January 10, 2002 Cobb office building no longer in plans for GE Power SystemsAtlanta Journal-ConstitutionATLANTA – GE Power Systems will not go ahead with plans for an office building at Wildwood Office Park, home of its headquarters. A...

January 10, 2002 LA HABRA, Calif. – Voit Development Co. of Woodland Hills, Calif., plans to redevelop the 22-acre site where the defunct Friendly Hills Medical Group and La Habra Hospital once stood.Voit acquired the property from Friendly...

January 10, 2002PINOLE, Calif. – Continental Wingate Capital has provided $12 million through its Wingate Direct conduit program for a Class-B-plus retail center as well as $10 million for an apartment complex in Union City.The 10-year, fixed-rate financing...

January 9, 2002 NEW YORK – W.P. Carey & Co. (NYSE:WPC) has purchased three distribution facilities totaling 389,000 square feet for $13 million. The properties, in Cincinnati, Elkwood, Va., and Norcross, Ga., were purchased from Builders FirstSource Inc.,...

January 9, 2002 BOCA RATON, Fla. – Koger Equity (NYSE:KE) has closed on a $125 million secured revolving credit facility with Fleet National Bank. The three-year credit facility matures Dec. 27, 2004. Koger plans to draw upon the...

January 9, 2002 RALEIGH, N.C. – Winston Hotels (NYSE:WXH) has received $125 million credit line from a syndicate of banks led by Wachovia.The three-year, floating credit facility, which is secured by 28 hotel properties, replaces a $140 million...

January 9, 2002Teachers Insurance and Annuity Association has purchased a 540,000-square-foot office complex in Wilton, Conn., here from Louis-Dreyfus Property.The purchase price of the complex, which sits on 60 acres at 10-20 Westport Rd., was not disclosed, but...

January 9, 2002 CLAYTON, N.C. – LaSalle National Bank has provided $9 million of fixed-rate financing for a 136-unit apartment community.The 10-year financing was arranged by Robert Delitsky of Holliday Fenoglio Fowler on behalf of the developers, the...

January 9, 2002 STOCKTON, Calif. – A partnership between Sares-Regis Multifamily Housing Group and Citibank has sold the 158-unit Grouse Run Apartments for nearly $10.5 million, or $63,608/unit, to E.J. Williams Co.The Class-A complex at 4738 Grouse Run...

January 9, 2002 Developers Diversified Realty (NYSE:DDR) said Kmart Corp. does not plan on closing any of its stores at shopping centers that the Cleveland REIT owns."We are in close communications with Kmart and have confirmed the profitability...

January 9, 2002 HORSHAM, Pa. – GMAC Institutional Advisors has named Paula D'Imperio as vice president.She will coordinate information and proposal requests from the company's institutional clients in all types of real estate through a range of debt,...

January 9, 2002 LAS VEGAS – Arbor Commercial Mortgage LLC has provided $13.2 million of Fannie Mae financing for the Island Club apartments, a 409-unit complex. The 10-year mortgage amortizes over 30 years and carries a rate of...

January 9, 2002 ST. LOUIS – Adam's Mark Hotels & Resorts has cancelled an agreement to sell six hotel properties to Columbia Sussex Corp.Fred S. Kummer, Adam's Mark president and chief executive officer, said a contract to sell...

January 9, 2002 CHICAGO – Fitch has lowered its rating on Hilton Hotel Corp.'s (NYSE:HLT) senior unsecured notes, senior subordinated notes, and commercial paper due to the slowing economy and the Sept. 11 attacks. The senior unsecured notes...

January 9, 2002 JACKSON, Miss. – EastGroup Properties (NYSE:EGP) has received a $175 million unsecured revolving credit facility with a group of 10 banks led by PNC Bank.The interest rate on the three-year facility is based on the...

January 9, 2002 Orlando hotels have largest share of troubled loansORLANDO, Fla. – Orlando has the largest share of troubled hotel loans, about one quarter of the total. Of the hotel loans tracked by Standard & Poor's, only...

January 9, 2002 Microsoft Corp. (Nasdaq:MSFT) has selected Jones Lang LaSalle (NYSE:JLL) as its preferred worldwide provider of real estate transaction and project management services. The new assignment, which does not include Microsoft's corporate headquarters in the greater...

January 8, 2002 Developers Diversified Realty (NYSE:DDR) has contracted to buy two retail properties in California from Burnham Pacific Properties Inc. (NYSE:BPP) for $65.4 million.The Cleveland, Ohio, REIT is buying the 123,000-square-foot retail component of 1000 Van Ness,...

January 8, 2002 UNIONDALE, N.Y. – Arbor Commercial Mortgage LLC has provided $13.2 million of financing under Fannie Mae's delegated underwriting and servicing program for a pair of Salt Lake County, Utah, apartment complexes with a total of...

January 8, 2002NEW YORK – Fitch has affirmed the ratings of Malan Mortgage Securities Trust, 1995-A, a CMBS issue that has a substantial exposure to Kmart Corp.The transaction has a current balance of $57.9 million. The collateral pool...

January 8, 2002GREAT NECK, N.Y. – Quality Stores Inc. has hired Atlas Partners LLC, CB Richard Ellis and Keen Realty LLC to dispose of 47 excess retail locations. The assets consist of 25 properties that are leased, so...

January 8, 2002 Former Hollywood Mall sold to Ross for $33MlnSouth Florida Business JournalHOLLYWOOD, Fla. – Ross Realty Investments has purchased the former Hollywood Mall from Swerdlow Real Estate Group for $33 million. The 364,000-square-foot center sits on...

January 8, 2002 CHARLOTTE – RainMaker Financial Affiliates has signed an agreement effectively adopting MortgageRamp's DealCentral online mortgage underwriting platform. Under the agreement, members of the Rainmaker network, which is comprised of some 1,300 lenders across the country,...

January 8, 2002 Summit, RioCan returns lead strong year; CIBC index gains 27.7% in 2001Financial PostTORONTO – At the top end of the REIT spectrum, investors received 40 percent total returns in 2001 if they had their money...

January 8, 2002 ATLANTA – Koger Equity Inc. (NYSE:KE) has agreed to pay $125 million for Three Ravinia Drive, a trophy office tower in the city's Central Perimeter submarket.The Boca Raton, Fla., REIT is paying all cash for...