December 3, 2001 WASHINGTON – CarrAmerica Realty Corp. (NYSE:CRE) will likely write off its remaining $42.2 million investment in executive office suites affiliate HQ Global Holdings Inc., resulting in a one-time noncash charge in the fourth quarter.The charge...

December 3, 2001 Canadian Tire raises C$300Mln through real estate partnershipTORONTO – Canadian Tire Corp. Ltd. has formed a partnership with a third-party investor group to raise capital based on the income from a portfolio of the company's...

December 3, 2001Commercial Real Estate Direct Staff ReportA $1.44 billion CMBS deal that TrizecHahn Corp. (NYSE:TZH) used to finance 28 of its properties includes a large mortgage on the Allen Center, a 3.2 million-square-foot office complex in Houston....

December 3, 2001 Class Amount Sub. Rate Rating S&P Rating Moody's Avg. Life Price Talk Benchmark A-1 450.5 18 AAA Aaa 5.7 +55 area Swaps A-2 545.1 18 AAA Aaa 9.7 +59 area Swaps B 50 13.875 AA...

December 3, 2001 Class Amount Sub. Rate Rating S&P Rating Moody's Avg. Life Price Talk Benchmark A-1 287 22.75 AAA Aaa 5.7 +53-55 Swaps A-2 473.3 22.75 AAA Aaa 9.6 +56-58 Swaps B 36.9 19 AA Aa2 9.9...

December 3, 2001 Class Amount Sub. Rate Rating S&P Rating Moody's Avg. Life Price Talk Benchmark A-1 143 22.5 AAA Aaa 5.7 +55-57 Swaps A-2 412 22.5 AAA Aaa 9.64 +57-59 Swaps B 29.55 18.375 AA Aa2 9.9...

December 3, 2001 Commercial Real Estate Direct Staff ReportDeutsche Bank, a major player in the CMBS market, has launched the regular publication of a weekly market research report.The report, "CMBS Market Monitor," will be delivered every Friday via...

December 3, 2001 BOSTON – Trammell Crow Co. (NYSE:TCC) has hired James F. McCaffrey as principal and head of the investment services group at its Boston office.McCaffrey, the former head of investment sales for Meredith & Grew, effectively...

December 3, 2001 ALBUQUERQUE, N.M. – Goodman Realty has paid close to $25 million for Montgomery Plaza, a 400,000-square-foot retail center in Albuquerque, N.M.The property was sold by Montgomery Retail Realty Inc. of New York.Montgomery Plaza is a...

December 3, 2001 IRVING, Texas – Omni Hotels is looking to expand and is seeking acquisition, development and management opportunities in cities such as Phoenix, Minneapolis and Toronto, as well as in other strategic markets in Florida, Hawaii...

December 3, 2001 NEW YORK – Phil McConkey, the former New York Giants wide receiver, will deliver a keynote speech at an upcoming conference examining the current state of the hotel market. The conference, "Handling a Hostile Hotel...

December 3, 2001 ATLANTA – Six Continents Hotels has named Mike Goodson senior vice president of finance for the Americas. Goodson will be based in Atlanta and will manage the financial operations for all Six Continents Hotels' financial...

December 3, 2001 Two Triangle developers raising up to $35MlnThe Business Journal (Raleigh/Durham) RALEIGH, N.C. – Two Triangle developers separately have begun raising up to $35 million for real estate investment funds that could lead to a flurry...

December 3, 2001 BUENA PARK, Calif. – Pacific Property Co. has sold Brookstone, a 184-unit apartment complex, for $17 million, or $92,391/unit.Western National bought the property, formerly known as Brook Park West, in a deal that closed Oct....

December 3, 2001 Commercial Real Estate Direct Staff ReportThe CMBS market will feel the effects of Enron Corp.'s Chapter 11 Bankruptcy filing, but not as sharply as the Houston office market.The energy-trading giant occupies some 10 percent of...

December 3, 2001 CORONA, Calif. – LaSalle Investment Management has purchased the 412-unit Country Hills Apartments here on behalf of its Income & Growth Fund II. Terms of the transaction were not disclosed.The property at 1530 Via Santiago...

December 3, 2001 CHANTILLY, Va. – Corporate Office Properties Trust (NYSE:OFC) has paid $58.2 million for the Washington Technology Park, a Class-A office complex.The Columbia, Md., REIT bought the 470,000-square-foot multitenant office building at 15000 Conference Center Drive...

November 30, 2001 Special to Commercial Real Estate DirectAs expected, law firm Miller Nash has renewed its 72,000-square-foot commitment to the premier office tower in downtown Portland, Ore.Miller Nash has renewed its lease for another 12 years at...

November 30, 2001 Commercial Real Estate Direct Staff ReportThe United State House of Representatives has passed a bill that would make the federal government a player in the business of providing terrorism insurance on real estate. The bill,...

November 30, 2001 JDN Realty says court OKs settlementThe Atlanta Journal-ConstitutionATLANTA – JDN Realty Corp. said a federal court has approved agreements to settle a securities class action and a related derivative lawsuit. A local homeowners association filed...

November 30, 2001 Farmers Insurance Group has retained United Systems Integrators Corp. to provide real estate services under a five-year exclusive contract.USI expects to save the Los Angeles-based insurance giant more than $10 million in corporate real estate...

November 30, 2001 ROSEVILLE, Calif. – GMAC Commercial Mortgage Corp. has provided $28 million in interim, floating-rate financing for a 336-unit garden-style apartment community.Proceeds from the three-year financing, which carries an 80 percent loan-to-value ratio and is based...

November 30, 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

November 30, 2001 NEW YORK – Standard & Poor's has raised its ratings on seven classes of ICCMAC Multifamily and Commercial Trust 1999-1 collateralized mortgage bonds.The upgrades are as follows:– class B to triple-A from double A;– class...

November 30, 2001 Class/Rating Amount Rating S&P Avg. Life Price Talk Priced Benchmark A 176.6 AAA 1.92 +90 area +90 Libor B 72.2 AA 1.98 +135 area +155 Libor C 62.2 A 1.98 +190 area +210 Libor D...