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...

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...

November 30, 2001 SEATTLE – Plum Creek Timber Co. Inc. (NYSE:PCL) has named a former Trammell Crow executive to the new post of executive vice president - real estate and strategic business development.Tom Lindquist will oversee activities in...

November 30, 2001 Commercial Real Estate Direct Staff ReportThe Pennsylvania School Employees Retirement System, under the advisement of Russell Real Estate Advisors, this week committed to provide up to 25 percent of the capital – not to exceed...

November 30, 2001 GMAC Commercial Mortgage Corp. has provided $250 million of construction financing for One Lincoln St., a class-A office project at the southern edge of Boston's financial district.The loan has a four-year term with a one-year...

November 30, 2001 HORSHAM, Pa. – GMAC Institutional Advisors LLC, a subsidiary of GMAC Commercial Mortgage Acceptance Corp., has named William F. Martin as senior vice president of its real estate equity investment group.Martin will work with GIA's...

November 30, 2001 NEW YORK – Daniel S. Abrams will join iStar Financial Inc. (NYSE:SFI) as executive vice president of investments.Abrams will join the firm's New York team and will focus on originating structured finance investments.Before joining iStar...

November 30, 2001 NEW YORK – Donald Trump has agreed to pay $115 million for the 72-year-old Delmonico Hotel. Trump has yet to finalize his plans for the 32-story hotel that sits on Park Avenue and 59th Street,...

November 30, 2001 LOS ANGELES – Arden Realty (NYSE:ARI) has named Richard S. Davis as chief financial officer, following the resignation of Daniel S. Bothe.Davis joined Arden in 1997 and was promoted to co-chief financial officer in June...

November 30, 2001 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has expanded its unsecured credit facility to $60 million from $35 million. The credit line bears an interest rate of 150 to 250 basis points over Libor,...

November 30, 2001 BUENA PARK, Calif. – Pacific Property Co. has sold a 184-unit apartment complex for $17 million, or $92,391/unit, to Western National. The Brookstone, formerly known as Brook Park West, was purchased in January 2000 for...

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 29, 2001Special to Commercial Real Estate DirectThe longtime owners of the 275-unit Ocean Breeze Villas apartments in Huntington Beach, Calif., have secured $28 million, or $101,818/unit, in Fannie Mae permanent financing for the fully leased property. A...

November 29, 2001TYSONS CORNER, Va. – ILM II Senior Living Inc. has agreed to sell its senior and assisted living facilities to an entity controlled by the Blackstone Group for $45.5 million, or about $64,700/unit.BRE/Independent Living LLC is...

November 29, 2001 NEW YORK – Fitch has upgraded three classes of FSA Finance Inc.'s commercial mortgage-backed security transaction.The classes were upgraded as follows: the $27.8 million class A to triple-A from double-A; the $20 million class B...

November 29, 2001 NEW YORK – Lexington Corporate Properties Trust (NYSE:LXP) has acquired Net 1 and Net 2, two Delaware limited partnerships, for about $136.8 million.Net 1 and Net 2 own 23 properties in 13 states, which generate...

November 29, 2001 DES PLAINES, Ill. – LaSalle Investment Management has sold a Chicago-area industrial property to a private investor for about $8.3 million, or $59/sf.Howard O'Hare Business Court, a 140,000-square-foot property at 200 East Howard Ave., is...

November 29, 2001 Underwriters exercise over-allotment option in Cominar's public offeringQUEBEC CITY – Underwriters in Cominar REIT's public offering have exercised their over-allotment option to purchase 600,000 units at C$10.70/share. Proceeds will total C$6.4 million (US$4 million). The...

November 29, 2001 DENVER – KeyBank Commercial Mortgage provided $10.2 million for a Class-A office building in the city's Denver Tech Center. The 10-year fixed-rate financing carries a 30-year amortization schedule. Robertson Properties Group purchased the 89,895-square-foot Crescent...