August 27, 2001 TORONTO – RioCan Real Estate Investment Trust (TSE:REI) and Kimco Realty Corp. (NYSE:KIM) are forming a joint venture that will acquire and develop retail properties in Canada and will pool their retail power in Canada...

August 27, 2001 NEWPORT BEACH, Calif. – Pacific Gulf Properties Inc. (NYSE:PAG) has completed its merger with FountainGlen Properties LLC.Under the terms of the transaction, Pacific Gulf shareholders will receive about $3.13/share, while the company will assume about...

August 27, 2001 SEATTLE – Nordstrom Inc. (NYSE:JWN) is selling its interest in its new headquarters building in downtown Seattle to the developer it partnered with to build the property.Though Nordstrom is selling its 49 percent stake in...

August 27, 2001 TXU hunting for 200,000 sf in DallasDallas Business JournalDALLAS – TXU Corp. is searching for 175,000 to 200,000 square feet of office space here. It's one of the biggest corporate searches in Dallas-Fort Worth so...

August 27, 2001 North American Properties plans $100Mln mall in McDonough, Ga.Atlanta Business ChronicleMCDONOUGH, Ga. – North American Properties Inc. plans to build a more than 1 million-square-foot mall on a 200-acre tract on the northwest corner of...

August 27, 2001 FRESNO, Calif. – Lend Lease has provided $11.9 million in fixed-rate financing for the Mirage and the Lakes Apartments, through its Fannie Mae Delegated Underwriter and Servicing program.The 10-year loan bears a 6.9 percent interest...

August 27, 2001 CALGARY, Alberta – Boardwalk Equities Inc. (NYSE:BEI) plans to sell up to 358,800 common shares from its combined holdings.Controlling shareholders own or have control over about 16.8 million common shares of Boardwalk, which represents about...

August 27, 2001 The Commercial Real Estate Direct weekly CMBS Pricing Matrix has been updated. Click here to view the latest Matrix.Comments? E-mail

August 24, 2001 Berwind seeks stake in Atlanta's Tower PlaceThe Atlanta Journal-ConstitutionATLANTA – Berwind Property Group is negotiating to buy a stake in the Tower Place 100 office tower, as well as the project's retail space and a...

August 24, 2001 Plazacorp to take full ownership of Quebec strip mallRIVIERE-DU-LOUP, Quebec – Plazacorp Retail Properties Ltd. has agreed to acquire a 50 percent interest in Plaza Th?riault, giving it full ownership of the 24,441-square-foot strip mall,...

August 24, 2001 HORSHAM, Pa. – GMAC Commercial Mortgage has purchased Carey Kramer Co., a Tampa, Fla., commercial mortgage firm.Terms of the transaction were not disclosed.The deal solidifies GMAC's presence in Florida. The company has a strong operation...

August 24, 2001 BOSTON – K Capital Partners LLC, a Boston hedge fund with a substantial investment in Prime Group Realty Trust (NYSE:PGE), has called the $14/share offer that Cadim Inc. and Prime Group have offered for the...

August 24, 2001 NEW YORK – Fitch has downgraded EMAC 1998-1, EMAC 1999-1, FMAC 1997-C and FMAC 1998-A because each deal has seen a reduction in subordination levels. It also left bonds on its negative rating watch list.The...

August 24, 2001 CHICAGO – Cadim Inc., an affiliate of Caisse de depot et placement du Quebec, and Prime Group Inc. have offered to buy all of Prime Group Realty Trust's (NYSE:PGE) common shares for $14/share in cash....

August 24, 2001 CHICAGO – First Industrial Realty Trust Inc. (NYSE:FR) said that beginning with the third quarter it will include earnings per share, under Generally Accepted Accounting Principals, to its financial reports.The REIT will also continue to...

August 24, 2001 NEW YORK – Acadia Realty Trust (NYSE:AKR) said the Chapter 11 filing of Ames Department Stores should affect only two of its properties. Ames has so far said it would close 47 of its stores....

August 23, 2001 NEW YORK – Fitch has withdrawn its ratings on five classes of PaineWebber Mortgage Acceptance Corp. IV's 1995-M1 multifamily deal because the certificates have been paid in full.Fitch withdrew its triple-A rating on the A,...

August 23, 2001 WESTFIELD, Mass. – W.P. Carey & Co. LLC (NYSE:WPC) has paid $11.5 million for two properties here in a sale-leaseback deal with Jen-Coat Inc. Jen-Coat, a packaging products manufacturer, will lease the 377,500 square feet...

August 23, 2001 SAN FRANCISCO – Michael Hunter has joined The Greenwich Group International LLC as managing director of the San Francisco office.Hunter will be responsible for the sale of institutional quality assets and debt and equity placements...

August 23, 2001 Atlanta apartments sell for $11.7MlnATLANTA – Bank of America has sold a 364-unit apartment community in the city's South Fulton submarket for $11.7 million, according to a news release. Atlanta-based Jamco paid $32,143/unit for Chestnut...

August 23, 2001 PITTSBURGH – A short list of prospective developers have been selected from about 100 vying for the right to develop the land between PNC Park and Heinz Field, homes of the Pittsburgh Pirates and Steelers,...

August 23, 2001 Johnson Capital Group, a West Coast mortgage banking firm, has opened up a shop in Washington, D.C., that is led by three newly hired multifamily finance specialists.The Irvine, Calif., firm has hired Patrick Kinlan, who...

August 23, 2001 PARIS – Colony Capital has sold a four-star luxury in the French Alps town of M?ribel to Alp A'zur H?tels for 13.7 million euros ($12.5 million).Jones Lang LaSalle Hotels arranged the sale of the 92-unit...

August 23, 2001 GREENWICH, Conn. – Greenwich Capital Markets has made two additions to its new Boston office at 100 Summer St., which is set to open early next month.Lee Apgar, who has been with Greenwich Capital for...

August 23, 2001 NEW YORK – A joint venture led by Lend Lease Global Properties has purchased a historic office building in London. The venture paid 12.5 million pounds ($18.1 million) for 10 Furnival St., an 88,000-square-foot building...