September 13, 2001 NEW YORK – Brookfield Properties Corp. (NYSE:BPO), which owns buildings near the World Trade Center, said that it has "adequate insurance" to cover any possible damage to its properties. The company said none of its...

September 13, 2001 SYDNEY, Australia – A trophy office and retail building is reportedly on the market for about A$300 million (US$155 million).The Centrepoint Tower is being marketed internationally, according to a report in the Daily Telegraph. But...

September 13, 2001 STAMFORD, Conn. – Seaboard Properties has paid $23.4 million for the Biltmore, a 161-unit apartment complex.The sale was part of a portfolio that was sold by Equity Office Properties (NYSE:EOP).The apartment building is at 127...

September 13, 2001 Rodamco North America NV said it has written to Stichting Pensioenfonds ABP challenging the validity of the Dutch pension fund's sale of a large stake in Rodamco to Westfield Holdings Ltd.Australian-based Westfield recently paid ABP...

September 13, 2001 PETALUMA, Calif. – Salomon Smith Barney provided $60 million in permanent financing for the Redwood Business Park, owned by Basin Street Properties.Terms of the transaction were not disclosed.The Redwood Business Park is a 101-acre center...

September 13, 2001Commercial Real Estate Direct Staff ReportAll the lawyers at Thacher Proffitt & Wood, a major law firm in the CMBS market that has its headquarters in the World Trade Center, apparently have been accounted for.According to...

September 13, 2001 ROCKVILLE, Md. – Criimi Mae Inc. (NYSE:CMM) has retained Ferguson Partners Ltd., a Chicago executive recruitment firm, to help find a chief operating officer. The mortgage REIT indicated that whoever is hired would be groomed...

September 13, 2001MONTEREY, Calif. – A group of Monterey investors headed by the Cannery Row Co. has purchased three upscale boutique hotel properties here.UBS Warburg LLC sold the hotels, two of which are oceanfront properties, through Jones Lang...

September 13, 2001 Marriott International Inc. (NYSE:MAR) said the World Trade Center Marriott, which is at the base of the World Trade Center, has suffered "irreparable damage."The firm's Financial Center Marriott, which is several blocks south of the...

September 12, 2001 EDISON, N.J. – Hanover Capital Mortgage Holdings Inc. (Amex:HCM) has closed its headquarters at 90 West St., across from the World Trade Center, indefinitely. Hanover, which will remain open, has relocated its corporate headquarters to...

September 12, 2001 CHICAGO – Transwestern Commercial Services has named Cece Conway as senior vice president of corporate advisory services.Conway will play a key role in Transwestern's business strategy and transaction services for national account clients.She was most...

September 12, 2001 Rodamco North America yesterday launched an advertising campaign in Amsterdam calling on shareholders to reject Westfield Holdings Ltd.'s proposal to take over management of the company's portfolio. Rodamco, which has already rejected Westfield's plan, ran...

September 12, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterCushman & Wakefield said today it is actively assisting those clients that need help in securing emergency space and services. To that end, the brokerage firm is...

September 12, 2001 LOUISVILLE, Ky. – Kindred Healthcare plans to distribute $50 million of its common shares held by its largest shareholders, including Ventas Inc. (NYSE:VTR).Ventas will sell up to 100,000 shares. Kindred is Ventas' primary tenant.Kindred has...

September 12, 2001Brookfield Properties Corp. (NYSE:BPO) – which owns One Liberty Plaza, One and Two World Financial Center as well as 50 percent of Four WFC, all of which are in downtown Manhattan – said that so far...

September 12, 2001 TORONTO – RioCan Real Estate Investment Trust (TSE:REI.UN) has purchased additional stakes in nine shopping centers, eight in Ontario and one in New Brunswick, from The Frum Development Group for C$43 million (US$27.6 million).The properties,...

September 12, 2001 NEW YORK – Fitch has assigned its triple-B-plus rating to Public Storage's offering of $500 million of cumulative preferred stock, which carries an 8 percent coupon.The rating outlook is stable.Proceeds from the offering will be...

September 12, 2001 MELVILLE, N.Y. – Reckson Associates Realty Corp. (NYSE:RA) has raised about $107 million from the sale of four properties and interests in Keystone Property Trust (NYSE:KTR).The REIT sold four office properties totaling 600,000 square feet...

September 12, 2001 Westfield America Inc. (NYSE:WEA) said that its investment in the retail portion of the World Trade Center is "fully insured for both capital and loss of income."The REIT's Australian parent in a statement added that...

September 11, 2001One World Trade Center has now significantly collapsed as well. Unconfirmed reports are coming in also that a car bomb has exploded at one of the State Department buildings in Washington.A partial list of World Trade...

September 11, 2001 RICHMOND, Va. – United Dominion Realty Trust (NYSE:UDR) has secured a $200 million credit facility with ARCS Commercial Mortgage Co. LP.The initial funding on the Fannie Mae Delegated Underwriting and Servicing loan was $139 million....

September 11, 2001 All Center City Philadelphia buildings have been ordered evacuated by Mayor John Street.

September 11, 2001 MLP proposes $50Mln development in Memphis, Tenn.TennesseanMEMPHIS, Tenn. – A proposed $50 million development near Music Row and Vanderbilt University has begun to draw a lot of criticism and potentially strong opposition from area merchants....

September 11, 2001The Associated Press reports that authorities around the country have halted all air traffic, evacuated high-profile buildings and tightened security at strategic facilities following the attacks on the World Trade Center and the Pentagon.Most federal and...

September 11, 2001 CHICAGO – Jones Lang LaSalle Inc. (NYSE:JLL) has named Peter C. Roberts as executive vice president and chief operating officer, effective Jan. 1, 2002.In his new role, Roberts, who has been with the firm for...