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 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 24, 2001 Thomas Enterprises negotiating a $300 million shopping center dealAtlanta Business ChronicleATLANTA – Thomas Enterprises is in talks to sell more than $300 million of its shopping center portfolio to Inland Retail Real Estate Trust, which...

December 24, 2001 NEW YORK – Standard & Poor's revised its outlook on Rodamco North America NV to 'developing' from 'stable' as a result of talks to sell a controlling interest in the company.Rodamco's board has countered an...

December 24, 2001 Reckson Associates Realty Corp. (NYSE:RA) has received about $98 million in net proceeds from the sale of a 49 percent interest in 919 Third Ave. in Midtown Manhattan. As previously reported, Reckson sold the property...

December 24, 2001 ATLANTA – IRT Property Co. (NYSE:IRT) plans to redeem on Jan. 24 all its 7.3 percent convertible subordinated debentures due 2003.Up until Jan. 24, the debentures can be converted into shares of the REIT's common...

December 24, 2001 NEW YORK – Moody's Investors Service has upgraded GMAC Commercial Mortgage Securities Inc., 1999-FL1, because of "significant" increases in subordination stemming from loan maturities and prepayments.The rating agency up graded the deal's class C to...

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,...

December 21, 2001 Commercial Real Estate Direct Staff ReportHost Marriott Corp. (NYSE:HMT) has closed on the sale of the Pittsburgh Marriott City Center hotel to the Shaner Hotel Group. While a price was not disclosed, it is believed...

December 21, 2001 BROOKFIELD, Wis. – BentleyForbes has bought the worldwide headquarters building of Thomson Financial Inc. in this western suburb of Milwaukee. No price was disclosed.Thomson, which conducts business under the name BETA Systems, occupies the entire...

December 21, 2001 Renar to build 80 town homes in Daytona BeachOrlando SentinelDAYTONA BEACH, Fla. – Renar Homes plans to build 80 town houses at Sedona, a 4,500-acre golf course community. Prices will range from $119,900 to $159,900....

December 21, 2001 NEW YORK – An undisclosed New York commercial bank has provided $15 million of fixed-rate financing for 151 William Street in lower Manhattan, in one of the first such transactions in the area since the...

December 21, 2001 Allstate Life Insurance Co. has provided Great Lakes REIT (NYSE:GL) with two mortgages totaling $23 million.The insurance firm provided a $16.75 million mortgage for Woodfield Green, an office property at 1920 & 1930 Thoreau Drive...

December 21, 2001 Curtiss-Wright Corp., a New Jersey manufacturing company, has sold a multi-tenant industrial property in Wood-Ridge, N.J., for $51 million. The Wood-Ridge Business Complex is a former manufacturing facility with about 2.3 million square feet of...

December 21, 2001 NASHVILLE, Tenn. – Parkway Properties Inc. (NYSE:PKY) has paid $30 million for the Bank of America Plaza in downtown Nashville, Tenn.The property was purchased from Equity Office Properties Trust (NYSE:EOP).The deal marks an entrance into...

December 21, 2001Commercial Real Estate Direct Staff ReportWachovia Securities analyst Christopher Haley penned a holiday ditty in a note this morning advising clients of his selection of TrizecHahn Corp. (NYSE:TZH) as his stock pick for next year.Haley, a...

December 21, 2001 NEW YORK – Fitch has upgraded Criimi Mae Trust I, 1996-C1, because of improved subordination levels.The rating agency upgraded the deal's $18.5 million class A-2 to single-A-minus from triple-B and affirmed the other classes it...

December 21, 2001 Lodgian Inc. has filed for Chapter 11 Bankruptcy protection, largely as a result of disappointing results since the Sept. 11 terrorist attacks. Lodgian, a hotel owner that has a portfolio of 106 hotels throughout the...

December 21, 2001 TORONTO – IPC US Income Commercial Real Estate Investment Trust has completed its initial public offering of 15.5 million units at C$10.00/unit (US$6.40/unit) for total proceeds of C$155 million (US$99.2 million).The REIT will invest solely...

December 21, 2001 Lehman Brothers is marketing a $72.6 million securitization backed by a fixed-rate loan on a telecommunications hotel leased to Qwest Communications Corp. The deal, Tuckahoe Credit Tenant Lease Trust 2001-CTL1, is a one-tranche offering that...