January 22, 2002 NEW HYDE PARK, N.Y. – Kimco Realty Corp. (NYSE:KIM) said it leases 75 stores to Kmart Corp., which filed for Chapter 11 bankruptcy protection this morning. As a result, the REIT said it was lowering...

January 22, 2002 ATLANTA – IRT Property Co. (NYSE:IRT) said it leases eight stores to Kmart Corp., which account for 4.5 percent of its annualized revenue.The REIT said the eight locations total 692,212 square feet and added that...

January 22, 2002NEW YORK – Standard & Poor's has assigned its triple-B rating to Regency Centers' (NYSE:REG) $250 million senior unsecured notes due 2012.The ratings reflect Regency's solid market position, geographically diverse and stable grocery-anchored portfolio, moderate leverage...

January 22, 2002 TORONTO – RioCan REIT (TSE:REI.UN) and Kimco Realty Corp. have agreed to each invest another C$100 million (US$62.2 million) in the joint venture they launched in August. RioCan and Kimco initially each committed to invest...

January 22, 2002 CHICAGO – Fitch has upgraded DLJ Mortgage Acceptance Corp.'s 1993-MF17 due to increased subordination levels. The ratings are as follows: the $10.4 million class A-2 was upgraded to triple-A from double-A; the $10.4 million class...

January 22, 2002 NEW YORK – Standard & Poor's has placed its double-A rating on the class A-3 notes of Conseco Commercial Mortgage Trust I 1989-1 on credit watch with negative implications as a result of its downgrades...

January 22, 2002 TORONTO – Royal LePage Commercial, CB Richard Ellis, Colliers International and JJ Barnicke Ltd. have formed Commercial Real Estate Exchange, a company that will develop by the end of the year a national database of...

January 22, 2002 Commercial Real Estate Direct Staff ReportClass-B office buildings in Cleveland, like the office component of Galleria at Erieview, which McKnight Development Corp. is buying, generally trade for $60/sf to $70/sf, according to area brokers. If...

January 18, 2002 AMB buys Atlanta industrial buildingATLANTA – AMB Property Corp. has purchased a 95,400-square-foot industrial building at 3635 Southside Industrial Parkway from John W. Rooker & Associates. Terms were not disclosed. Colliers Cauble represented AMB in...

January 18, 2002 VIENNA, Va. – New Boston Fund has purchased an eight-story, 173,000-square-foot, Class-B office building for $29.9 million.The building is at 1951 Kendall Drive at the intersection of Route 7 and the Capital Beltway. The structure...

January 18, 2002 CHICAGO – Fitch has twice in the past two weeks downgraded CNC Pass-Through Certificates, 1994-1, as a result of its downgrades of Kmart Corp.'s corporate rating. Even though the credit-tenant lease deal's collateral balance has...

January 18, 2002 FREMONT, Calf. – Fannie Mae has provided $53 million in permanent fixed-rate financing for the Mountain Vista Apartments owned by a joint venture between Pacific Property Co. and Essex Property Trust.The proceeds of the 10-year...

January 18, 2002 BEIJING – Jones Lang LaSalle has named David Hand to lead its Beijing office, effective Jan. 21. He will manage the firm's investor services division.Hand has been working for Jones Lang LaSalle in Hong Kong...

January 18, 2002 RioCan plans C$500Mln shopping spreeThe Financial Post TORONTO – RioCan plans to spend more than C$500 million (US$310 million) on retail acquisitions this year and bring as many as six new U.S.-based retailers into the...

January 18, 2002 CHICAGO – Storage USA (NYSE:SUS) and Security Capital Group Inc. (NYSE:SCZ) have settled several class-action lawsuitsThe suits were filed by shareholders of Storage USA against the company's directors and Security Capital in connection with a...

January 18, 2002 QUINCY, Mass. – The Stop & Shop Supermarket Co. has signed a letter of intent to purchase 27 Big V Supermarkets and other Big V assets for $255 million. Big V operates 31 supermarkets in...

January 18, 2002 DESOTO COUNTY, Miss. – Industrial Developments International has sold the Airways Distribution Center Building A to Cooper Lighting.The purchase price was not disclosed; however, industrial buildings around the same size in nearby Memphis are going...

January 18, 2002 GLENDALE, Calif. – PS Business Parks (AMEX:PSB) plans to raise $50 million from the sale of 2 million depositary shares at $25/share.Each share represents 1/1000 of a share of the REIT's 8.75 percent cumulative preferred...

January 18, 2002 JACKSONVILLE, Fla. – Regency Centers Corp. (NYSE:REG) has completed the sale of $250 million of 10-year senior unsecured notes.The 6.75 percent notes, due Jan. 15, 2012, are priced at 99.85 percent to yield 6.771 percent....

January 18, 2002 Rodamco North America NV has released a list of 35 properties being purchased by Westfield America Trust, Simon Property Group (NYSE:SPG) and Rouse Co. (NYSE:RSE) in a deal valued at $5.3 billion.The properties being sold...

January 18, 2002COLUMBIA, Md. – The Rouse Co. (NYSE:RSE) has entered into a currency hedge, putting a ceiling on its exposure to the euro, in regards to the purchase price for eight malls being acquired from Rodamco North...

January 17, 2002 ClassAmountAvg. LifePricedBenchmarkA236.73.5+34SwapsB2707.5+55SwapsC178.111.2+59SwapsZ76.117.95NANAIO761.259.63NA NA

January 17, 2002 NEW YORK – Standard & Poor's has downgraded Kmart Corp.'s credit rating to triple-C-minus from single-B-minus and, as a result, lowered the ratings of 14 Kmart-related lease-backed securitizations.Those lease deals, which rely on Kmart's ability...

January 17, 2002 Fla. developer buys warehouseTennesseanLA VERGNE, Tenn. – The Stiles Corp. of Fort Lauderdale, Fla., has purchased a 516,677-square-foot warehouse for about $14 million from Perrigo Co. Stiles plans to expand the warehouse to 770,000 sf...

January 17, 2002 HAGERSTOWN, Md. – Prime Retail has completed the sale of a 70 percent interest in the Prime Outlets at Hagerstown to its joint venture partner, an affiliate of Estein & Associates USA, for $23.5 million.Proceeds...