September 5, 2001 AUSTIN, Texas – Lynxs Group has retained CB Richard Ellis to explore raising capital to expand its airport real estate development program globally. The Austin, Texas-based developer has built air cargo facilities at such airports...

September 5, 2001TMW Real Estate has agreed to buy 2001 Pennsylvania Ave. NW in downtown Washington D.C.TMW has agreed to pay close to $50 million for the 147,000-square-foot office building, according to the Washington Business Journal.The property is...

September 5, 2001 BIRMINGHAM, Ala. – Colonial Properties Trust (NYSE:CLP) has sold three multifamily properties in Alabama and Georgia to CMS Cos. of Philadelphia for an undisclosed sum.Proceeds will be used to reduce the REIT's unsecured credit line...

September 5, 2001 BEVERLY HILLS, Calif. – G&L Realty Corp. (NYSE:GLR) has rejected the latest buyout proposal offered by Lyle Weisman and his associates.The health care REIT's special committee of its board of directors said it "had concluded...

September 5, 2001 Commercial Real Estate Direct Staff ReportThe California State Teachers Retirement System has earmarked $150 million of capital that it plans to invest in real estate investments with an affordable housing component.The pension fund, known as...

September 5, 2001DALLAS – Archon Financial has provided $40.8 million of financing for part of the Southlake Town Square, a massive mixed-use development in Dallas' Metroplex.The Goldman Sachs' unit provided two 10-year mortgages to a group led by...

September 5, 2001 CHICAGO – LaSalle Investment Management Inc. has raised about $53 million in the first closing of the LaSalle Medical Office Fund, which will buy and develop medical office buildings throughout the United States. LaSalle expects...

September 5, 2001 Class Amt ($mln) Avg. Life FINAL PRICING (bp) Bench mark A 120.5 3.50 30 Swaps AB 40.0 3.99 35 Swaps B 162.4 7.50 55 Swaps C 106.3 10.79 60 Swaps Z 58.5 17.24 160 30yr...

September 5, 2001 Commercial Real Estate Direct Staff ReportCHICAGO – Heller Financial Inc. (NYSE:HF) has become a major player in the golf-course finance business as a result of its purchase of $185 million of mortgages from Bank of...

September 4, 2001 PORTLAND, Ore. – HomeStreet Capital has provided $24 million in financing for the Marshall Wells Lofts condo project.Evergreen Northern LLC will convert the 280,000-square-foot, seven-story warehouse building constructed in 1910 into an eight-story building with...

September 4, 2001 NEW YORK – Commercial mortgage-backed securities that default generally have a good chance of recovering. Standard & Poor's, which today released, "Life After Death: Recoveries of Defaulted Structured Finance Securities," found that CMBS that go...

September 4, 2001 WASHINGTON, D.C. – Gables Residential (NYSE:GBP) has purchased the 82-unit Ambassador House apartment high-rise in the city's Dupont Circle neighborhood for $24.2 million from an undisclosed source.The REIT plans to rename the property Gables Dupont...

September 4, 2001 GLENDALE, Calif. – Public Storage Inc. (NYSE:PSA) plans to raise about $500 million from the sale of 20 million depositary shares.The shares represent 1/1000 of share of 8 percent cumulative preferred stock series R.Salomon Smith...

September 4, 2001 Forest City Enterprises Inc. (NYSE:FCEA) said its sale of the Tucson Mall last month resulted in an after-tax gain of $51 million. The sale of the Tucson, Ariz., property to General Growth Properties provided cash...

September 4, 2001 NEW YORK – The Network of Commercial Real Estate Women has formed a New York chapter. The group, which has 43 chapters in the United States and Toronto, is the top organization for women in...

September 4, 2001 AURORA, Colo. – A unit of Prudential Mortgage Capital Co. has provided $21.2 million of FHA financing for Legacy Village Apartments.The 40-year mortgage carries a rate of 7.3 percent. It will be used by Legacy...

September 4, 2001 CLEVELAND – Forest City Enterprises Inc. (NYSE:FCEA) has filed to sell up to 2.25 million common shares. Underwriters for the offering are Goldman Sachs, Merrill Lynch and McDonald Investments Inc.Proceeds of the offering, which could...

September 4, 2001 Trammell Crow building $40Mln park in Bluff City, Tenn.Memphis (Tenn.) Business JournalBLUFF CITY, Tenn. – Trammell Crow Co. has begun construction on Summit Distribution Center, a 2 million-square-foot, $40 million project at Lamar and Holmes....

September 4, 2001 NEW YORK – Fitch has downgraded to double-B-plus from triple-B-minus $677 million of senior unsecured notes issued by Colonial Realty LP, a unit of Colonial Properties Trust (NYSE:CLP). The rating agency also downgraded $275 million...

September 4, 2001 IRVING, Texas – FelCor Lodging Trust Inc. (NYSE:FCH) has received a mortgage commitment of at least $325 million from JP Morgan Chase and Deutsche Bank. The financing also includes a mezzanine component, which would be...

September 4, 2001 HARTFORD, Conn. – Travelers Insurance has leased more than 560,000 square feet at three Hartford, Conn., buildings owned by Aetna Inc.The leases are valued at more than $56 million. Aetna was represented in the lease...

September 4, 2001 LOS ANGELES – Laaco Ltd., a self-storage company, has paid $42 million for seven self-storage properties in Arizona, Nevada and southern California under a deal it first structured last year. The company last year had...

September 4, 2001 JACKSONVILLE, Fla. – Flagler Development Co. (NYSE:FLA) has named Melinda McDonald Thompson as vice president.Thompson, who also will continue as controller, will oversee all accounting, financial reporting and human resources functions for Flagler. Previously, she...

September 4, 2001 Commercial Real Estate Direct Staff ReportSpreads on commercial mortgage-backed securities remained flat last week. According to the Commercial Real Estate Direct CMBS Pricing Matrix, which has been updated for the week ended Aug. 31, 2001,...

September 4, 2001 COLUMBIA, Md. – Corporate Office Properties Trust (NYSE:OFC) has purchased a portfolio of four office buildings, totaling 187,132 square feet, in the 630-acre Columbia Gateway business park.Terms of the transaction were not disclosed. However, going...