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 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, 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, 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 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,...

January 7, 2002 NEW YORK – Fitch has upgraded three classes of Diversified REIT Trust 1999-1 certificates due to increased subordination levels.The upgrades are as follows: the $31.1 million class B to double-A-plus from double-A; the $31.1 million...

January 7, 2002 LAS VEGAS – Deer Springs Apartment Homes, a new 272-unit apartment complex, has traded hands for its list price of $20.1 million, or about $73,757/unit.The sellers, Deer Spring Conough LLC and Big Sky Development Inc....

January 7, 2002 NEW YORK – Fitch has upgraded three classes of Diversified REIT Trust 2000-1 certificates due to increased subordination levels. The upgrades are as follows: the $18.1 million class B to double-A-plus from double-A; the $27...

January 7, 2002 CAMBRIDGE, Mass. – The Hamilton Co. has purchased a 40-unit apartment building for roughly $11.2 million from Davenport Apartment Holdings. The five-story Davenport Apartments are at 334-355 Franklin St. with monthly rates for a two-...

January 7, 2002 PORTLAND, Ore. – Insignia/ESG has hired Steven T. Klein as executive director and head of its local office.Klein, who will oversee all lines of business for the office, replaces Sonna Durdel, who has been on...

January 7, 2002 PORTLAND, Ore. – The Staubach Co. has hired Ron Dowhaniuk as regional director of its newly opened office. The office is at One World Trade Center at 121 S.W. Salmon St. Prior to joining Staubach,...

January 7, 2002 NEW YORK – Host Marriott Corp. (NYSE:MAR) has reopened its Marriott Financial Center hotel that sits just two blocks south of the World Trade Center site. The 504-key, full-service hotel, which was damaged during the...

January 7, 2002 NEW YORK – Fitch has downgraded Kmart Funding Corp.'s secured lease bonds as a result of its recent downgrade of the retailer's corporate credit rating. The rating agency downgraded the deal's $96.6 million series F...

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 4, 2002 DALLAS – Capital Senior Living Corp. (NYSE:CSU) has joined forces with Blackstone Real Estate Advisors to buy more than $200 million of senior housing properties.Blackstone will have a 90 percent stake in the partnership, with...

January 4, 2002 Army to double size of Disney World hotelOrlando (Fla.) SentinelORLANDO, Fla. – The U.S. Army is planning to double the size of Shades of Green, its 287-room hotel at Walt Disney World, in a $50...

January 4, 2002 Donald Trump's ownership involvement in New York's Empire State Building might soon be coming to an end. A report in today's Daily News says Trump is close to a deal to sell the interest he...

January 4, 2002 RICHMOND, Va. – United Dominion Realty Trust Inc. (NYSE:UDR) has acquired, for $46 million, the 75 percent interest that Credit Suisse First Boston held in three recently completed apartment complexes, with 794 units.United Dominion and...

January 4, 2002 CHARLOTTE, N.C. – Koger Equity Inc. (NYSE:KE) has taken full ownership of the Vanguard Centre, a 525,000-square-foot office complex, by buying out its partners for $16.5 million.Koger was the general partner of Koger-Vanguard Partners LP,...

January 4, 2002 DALLAS – Freddie Mac provided $30.1 million in permanent, fixed-rate financing for the Park at Turtle Creek Apartments.The 10-year mortgage amortizes over 30 years.The Finger Cos. of Houston owns the 305-unit, Class-A garden apartment complex...

January 4, 2002 ANNAPOLIS, Md. – Occupancy rates for assisted-living facilities were 85.5 percent in the third quarter, virtually unchanged from the second – an indicator that the asset class might have bottomed out.According to the National Investment...