February 7, 2002 Cousins negotiating for mixed-use projectThe Atlanta Journal-ConstitutionATLANTA – Cousins Properties is negotiating to buy Ridenour, Stephen Macauley's proposed mixed-use project in Cobb County. Plans for the 88-acre project include homes, retail and office space. So...

February 7, 2002 CHICAGO – A bankruptcy auction has been set for March 8 for the former March First Corporate Campus that was being constructed in the city's West Loop section.Millennium Properties Inc. will market the property, which...

February 7, 2002 MEMPHIS, Tenn. – RFS Partnership LP, an operating partnership of RFS Hotel Investors Inc. (NYSE:RFS), intends to offer $125 million of senior notes that will be unconditionally guaranteed by the hotel REIT and certain of...

February 7, 2002 Accountants, under fire as a result of the Enron bankruptcy, are becoming ever more cautious. Even in the real estate business. According to a report in today's Wall Street Journal, Cornell Cos., a private prison...

February 7, 2002 WASHINGTON – MeriStar Hospitality Corp. (NYSE:MHX) has sold $200 million senior, unsecured notes. The 9.125 percent senior notes are an add-on to the hotel REIT's existing $200 million in senior notes due in January 2011....

February 7, 2002 NEW YORK – Acadia Realty Trust (NYSE:AKR) will purchase roughly 5.5 million of its shares for $33.4 million, or $6.05 per unit. As a result of the purchase, Acadia will have about 25 million common...

February 7, 2002 TGS buys Alberta office buildingEDMONTON, Alberta – TGS Properties Ltd. has paid C$9.25 million (US$5.8 million) for a 12-story office building, the purchase of which will be financed through a combination of cash and mortgage...

February 6, 2002 HORSHAM, Pa. – GMAC Commercial Mortgage Corp. has acquired the Proctor Group II and Proctor Mortgage Services.Terms of the transaction were not disclosed.Proctor, which primarily originates and services commercial real estate loans for correspondent lenders...

February 6, 2002 NEW YORK – Standard & Poor's has given Brookfield Properties Corp. (NYSE:BPO) an issuer credit rating of triple-B.But the rating agency cautioned that if Brookfield were to issue unsecured notes, those would be notched by...

February 6, 2002 NEW YORK – Fitch Ratings has upgraded GMAC Commercial Mortgage Securities Inc., 2000-FL-A, because of improved subordination levels stemming from loan payoffs.The rating agency upgraded the deal's $18.6 million class B to double-A-plus from double-A...

February 6, 2002 The Commercial Real Estate Direct fourth quarter earnings table has been updated.Click Here to view the updated table.Comments? E-mail

February 6, 2002 BALTIMORE – Prime Retail Inc. has negotiated a modification to a mezzanine loan it received in 2000 from Fortress Investment Fund LLC and Greenwich Capital Financial Products Inc.The mezzanine loan, which had a balance of...

February 6, 2002 Hecht's plans store in Green Hills, Tenn.TennesseanGREEN HILLS, Tenn. – Hecht's Department Stores plans a store at the Mall at Green Hills, with an expected opening in August 2004. The three-story store, with about 180,000...

February 6, 2002 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (NYSE:KTR) has shifted its chief financial officer to a position created to explore joint venture and partnering opportunities.Timothy A. Peterson has been named executive vice president of corporate...

February 5, 2002 CHICAGO – General Growth Properties Inc. (NYSE:GGP) has filed with the SEC to sell up to $2 billion of securities to the public.The Chicago-based mall REIT does not have any plans to issue securities through...

February 5, 2002 ATLANTA – JDN Realty Corp. (NYSE:JDN), which was hammered two years ago after it was forced to restate earnings for 1994 through 1998, said it has tapped its financial adviser to "review strategic and financing...

February 5, 2002 NEW YORK – Fitch Ratings has upgraded four classes of American Southwest Financial Securities Corp.'s 1995-C1 because of an increase in subordination levels due to loan payoffs and amortization.Both the $14.6 million class B-1 and...

February 5, 2002 KANSAS CITY, Mo. – Entertainment Properties Trust (NYSE:EPR) has sold 2 million common shares in a public offering priced at $19.25/share. The company plans to use the $37.5 million of net cash proceeds to fund...

February 5, 2002 PORT WASHINGTON, N.Y. – Homburg Invest Inc., a Canadian investment firm, has acquired 150,000 shares, or almost 22 percent, of Cedar Income Fund Ltd. (Nasdaq:CEDR).Frank Matheson, secretary of Homburg Invest and the president and chief...

February 5, 2002 NEW YORK – Standard & Poor's has endorsed a recommendation by the CMBS Loan Integrity Task Force – a unit of the joint Commercial Mortgage Securities Association/Mortgage Banking Association – that mortgage underwriters adopt a...

February 5, 2002 PARAMUS, N.J. – Vornado Realty Trust (NYSE:VNO) has named Sandeep Mathrani executive vice president for the retail real estate division, a position in which he will have responsibility for all of Vornado's retail real estate...

February 5, 2002 A group established to set standards for the commercial mortgage industry has inventoried the various data elements used in the origination of mortgages and has published a draft of its data dictionary.The group, the Mortgage...

February 5, 2002 NEW YORK – Standard & Poor's will hold a telephone conference call on Thursday, Feb. 7, to discuss the rating transition performance of the CMBS market in 2001, which the agency says "was outstanding, with...

February 5, 2002 Gary R. Bechtel has rejoined Johnson Capital as a managing director.Based in the firm's Irvine, Calif., office, Bechtel will be involved in the company's strategic initiatives and lender relations.Bechtel was most recently with Finova Realty...

February 5, 2002 WASHINGTON – A new corner office building in Washington, D.C.'s East End has traded hands for an estimated $13 million, or $380/sf.Hillel: The Foundation for Jewish Campus Life bought the 34,195-square-foot building at 800 Eighth...