November 19, 2001 CARLSBAD, Calif. – KSL Recreation Corp. has acquired the renowned La Costa Resort and Spa from its Japanese owner for an undisclosed price.Sports Shinko had owned the property since 1987, when it paid a reported...

November 19, 2001 CHARLOTTE, N.C. – Fitch has invested $1.75 million in MortgageRamp, the online loan origination site. MortgageRamp's investor base now includes all three major rating agencies."This is the first time in the industry that all three...

November 19, 2001 Commercial Real Estate Direct Staff ReportInsignia/ESG has added another pair of commercial real estate veterans to its growing California team: industrial sales and leasing specialist Marc Burns and longtime corporate real estate executive Michael Huaco.Burns...

November 19, 2001 NEW YORK – Fitch has placed the $27.5 million A-5 and the $10 million A-6 in Asset Securitization Corp.'s 1997-MD VII on rating watch negative.Class A-5 is rated single-B-plus and class A-6 is rated single-B-minus....

November 19, 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 rankingsComments? E-mail

November 19, 2001 Retailers exit Vancouver's International VillageVancouver SunVANCOUVER – Downtown Eastside's troubled International Village shopping center suffered another blow Sunday when three more retailers packed up and left. Meanwhile, about a dozen demonstrators from several Downtown Eastside...

November 19, 2001 HYANNIS, Mass. – TA Associates Realty has sold two shopping centers – one in Hyannis, Mass., the other in Warwick, R.I. – for a total of $42.5 million.Lend Lease Real Estate Investments purchased the Festival...

November 19, 2001 Commercial Real Estate Direct Staff ReportLehman Brothers and UBS Warburg are in the market today with their $1.2 billion CMBS conduit offering, LB-UBS Commercial Mortgage Trust, 2001-C7. The deal is scheduled to price next week,...

November 19, 2001 DANVERS, Mass – Cornerstone Real Estate Advisors has sold the Northwoods Business Park to Everest Partners LLC for $14.7 million. The two building, 171,922-square-foot complex consists of two- and three-story buildings at 99 and 199...

November 19, 2001 NEW YORK – Fith has upgraded six classes of Credit Suisse First Boston Mortgage Securities Corp.'s 1997-Spice deal due to increases in subordination levels from amortization, prepayments and matured loans. The rating agency lifted the:–...

November 19, 2001 SEATTLE – Shurgard Storage Centers Inc. (NYSE:SHU) will restate its financial results for 1998 through the first six months of 2001.The REIT's decision comes after a review of its independent auditors' recommendation regarding the accounting...

November 19, 2001 Commercial Real Estate Direct Staff ReportParamount Group Inc. has closed on its $97.3 million, or $362/sf, purchase of 150 E. 52nd St. on Manhattan's East Side.The German-owned real estate investment firm bought the fully leased...

November 19, 2001 Goldman Sachs this week is launching Japan's third public REIT through an initial public offering.According to reports on Reuters and The Wall Street Journal, the REIT would be the first in Japan launched by a...

November 19, 2001 ANN ARBOR, Mich. – Stockholders of Captec Net Lease Realty Inc. (Nasdaq:CRRR) have approved, based on a preliminary estimate, the REIT's merger with Commercial Net Lease Realty Inc. (NYSE:NNN).Captec's board has already approved the merger...

November 16, 2001 Apartment developer bullish on Jacksonville, Fla.Jacksonville (Fla.) Times-UnionJACKSONVILLE, Fla. – For the past seven months, the city and American Land Housing Group Inc. have been discussing the possibility of the company building 32- and 36-story...

November 16, 2001 Security Capital Group Inc. (NYSE:SCZ) will sell 9.2 million shares of CarrAmerica Realty Corp. (NYSE:CRE) to CarrAmerica for $28.85/share, or $265.4 million.Security Capital will own about 37.4 percent, or 19.4 million shares, of CarrAmerica once...

November 16, 2001 CALGARY, Alberta – Summit REIT (TSE:SMU) has agreed to sell Canada Place, a 191,890-square-foot downtown office building, to an undisclosed buyer for C$31.4 million (US$19.8 million).The C$164/sf sales price represents a capitalization rate, or initial...

November 16, 2001 Del Cano Properties Trust has agreed to liquidate and sell its real estate portfolio – 11 apartment complexes in Phoenix and southern California – for $106 million.The decision to liquidate follows an unsolicited takeover bid...

November 16, 2001 The Nuveen Real Estate Income Fund, a fund from Nuveen Investments, has raised $370.5 million through an initial public offering.The fund's shares began trading today on the American Stock Exchange. Nuveen now oversees $33 billion...

November 16, 2001 Western Spirit Investments Ltd. (CDNX:WST.A), a Victoria, B.C., real estate investment company, is pursuing strategic alternatives, including selling assets or the company as well as converting to a REIT.The company has hired Royal LePage Commercial...

November 15, 2001 MOUNTAIN VIEW, Calif. – VeriSign, manager of Web addresses, has purchased an office complex for $285 million, or about $730/sf.The price per square foot is one of the highest ever for Silicon Valley office space...

November 15, 2001 NEW YORK – Fitch has upgraded two classes in Aetna Commercial Mortgage Trust's 1995-C5The deal's $28.8 million class E was upgraded to triple-A from single-A, and the $35.5 million class F was upgraded to triple-B...

November 15, 2001 The Commercial Real Estate Direct third quarter earnings table has been updated.Click here to view the updated table.Comments? E-mail

November 15, 2001 Reichmann REIT to be based completely on U.S. propertiesThe Financial Post TORONTO – Paul Reichmann is leading a new REIT that will focus solely on U.S. properties but trade on the Toronto Stock Exchange in...

November 15, 2001 Banc of America Securities, credit lease-backed notes. Class/Rating (S&P) Amount Sub. Rate (%) Maturity Price Talk Benchmark AA- 190 NA Dec., 2016 +170-175 Treas.