December 5, 2001 SCOTTSDALE, Ariz. – Nationwide Life Insurance Co. has provided $24.6 million in floating-rate financing for the purchase of a 33-unit garden apartment complex.Terms could not be learned.Glen Eagles Apartments consists of 33 two- and three-story...

December 5, 2001 NEW YORK – Grubb & Ellis Co. (NYSE:GBE) has named Raymond O'Keefe as executive vice president, director of international operations.O'Keefe will act as liaison with Knight Frank, the company's global alliance partner.Previously, he served as...

December 5, 2001 Class Amount Sub. Rate Rating S&P Rating Moody's Avg. Life Priced Benchmark A-1 33 18 AAA Aaa 3.1 +50 Swaps A-2 60.7 18 AAA Aaa 5.2 +53 Swaps A-3 300 18 AAA Aaa 5.7 +55...

December 4, 2001 DENVER – An investment group has purchased 5,400 units, or 7.7 percent of the outstanding partnership units, in Marriott Residence Inn II LP for $1.5 million. The group, Madison Liquidity Investors 117 LLC, had offered...

December 4, 2001 NOTE: The deal's triple-A classes were said to have been placed with the quasi-governmental mortgage agencies Fannie Mae and Freddie Mac, according to industry sources. The amounts posted for these triple-A classes are from rating...

December 4, 2001 BOSTON – New Boston Fund Inc. has named Pamela D. Adamian as vice president of asset management.Prior to joining the New Boston Fund, Adamian was an asset manager at TA Associates Realty, a Boston-based pension...

December 4, 2001 WASHINGTON – MeriStar Hospitality (NYSE:MHX) has acquired from Prime Hospitality (NYSE:PDQ) leases on the final four of eight hotels previously leased and managed by Prime. MeriStar Hotels & Resorts (NYSE:MMH) will manage the four hotels:...

December 4, 2001 IRVING, Texas – FelCor Lodging Trust Inc. (NYSE:FCH) has sold $100 million of senior unsecured notes through a private placement managed by an underwriting syndicate led by Deutsche Banc Alex. Brown and JP Morgan Chase...

December 4, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterThe California State Teachers Retirement System, under the advisement of SSR Realty Advisors, has sold a 296-unit apartment complex in Dallas for $23.7 million, or $79,900/unit.The property,...

December 4, 2001 Commercial Real Estate Direct Staff ReportSix Continents PLC, the British hotel company that was formerly known as Bass PLC, is said to be in talks to buy Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT).According to...

December 4, 2001 Deutsche Bank and Zurich Financial Services have agreed to swap certain business operations.Deutsche Bank is paying Zurich about $2.5 billion for U.S.-based asset manager Zurich Scudder Investments, excluding Threadneedle Investments, Scudder's U.K. operations.Conversely, Zurich is...

December 4, 2001 Banc of America Securities, credit lease-backed notes. Priced Nov. 28. Class/Rating (S&P) Amount Sub. Rate (%) Maturity Coupon (%) Price Talk Priced Benchmark AA- 190 NA Dec., 2016 6.41 +170-175 +170 Treas.

December 4, 2001 NEW YORK – Standard & Poor's has downgraded seven CMBS transactions this year because of interest shortfalls.The rating agency, in a published report, "Interest Shortfalls and Their Impact on CMBS Ratings," warned that CMBS deal's...

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...