January 25, 2002 By Susanna Potter, Commercial Real Estate Direct Staff WriterAFL-CIO Building Investment Trust is paying $31.2 million, or about $143/sf, for three adjoining office buildings in the CenterPoint Corporate Park in Kent, Wash. The Trust is...

January 25, 2002 BINGHAM FARMS, Mich. – Malan Realty Investors (NYSE:MAL) said about 25 percent of its annual rents come from Kmart Corp. (NYSE:KM), which recently filed for Chapter 11 Bankruptcy protection.A total of 27 of Malan's properties...

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 Residential tower slated for Pompano Beach, Fla.Sun-SentinelPOMPANO BEACH, Fla. – City commissioners have given tentative zoning approval for a residential project. The Marquis – which would be at 1380 S. Ocean Blvd., the current site...

January 23, 2002 ATLANTA – IRT Property Co. (NYSE:IRT) is offering $25 million of 7.84 percent senior unsecured notes due Jan. 23, 2012.Proceeds will be used to redeem the company's convertible subordinated debentures due August 2003 and to...

January 23, 2002 Hammerson PLC has closed the sale of 54 Boulevard Haussmann, a recently redeveloped retail building in Paris' ninth district, for 167.7 million euros ($148.4 million).Hammeron, advised by Jones Lang LaSalle, agreed in the fall to...

January 23, 2002 NEW YORK – Fitch has assigned its triple-B-minus rating to PS Business Parks' (NYSE:PSB) $50 million 8.75 percent series F preferred stock offering.Fitch said PSB's conservative balance sheet and strong financial flexibility, along with its...

January 23, 2002 Kmart Corp., which filed for bankruptcy yesterday, has filed a motion to reject 335 leases at a court hearing yesterday afternoon.The news is no surprise, given that the talk among analysts was that Kmart could...

January 23, 2002 By Susanna Potter, Commercial Real Estate Direct Staff WriterArthur Anderson – the accounting giant embroiled in the Enron scandal – has assured Boston Properties that it will still take the 620,000 square feet it has...

January 23, 2002 DALLAS – Archon Financial has provided $28 million of fixed-rate financing for the Featherstone Industrial Park, a 14-building complex in Woodbridge, Va.The financing is comprised of cross-collateralized and cross-defaulted 10-year loans that have a 75...

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...