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...

January 28, 2002 ATLANTA – Cousins Properties Inc. (NYSE:CUZ) has named Thomas D. Bell Jr. president and chief executive officer of the company effective immediately. Bell had previously served as the REIT's vice chairman of the board of...

January 28, 2002 Salomon provides $11.2Mln for Ga. retail centerLAWRENCEVILLE, Ga. – Salmon Smith Barney has provided $11.2 million of financing for the Springfield Park retail center. John Farrell of L.J. Melody's Atlanta office arranged the funding for...

January 25, 2002NEW YORK – Fitch has placed three classes of Asset Securitization Corp., 1995-MD IV, on Rating Watch Negative, while affirming the deal's remaining classes.The rating action was prompted by weak performance of thee hotel loans in...

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 25, 2002 Post selling Tampa apartment complexAtlanta Journal-ConstitutionTAMPA BAY, Fla. – Post Properties has put the Post Village apartment complex up for sale with an asking price of $59 million. The REIT has hired CB Richard Ellis...

January 25, 2002 CHIP REIT President/CEO resignsVANCOUVER, British Columbia – Stephen Bellringer, president and chief executive officer of Canadian Hotel Income Properties REIT, is resigning effective March 1. Minaz Abji, currently executive vice president and chief operating officer,...

January 25, 2002 UNIONDALE, N.Y. – Arbor Commercial Mortgage LLC has provided $11.7 million of financing under a Federal Housing Administration program for the construction of Briarcliff Apartments, a 120-unit complex in Kansas City, Mo.Briarcliff Apartments will be...

January 25, 2002 NEW YORK – Clarion Development Ventures, a Clarion Partners investment vehicle, has formed a venture with Trammell Crow Residential to develop Alexan Faircrest, a 400-unit apartment complex in Fairfax County, Va.The development, which will cost...

January 25, 2002 NEW YORK – Fitch has upgraded five classes of Commercial Mortgage Acceptance Corp., 1996-C2, because of loan pay offs.The rating agency upgraded the deal's – $15.3 million class C to triple-A from double-A-plus, – $14.8...

January 25, 2002 MCLEAN, Va. – Capital Automotive REIT (NYSE:CARS) has signed a letter of intent to buy 14 automotive properties valued at roughly $80 million from Sonic Automotive (NYSE:SAH).The properties are in seven states, consisting of Colorado,...

January 25, 2002 Class Amount Sub. rate Rating S&P Rating Moody's Avg. Life Price Talk Final Pricing Bench mark A-1 146.4 22.5 AAA Aaa 5.7 +48-49 +49 Swaps A-2 403.8 22.5 AAA Aaa 9.5 +49 area +49 Swaps...

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 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 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 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...