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...

January 17, 2002 NEW YORK – Sonnenblick-Goldman Co. has hired Constantino Argimon as principal and managing director. Argimon, who joins the real estate investment banking firm from DaimlerChrysler Capital Services, will work out of its New York headquarters,...

January 17, 2002 STATEN ISLAND, N.Y. – St. Marks Hamilton LLC has received a $22.8 million mortgage for its purchase of the four-story, 316-unit Seaview Estates apartment complex.The 10-year permanent loan carries a 30-year amortization schedule. The lender...

January 17, 2002 FREEHOLD, N.J. – Monmouth Real Estate Investment Corp. (Nasdaq:MNRTA) has promoted Cynthia J. Morgenstern to executive vice president.She will raise capital, purchase properties and obtain financing as well as deal with operational issues for the...

January 17, 2002 COLUMBIA, Md. – The Rouse Co. (NYSE:RSE) plans to raise $397.3 million by selling 14.5 million shares of common stock at $27.4/share to finance part of its share of the Rodamco North America purchase.Rouse is...

January 17, 2002 Commercial Real Estate Direct Staff ReportAn investment team involving Emmes & Co., an opportunistic real estate firm in New York, has agreed to sell 1,000 apartment units in the Bronx that had at one time...

January 17, 2002 NEW YORK – Moody's Investors Service has assigned a rating of Baa2 to the recent $150 million preferred stock issue of Public Storage Inc. (NYSE:PSA). Public Storage plans to use proceeds of the offering to...

January 17, 2002 Commercial Real Estate Direct Staff ReportPrime Group (NYSE:PGE) and Cousins Properties (NYSE:CUZ) and Boston Properties (NYSE:BXP) have substantial exposure to Arthur Andersen, auditor to the bankrupt Enron Corp., Wachovia Securities reported to its clients this...

January 17, 2002 SITQ Immobilier buys Toronto office complexTORONTO – SITQ Immobilier, through its subsidiary PenYork, has bought the York Mills Centre, a complex of four office buildings totaling 537,781 square feet near Highway 401. The Class-A complex...

January 17, 2002 NEW YORK – Cushman & Wakefield has promoted Kenneth Krasnow to senior managing director and named him head of transaction services for the firm's New York offices.Krasnow will manage leasing and sales transactions, including coordinating...

January 17, 2002Commercial Real Estate Direct Staff ReportPHILADELPHIA – A portfolio of three Class-B office buildings owned by a family of New York investors is now officially for sale, following a short period in which the owners tried...

January 17, 2002 Commercial Real Estate Direct Staff ReportLehman Brothers will start its new issuance for 2002 with a $1.5 billion conduit with partner UBS Warburg, sources said today. The deal should come to market next month.Lehman is...

January 17, 2002 SAN FRANCISCO – LoopNet has launched its AppraiserLoop division, which allows property appraisers to manage assignments.The unit is a partnership between the property listing company and the Appraisal Institute.The Appraisal Institute commercial database, the heart...

January 17, 2002 IRVINE, Calif. – Timeshare resort developer MPTV Inc. (OTC Bulletin Board:MPTT) is in final talks to raise $150 million of equity from H&B Group Ltd., a European institutional investor.MPTV said its wholly owned Lake Trop...

January 17, 2002 NEW YORK – Moody's Investors Service has placed the ratings of Rodamco North America and Simon Property Group (NYSE:SPG) on review for possible downgrades.The move stems from the agreement, by Simon, Westfield America and Rouse...

January 17, 2002 SEATTLE – Vulcan Inc., the investment firm formed by Microsoft co-founder Paul Allen, has hired Ada Healey, a portfolio manager at pension fund adviser Clarion Partners, as vice president of real estate.In her new post,...

January 17, 2002 CALGARY, Alberta – Canadian Real Estate Investment Trust (TSE:REF.UN) has paid just over C$17 million (US$10.5 million) for the Valleyfield Business Centre, an industrial property in southeast Calgary. The two-building complex has 224,000 square feet...

January 16, 2002 NEW YORK – Moody's Investors Service has confirmed its Baa3 rating for Times Square Hotel Trust, 8.523% Mortgage and Lease Amortizing Certificates – a transaction backed by a net lease on the W New York-Times...