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.

November 15, 2001 NEW YORK – Standard & Poor's has placed on credit watch negative its triple-B corporate credit rating on Storage USA and its triple-B rating on SUSA Partnership LP's $600 million in senior notes.The credit watch...

November 15, 2001 NEW YORK – Fitch has upgraded three classes in Resolution Trust Corp.'s 1995-C1 due to the significant amount of credit enhancement provided by the loans remaining in the pool.The rating agency upgraded the following classes:–...

November 15, 2001 REDONDO BEACH, Calif. – Cigna provided $100 million in fixed-rate, permanent financing for the Galleria at South Bay Mall.The mortgage has a five-year term. Forest City Enterprises owns the 980,000-square-foot mall that is anchored by...

November 14, 2001 Commercial Real Estate Direct Staff ReportCigna has provided $46 million of fixed-rate financing for the Rimrock Mall, the largest shopping center in Montana.The 10-year mortgage replaces a smaller loan, a $28 million mortgage that didn't...

November 14, 2001NEW YORK – Fitch has downgraded Capital Lease Funding Securitization, 1997-CTL1, and placed it on rating watch negative, because of the deal's exposure to Circuit City Stores Inc.The collateral pool contains five loans, representing 16 percent...

November 14, 2001 TrizecHahn Corp. (NYSE:TZH) has paid $21 million for the air rights below 10 and 120 South Riverside in Chicago, moving it one step closer to converting its ownership in the buildings to a fee-simple structure...

November 14, 2001 Commercial Real Estate Direct Staff ReportCMS Cos. of Philadelphia has purchased Credit Suisse First Boston's interest in a large portfolio of apartments in a deal valuing the properties at $181 million.The portfolio was owned by...

November 14, 2001ATLANTA – Cousins Properties Inc. (NYSE:CUZ) plans to spend about $122 million to repurchase five million shares of its common stock.The REIT plans to buy back the stock on or before Dec. 31, 2003.The transactions will...

November 14, 2001 VAIL, Colo. – Vail Resorts Inc. (NYSE:MTN) has received a three-year revolving credit facility to replace its existing credit facility, which had been scheduled to terminate at the end of 2002. The company's subsidiary, The...

November 14, 2001 NEW HYDE PARK, N.Y. – Kimco Realty Corp. (NYSE:KIM) has raised about $70.2 million from the sale of 1.5 million shares of common stock at $49.27/share. Proceeds will be used primarily to invest equity in...

November 14, 2001 Atlantic Station project in Georgia received $155.6Mln in financingThe Wall Street JournalATLANTA – A venture led by Jacoby Development Inc. has received $155.6 million in public and private financing for the long-delayed Atlantic Station project....

November 14, 2001 PASADENA, Calif. – Daniel Szente yesterday resigned as chief investment officer of the California Public Employees' Retirement System, and executives at the pension fund warned that loss of more senior staff could weaken the fund's...

November 14, 2001 NOTE: Credit support in parentheses indicate levels when excluding the unpooled G and H classes. Class Amount Sub. Rate (%) Rating S&P Rating Moody's Avg. Life Price Talk Benchmark A1 250 27.3 (21.2) AAA Aaa...

November 14, 2001 Acktion to buy rest of Goldlist PropertiesFinancial PostTORONTO – Acktion Corp. has acquired 25 percent of Goldlist Properties Inc. and will likely move to take the apartment owner and developer private. Toronto-based Acktion yesterday agreed...

November 14, 2001 Commercial Real Estate Direct Staff ReportCredit Suisse First Boston has provided $65.5 million of permanent financing for the Metroplex Shopping Center, a power center in Plymouth Meeting, Pa., a suburb of Philadelphia.The property's owner, a...

November 14, 2001 Fitch has differentiated its ratings for the two future independent banks of DePfa Group, which is splitting its mortgage business into a property bank and a public finance bank in mid-2002.The rating agency has assigned...

November 14, 2001 Lend Lease Global Properties SICAF has made its first disposition by selling Hayes Office Park, a 63-acre office campus in suburban London.Challenger International Group paid an undisclosed amount for the property, which is four miles...

November 14, 2001 NEW YORK – Fitch has upgraded classes C and D of GMAC Commercial Mortgage Securities Inc.'s 1999-FL1 and has withdrawn ratings for classes A and B, as both have been paid off.The rating agency lifted...

November 14, 2001 AMP Henderson Global Investors and Westfield Trust have agreed to deals valued at A$555 million (US$288.5 million) for three shopping centers in Australia.Westfield Trust is taking full ownership of two malls from AMP Life's Statutory...

November 14, 2001 OAK BROOK, Ill. – Great Lakes REIT (NYSE:GL) expects funds from operations for 2002 will fall between $2.18 to $2.22/share."We anticipate FFO growth will be flat in 2002 because of the economic slowdown and a...

November 14, 2001 DAVIE, Fla. – Ramco-Gershenson Properties Trust (NYSE:RPT) has purchased the Shenandoah Square shopping center for $16.3 million.The acquisition was part of a joint venture, but the REIT's partner was not identified.Shenandoah Square is anchored by...

November 14, 2001 French mutual insurance company Macif has sold its European shopping center portfolio for $525 million, as part of its decision to no longer own and manage that sector.Dutch real estate investment company Corio bought the...