December 19, 2001 NEW YORK – Fitch has upgraded First Boston Mortgage Securities Corp. 1993-1 conduit because amortization and substantially increased rental revenue at collateral properties.The $2.2 million class 2-B is upgraded to triple-A from double-A-plus.The certificates are...

December 19, 2001 Weingarten buys Fla. industrial propertiesLAKELAND, Fla. – Weingarten Realty Investors has purchased a five building industrial portfolio for an undisclosed sum. The Southeast Industrial Portfolio was bought from National Life Insurance Co. The portfolio consists...

December 19, 2001 Class Amount Sub. rate Rating S&P Rating Moody's Avg. Life Price Talk Priced Benchmark A-1 126.7 15 AAA Aaa 3.4 +46-47 +47 Swaps A-2 105.4 15 AAA Aaa 5.7 +51 area +51 Swaps A-3 136.6...

December 19, 2001 NEW YORK – Fitch has upgraded Nomura Asset Securities Corp., 1994-C3, because of significant increases in subordination stemming from amortization prepayments and loan maturities.The rating agency upgraded the deal's $9 million class A-3 to triple-A...

December 19, 2001 TOKYO – Walton Street Capital and Credit Suisse First Boston Corp. have formed a joint venture with Japan's Credit Saison Co. that plans to invest more than $150 million in Tokyo real estate over the...

December 19, 2001 NEW YORK – Fitch has upgraded Credit Suisse First Boston Mortgage Securities Corp./DLJ Mortgage Acceptance Corp.'s 1995-T1, as a result of increased subordination levels due to amortization and loan pay offs.The $5.8 million class D...

December 19, 2001 Class Amount Sub. rate Rating S&P Rating Moody's Avg. Life Price Talk Priced Benchmark A-1 50 22.5 AAA Aaa 2.5 +43 area +45 Swaps A-2 90 22.5 AAA Aaa 6.55 +54 area +55 Swaps A-3...

December 19, 2001PASADENA, Calif. – AEW Capital Management has paid $17.3 million, or nearly $207/sf, for 350 W. Colorado Blvd., an 83,600-square-foot office building.AEW, which bought the property on behalf of an institutional investor client, acquired it from...

December 19, 2001 Deal priced December 14. Class Amount Sub. rate Rating S&P Rating Fitch Avg. Life Priced Benchmark A1 51.07 21.25 AAA AAA 2.5 +44 Swaps A2 174.8 21.25 AAA AAA 6.5 +53 Swaps A3 457.3 21.25...

December 19, 2001 MADRID – A group of investors led by Deutsche Bank's real estate private equity group has purchased the Hotel Arts complex for an estimated 285 million euros (US$257 million).The 44-story hotel is in Barcelona's Olympic...

December 19, 2001 Class Amount Sub. rate Rating S&P Rating Moody's Avg. Life Price Talk Benchmark A-1 49.7 22.5 AAA Aaa 2.5 +42 area Swaps A-2 131.6 22.5 AAA Aaa 6.9 +51-53 Swaps A-3 580.2 22.5 AAA Aaa...

December 19, 2001 Class Amount Sub. rate Rating S&P Rating Moody's Avg. Life Price Talk Priced Benchmark A-1 48.8 22.5 AAA Aaa 2.5 +42 area +42 Swaps A-2 129.03 22.5 AAA Aaa 6.9 +51-53 +52 Swaps A-3 578.9...

December 18, 2001 BETHESDA, Md. – Crestline Capital Corp. (NYSE:CLJ) has sold its 205-key Baltimore Inner Harbor Courtyard to RLJ Development LLC for $26 million.Crestline Hotels & Resorts will continue to manage the hotel under a long-term management...

December 18, 2001 PARIS – A German open-ended fund has contracted to buy and lease back a hotel development at Charles de Gaulle airport.The buy brings Commerz Grundbesitz Investmentgesellschaft mbH's hotel portfolio to four properties across Europe.The hotel...

December 18, 2001NEW YORK – Standard & Poor's has placed its ratings on four classes of DLJ Mortgage Acceptance Corp.'s 1997-CF2 on credit watch with negative implications, as a result of a large delinquency.The classes on credit watch...

December 18, 2001 CLEVELAND – Developers Diversified Realty Corp. (NYSE:DDR) will raise $57.9 million in net proceeds from the sale of 3.2 million common shares at $19.11/unit.Proceeds will be used to reduce the shopping center REIT's outstanding balance...

December 18, 2001 SAN FRANCISCO – Catellus Development Corp. (NYSE:CDX) has named Vanessa Washington as senior vice president and general counsel.Prior to joining Catellus, Washington led the Real Estate Practice Group and served as senior vice president, corporate...

December 18, 2001 CHICAGO – The Kiser Group of Marcus & Millichap's Chicago office is marketing a 132-unit mid-rise apartment complex at 711 and 739 W. Belmont Ave. in East Lakeview.The Lakeview Apartments – priced at $10 million,...

December 18, 2001 WASHINGTON, D.C. – MeriStar Hospitality Corp. (NYSE:MHX) has amended its senior secured credit facility.The amended gives the REIT more flexibility with certain financial covenants and gives it the option to extend the maturity of the...

December 18, 2001 NEW YORK – Standard & Poor's is monitoring Shurgard Storage Centers, as a result of the company's restated earnings for 1998 through the third quarter of 2001.The REIT's decision to reinstate its financials comes after...

December 18, 2001 Lend Lease Corp. Ltd. has sold its Larry Smith property management operation in Italy "for a small profit" to European Commercial Properties NV.The sale is part of Lend Lease's reorganization of its operations in Italy...

December 18, 2001 VAIL, Colo. – Vail Resorts has closed on the purchase of the Vail Marriott Mountain Resort for $49.5 million. The 349-room Marriott hotel is in Lionshead Village just 150 yards from the base of Vail...

December 18, 2001 LOS ANGELES – Marcus & Millichap is marketing a 426-unit apartment complex near downtown Los Angeles for $20 million.Chesapeake Apartments is a garden-style apartment complex on 17 acres near La Brea Avenue and Rodeo Road....

December 18, 2001 NEW YORK – Fitch has upgraded Pacific Life Insurance Co.'s primary servicer rating to CPS1 from CPS2.The rating agency said the upgrade was due to Pac Life's "demonstrated ability to service" mortgages in CMBS deals....

December 18, 2001 YORK, Pa. – McCrory Corp. has retained DJM Asset Management of Melville, N.Y., to conduct a Chapter 11 Bankruptcy sale of its store leases and fee-owned properties.Bids for the leases are due on or before...