December 17, 2001 NEW YORK – Standard & Poor's raised its ratings on Prudential Securities Secured Financing Corp.'s 1998-C1 due to increased credit support levels and improved collateral performance.Class B was raised to double-A-plus from double-A; class C...

December 17, 2001 STAMFORD, Conn. – GE Capital Corp.'s proposed purchase of Security Capital Group will provide it with a capitalization rate, or initial yield, of 8.09 percent.GE late last week agreed to buy Security Capital for $26/share...

December 17, 2001 WALNUT CREEK, Calif. – Clarion Partners has hired Eileen E. Marrinan, a former research executive with GICRE Inc., as senior vice president of its investment strategy and research group. Marrinan, a 23-year research veteran, will...

December 17, 2001 LOUISVILLE, Ky. – Ventas Inc. (NYSE:VTR) has raised $225 million from Ventas Trust 2001 that priced this month.Proceeds of $213 million were used to pay down a portion of the REIT's outstanding balance under its...

December 17, 2001 SPARTANSBURG, Ga. – Extended Stay America (NYSE:ESA) has amended its $900 million credit facility.The amended facility will give the company additional flexibility in managing hotel development.Due to short-term uncertainties following Sept. 11, the company deferred...

December 17, 2001 NEW YORK – Freddie Mac has provided $133 million of floating-rate financing for a 1,490-unit multifamily complex in the Kips Bay section of Manhattan.Terms of the mortgage, which was used to refinance existing debt, could...

December 17, 2001The GF Management Hotel loan in Salomon Brothers Mortgage Securities VII Inc., 2001-CDC, is the tenth largest loan in the deal's collateral pool. A story published earlier today, "Hotel Loan Default Prompts Moody's to Review Salomon...

December 17, 2001 NEW YORK – Cushman & Wakefield has named Anne Covell and Chuck Harry as co-heads of the company's analytics team in the United States.Covell and Harry most recently served as regional directors of analytics. In...

December 14, 2001 DALLAS – Clarion Partners has acquired a 185,000-square-foot office building in the Preston Center for its Clarion Lion Properties Fund.The investment adviser bought The Berkshire at Preston Center from an offshore pension fund advised by...

December 14, 2001 NEW YORK – Moody's Investor Service has upgraded the COMM 2000-FL1 CMBS transaction as a result of rising credit enhancements due to prepayments and loan payoffs.The upgrades of the nine classes are as follows:– class...

December 14, 2001 LEIGHTON BUZZARD, England – Fog Cutter Capital Group's (Nasdaq:FCCG) Bourne End Properties has sold the 80,000-square-foot Waterbourne Walk Shopping Center for roughly 5.8 million pounds (US$8.2 million).Waterbourne Walk is the sixth property sold since Fog...

December 14, 2001 CHICAGO – Despite a recession, the commercial real estate market remained healthy during the third quarter. The average capitalization rate, or initial yield, on properties rose to 9.6 percent during the third quarter, after dipping...

December 14, 2001 DALLAS – Preliminary bids are due in a couple weeks for a 662-unit luxury apartment property in North Dallas, and by all indications, investor interest has been strong.The Dallas investment sales office of Holliday Fenoglio...

December 14, 2001 NEWTON, Mass. – Senior Housing Properties Trust (NYSE:SNH) has priced $200 million of its 8.625 percent senior unsecured notes due 2012. The sale is expected to be on Dec. 20.Proceeds will be used to buy...

December 14, 2001 SANTA MONICA, Calif. – National Golf Properties (NYSE:TEE) has retained Charles S. Paul to serve, on an interim basis, as chief executive officer. He will be responsible for all activities related to National Golf's restructuring...

December 14, 2001 CHICAGO – Security Capital Group (NYSE:SCZ) plans to raise nearly $478.7 million from the sale of about 16.9 million common shares of CarrAmerica Realty Corp. (NYSE:CRE) for $28.37/share.Goldman Sachs & Co. is the sole bookrunner...

December 14, 2001 Former Gerber plant to become urban villageASHEVILLE, N.C. – Gulfside Development will build the Village of Gerber, a mixed-use urban village situated on a 24-acre parcel that once housed the Gerber baby food factory. The...

December 14, 2001 MIAMI – Equity One (NYSE:EQY) plans to develop an 84,000-square-foot shopping center in southwest Miami-Dade County.The $10 million Plaza Allegre will sit on 8.5 acres on the southeast corner of S.W. 147th Avenue and Coral...

December 14, 2001 Commercial Real Estate Direct Staff ReportThe $731.5 million Sasco Floating Rate Commercial Mortgage Trust, 2001-C8, CMBS deal is due to price at midday Monday, sources say. The deal's $321.9 million triple-A tranche, with an average...

December 14, 2001 NEW YORK – Standard & Poor's has raised its ratings on three classes of JP Morgan Commercial Mortgage Finance Corp.'s 1998-C6 and affirmed other rated classes.The ratings are as follows: class B to double-A-plus from...

December 14, 2001 SEATTLE – Aegon USA Realty Advisors has provided roughly $12.4 million in fixed-rate, permanent financing for a 123,000-square-foot industrial facility.The 20-year mortgage replaces construction financing of about the same amount.The Samis Foundation owns the building...

December 14, 2001 The Commercial Real Estate Direct CMBS global and domestic bookrunner rankings have been updated.Click here to view the updated global and domestic bookrunner rankings. Comments? E-mail

December 13, 2001 ALEXANDRIA, Va. – AvalonBay Communities (NYSE:AVB) has begun construction on two luxury apartment communities totaling $95.9 million.Avalon at Rock Spring, in North Bethesda, Md., will have 386 units in six four-story buildings. The cost to...

December 13, 2001 CHICAGO – General Growth Properties (NYSE:GGP) has sold 8 million common shares at $39.43/share.Proceeds from the sale total about $300 million. Lehman Brothers Inc. served as the underwriter. Comments? E-mail

December 13, 2001 MESQUITE, Texas – Skyline II and Skyline III, two industrial buildings in the Skyline Business Park, sold for $29.5 million, or nearly $32/sf.An earlier story, Hillwood Sells 2 Dallas-area Industrial Buildings, had only an estimated...