Benchmark A 178.6 40 Aaa 1.7 +40 area Libor B 23.8 32 Aa2 2 +80 area Libor C 16.4 26.5 A2 2.4 +130 area...

January 23, 2002 The Commercial Real Estate Direct fourth quarter earnings table has been updated. Click Here to view the updated table.Comments? E-mail