December 28, 2001 POWAY, Calif. – Lexington Realty Advisors Inc. has bought the headquarters of Gateway Inc. in this city outside San Diego, Calif., on behalf of a private investment fund. The advisory firm, an affiliate of Lexington...

December 28, 2001 NEW YORK – Chris Kinum, a partner of the Garibaldi Group, a New Jersey brokerage firm, has been named senior managing director and branch manager of Cushman & Wakefield of New Jersey. Kinum replaces Donald...

December 27, 2001Rodamco North America NV has taken shared control of an upscale shopping mall in Newton, Mass., owned by New England real estate firm S.R. Weiner and Associates Inc.Rodamco and a subsidiary of Weiner will own the...

December 27, 2001 Westfield Holdings Ltd.'s attempts to buy Rodamco North America could be moving forward. The Australian company, which already owns 24 percent of the shopping mall company, recently dropped a lawsuit claiming Rodamco had breached an...

December 27, 2001 NEW YORK – Fitch has upgraded ICCMAC Multifamily and Commercial Trust, 1999-1, because significant loan paydowns have resulted in improved subordination levels.The rating agency upgraded the deal's $17.45 million class A-3 to triple-A from double-A...

December 27, 2001DILLON, S.C. – Lexington Realty Advisors Inc., an affiliate of Lexington Corporate Properties Trust (NYSE:LXP), has paid $16 million for a newly constructed distribution facility. Lexington Realty Advisors secured a $12.7 million mortgage for the property....

December 27, 2001 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) said Garban Intercapital North America Inc., a broker-dealer that had occupied space in the World Trade Center, has signed a 15-year lease for 111,451 square feet at its...

December 27, 2001 Dillard's closing store in Dade County, Fla., mallThe Miami HeraldHOMESTEAD, Fla. – Dillard's is closing its store at Cutler Ridge Mall by the end of its fiscal year in early February, as part of an...

December 27, 2001 DURHAM, N.C. – The U.S. Department of Veterans Affairs and commercial developer LCOR Inc. have agreed to partner on a $160 million expansion of the Veterans Affairs Medical Center and create a new "City of...

December 27, 2001 CDP Capital had active real estate year in 2001MONTREAL – CDP Capital through its real estate and private equity subsidiaries invested more than C$11 billion (US$7 billion) in real estate during 2001. In 2001, the...

December 27, 2001 ALLENTOWN, Pa. – Keystone Property Trust (NYSE:KTR) has paid $55.6 million for an 11-building warehouse/distribution property here that it had been managing.The West Conshohocken, Pa., REIT bought the 1.4 million-square-foot Westpark Business Center from J.P....

December 26, 2001 RICHARDSON, Texas – W. P. Carey & Co. LLC (NYSE:WPC) has bought a class-A office building from Nortel Networks Inc. for about $47 million, or $167/sf, and leased it back to the telecommunications company.Eastdil Realty...

December 26, 2001 ATLANTA – Wells Real Estate Investment Trust has paid $13.4 million, or $134/sf, for a 100,000-square-foot office building in Tamarac, Fla.The two-story office building, Convergys at Westpoint Business Centre, is fully leased to Convergys Customer...

December 26, 2001 ANN ARBOR, Mich. – Omega Healthcare Investors Inc. (NYSE:OHI), continuing a months-long effort to reduce debt, has struck arrangements with its lenders to modify its bank lines. The moves will result in Omega facing only...

December 26, 2001 ATLANTA – A joint venture involving Wells Real Estate Investment Trust and Wells Fund XIII LP has paid $13.1 million, or $88.40/sf, for a 148,200-square-foot office/industrial building in Denver.The property, whose industrial component allows for...

December 26, 2001 Industry news: Louisville building trades hands for second time in two yearsThe Chicago TribuneLOUISVILLE, Ky. – Marc Realty Inc. has sold the Brown & Williamson Tower in downtown Louisville to investor Al Koplin in a...

December 26, 2001 NEW YORK – Fitch has upgraded Nomura Asset Securities Corp., 1995-MD III, because of increased subordination levels and the fact that two loans comprising more than half the pool balance have been defeased.The rating agency...

December 26, 2001 DENVER – AmeriVest Properties Inc. (Amex:AMV) has paid $13.55 million, or $120/sf, for the Kellogg Building in Littleton, Colo.The 112,738-square-foot property, in the Highline Professional Center in southwest metropolitan Denver, is 96 percent leased to...

December 26, 2001 CHICAGO – Equity Office Properties Trust (NYSE:EOP) said it has completed the sale of 5.5 million square feet of industrial properties to Rreef Funds for $212.9 million. The portfolio contains 14 properties and represents 40...

December 26, 2001 NEW YORK – Fitch has withdrawn its triple-A rating for class F of Credit Suisse First Boston Mortgage Securities Corp., 1994-CFB1, because the bonds have been paid in full.Comments? E-mail Susanna Potter, or call her...

December 26, 2001 COLUMBUS, Ohio – Glimcher Realty Trust (NYSE:GRT) has raised $38 million of financing for its River Valley Mall in Lancaster, Ohio, and $7.9 million of financing for the Barren River Plaza in Glasgow, Ky.The mortgages...

December 26, 2001 Commercial Real Estate Direct Staff ReportAn investor group involving Ruben Schron has raised $42.4 million of floating-rate financing for its recent purchase of a New Jersey industrial park. As previously reported, the Schron group, Wood-Ridge...

December 26, 2001 Prudential Mortgage Capital has provided a $25.7 million mortgage for a 1 million-square-foot distribution center fully leased to Mattel in Fort Worth, Texas.The 10-year loan, fixed rate loan carries an interest rate of about 7.5...

December 24, 2001 Old Navy docks plans for growth in CanadaFinancial PostTORONTO – Old Navy has been forced to slow its expansion plans here due to problems at its U.S. parent, Gap Inc., real estate sources say. When...

December 24, 2001 PricewaterhouseCoopers has been appointed receiver for Pigeon Point Hotel Ltd., the owner of the recently built Hyatt Regency St. Lucia in the West Indies.While PricewaterhouseCoopers considers its options for the 280-unit resort, including a sale,...