November 9, 2001 SEATTLE – GMAC Commercial Mortgage has provided $90 million of floating-rate financing for the Union Bank of California Center in Seattle, which its owner had originally tried to sell.The GMAC loan has a three-year term,...

November 9, 2001 PLANO, Texas – Greystone has provided roughly $20 million in fixed-rate acquisition financing to the Shoptaw Group of Atlanta for a 330-unit garden-style apartment complex.John Farrell and Dennis James in L.J. Melody's Atlanta office arranged...

November 9, 2001EATONTOWN, N.J. – Equity Properties & Development Co. has retained Rockwood Realty Associates LLC to find a buyer for the Monmouth Mall.The portion of the 80-acre property owned by Equity has an assessed value of $130...

November 8, 2001 ORLANDO, Fla. – Price Legacy Corp. (Amex:XLG) has purchased five open-air shopping centers in central and south Florida totaling 2.5 million square feet for about $242 million. The transaction consists of $54 million in cash...

November 8, 2001 Developer gains support to build BJ's in Jacksonville, Fla.Florida Times-UnionJACKSONVILLE, Fla. – The Jacksonville Economic Development Commission has granted its support for Casto Southeast Inc.'s plans to develop a 480,000-square-foot BJ's Wholesale Club distribution center....

November 8, 2001PASSAIC, N.J. – Home Properties (NYSE:HME) has sold two apartment communities totaling 364 units in Passaic, N.J., and Garnerville, N.Y., for $23.7 million, or about $65,200/unit.The REIT will use proceeds to reduce short-term debt.The $23.7 million...

November 8, 2001 Commercial Real Estate Direct Staff ReportA subsidiary of Nippon Life Insurance has sold its 80 percent interest in 1285 Avenue of the Americas to an affiliate of J.P. Morgan Chase in a deal that values...

November 8, 2001 NEW YORK – Standard & Poor's lowered its ratings on one class of Credit Suisse First Boston Mortgage Securities Corp.'s 1998-C1, and affirmed other rated classes.Class H was lowered to single-B-minus from single-B.The lowered rating...

November 8, 2001 Huge city center combines Eaton, Edmonton sitesEdmonton Journal EDMONTON – Oxford Properties will today unveil plans for Edmonton City Centre, a new downtown shopping center project that will combine the Eaton Centre and Edmonton Centre...

November 8, 2001 GREEENBELT, Md. – Butera Properties of Fredrick County, Md., has purchased Commerce Center II, a two-building office complex, for $16.9 million, or about $130/sf.The fully leased property contains two Class-A buildings at 7615-7637 & 7601...

November 8, 2001 Commercial Real Estate Direct Staff ReportMadison Marquette has hired Secured Capital Corp to arrange $22 million to $25 million of acquisition financing for an open-air community shopping center in Santa Barbara, Calif.The private real estate...

November 8, 2001 By Christina Caprio, Commercial Real Estate Direct Staff WriterAn entity owned by the Parmenter Co. is looking to place $65 million of interim financing on the 42-story Bank of America Tower in Jacksonville, Fla. Proceeds...

November 8, 2001 PARIS – France Telecom has sold a portfolio of 473 buildings throughout France for 2.97 billion euros ($2.7 billion) to a consortium of investors.The deal, set to close in the next three months, is the...

November 7, 2001 TOKYO – Standard & Poor's has appointed Andrea Bryan director and regional practice leader of its structured finance business in Japan and Korea. Bryan will help S&P to expand its credit analysis products and services...

November 7, 2001 NEW YORK – Moody's Investors Service is reviewing for possible downgrade six lease-backed notes involving Kmart Corp. lease obligations or lease guarantees.The review comes after Moody's placed Kmart's long-term debt ratings on review for possible...

November 7, 2001 Delray Beach moves toward allowing more apartmentsThe Sun-Sentinel (Fort, Lauderdale, Fla.)DELRAY BEACH, Fla. – The city commission has voiced preliminary support to waive the 30 apartment units per acre limitation in the Florida East Coast...

November 7, 2001 Original price talk for this securitization for General Growth Properties was not available. In the revised guidance below, classes within subgroups A, B, C, D and E, as outlined in private-placement memos and rating agency...

November 7, 2001 NEW YORK – Moody's Investors Service has upgraded a class from Citicorp Lease Pass-Through Trust, 1999-1, because Citi's long-term debt rating has been upgraded.The rating agency upgraded the deal's Class A-1 to Aa1 from Aa3,...

November 7, 2001 Non-residential construction slows; Ontario decline concentrated in Toronto areaThe Toronto StarTORONTO – The value of building permits issued by municipalities across Canada declined for the second consecutive month to a four-year low, according to a...

November 7, 2001 KANSAS CITY, Mo. – Midland Loan Services Inc. has acquired Zenetics LLC, giving it a foot in the business of providing online mortgage-origination software.Zenetics is an Arlington, Texas, developer of software products for the real...

November 7, 2001 NEW YORK – Fitch has upgraded three classes of DLJ Mortgage Acceptance Corp.'s 1993-MF17, and affirmed other rated classes.The upgrades are as follows: the $19.7 million class A-2 to double-A from single-A-plus; the $19.7 million...

November 7, 2001 Commercial Real Estate Direct Staff ReportBURBANK, Calif. – Principal Capital has provided $32 million of mini-perm construction financing for an office building that Menlo Equities is developing in the Burbank Empire Center, a 1.4 million-square-foot...

November 7, 2001 WASHINGTON, D.C. – Equity Office Properties Trust (NYSE: EOP) has paid $68 million, or $262/sf, for Three Lafayette Centre in Washington from an affiliate of Equitable Life and Lend Lease Real Estate Investments.The property, at...

November 7, 2001 PALM BEACH COUNTY, Fla. – Roberts Realty Investors Inc. (Amex:RPI) has closed on its purchase of the St. Andrews at the Polo Club for $28.2 million from the Related Group of Florida.The company received $21...

November 7, 2001 VERO BEACH, Fla. – Equity One (NYSE: EQY) has paid $9.1 million for Ryanwood Square, a 114,925-square-foot shopping center in Vero Beach, Fla.The property, which generates $870,000 of annual net operating income, is anchored by...