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 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 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...

January 8, 2002 NEW ORLEANS – Entertainment Properties Trust (NYSE:EPR) has agreed to buy the assets and operations of Gulf States Theatres, a movie theater operator with five stadium-style megaplex theaters and 68 screens in the New Orleans...

January 8, 2002SEATTLE – Boeing Corp. has exercised its option to terminate a lease for 211,000 square feet at Kilroy Airport Center - Seatac, a 533,000-square-foot office property adjacent to the Seattle-Tacoma International Airport. Kilroy Realty Corp. (NYSE:KRC),...

January 8, 2002 CAMP HILL, Pa. – Morgan Stanley has provided Crown American Realty Trust (NYSE:CWN) with a $53.3 million fixed-rate mortgage secured by the Capital City Mall.The 10-year loan bears a 7.6 percent interest rate, with a...

January 8, 2002 A mortgage that GMAC Commercial provided for One Kendall Square in Cambridge, Mass., refinanced a $120 million mortgage that was assumed in the property's purchase last year. A story published today, "GMAC Provides $160Mln Financing...

January 8, 2002LANCASTER, Pa. – Freddie Mac has provided $14.6 million in fixed-rate financing for a 371-unit apartment community. Terms of the financing, which replaces existing debt on the property, were not disclosed. High Associates owns the Greenfield...

January 8, 2002 WASHINGTON – CarrAmerica Realty Corp. (NYSE:CRE) has priced $400 million of senior unsecured notes.The notes will bear a 7.125 percent interest and mature on Jan. 15, 2012.The notes are expected to be rated triple-B by...

January 8, 2002SAN FRANCISCO – Shuwa Investments of Tokyo has sold 500 Washington St., a 100,000-square-foot office building in the downtown for $30.39 million.The Public Policy Institute of California last month paid about $304/sf for the eight-story building,...

January 7, 2002 NEW YORK – Fitch, which has downgraded Kmart's corporate credit rating to single-B-plus from double-B-plus, has downgraded Kmart Corp. 1995 K-1 and 1995 K-2 to single-B-plus as well.The deals are backed by an assignment of...

January 7, 2002 Industry news: Fla. office building sold for $33.8MlnThe Miami HeraldBOCA RATON – Beacon Square has sold a 168,000-square-foot office building that sits on an 11.9-acre site at 8051 Congress Ave. for $33.8 million. Beacon Owner...

January 7, 2002 LOS ANGELES – CB Richard Ellis Investors LLC has raised and closed $300 million for its latest high-yield investment fund, the total capitalization of which is expected to be over $700 million.CB Richard Ellis Strategic...

January 7, 2002NEW YORK – Standard & Poor's has given ARCap REIT Inc. a ranking of average as a commercial mortgage special servicer.ARCap, one of a handful of players that focus on buying the first-loss classes of CMBS,...