September 10, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterL&B Realty Advisors, on behalf of the Nevada Public Employees' Retirement System, has purchased a pair of adjacent Anaheim, Calif., industrial buildings totaling 245,503 square feet for...

September 10, 2001 Commercial Real Estate Direct Staff Report.Spreads on CMBS remained flat last week.According to the Commercial Real Estate Direct CMBS Pricing Matrix – which has been updated for the week ended Sept. 7, 2001 – 10-year,...

September 10, 2001 Shareholders of Equity One Inc. (NYSE:EQY) and Centrefund Realty Corp. (TSE:CFE) have approved Equity One's deal to buy Centrefund's U.S. subsidiary in a stock-for-stock exchange valued at $280 million.Centrefund Realty (U.S.) Corp. owns 28 properties...

September 10, 2001 Class Amount Rating Moody's Rating Fitch Rating S&P Avg. Life Price Talk Benchmark A-1 22.5 Aaa AAA AAA 5.49 +28-30 Libor A-2 85.1 Aaa AAA AAA 9.8 +40-42 Libor B 4.8 Aa1 AA+ AA 9.8...

September 10, 2001 Kimco Realty Corp. (NYSE:KIM) has completed its investment in RioCan Real Estate Investment Trust (TSE:REI.UN) by buying 2.5 million special warrants from RioCan for C$10.50.The private placement, valued around US$16.9 million, results in gross proceeds...

September 10, 2001DOUGLASVILLE, Ga. – The Crestmark Apartment complex, a 334-unit Class-A property, was sold to SMF Property Acquisitions, a Denver-based limited partnership.As reported in July, Atlanta-based Roberts Realty Investors Inc. (AMEX:RPI) sold the property at 945 Crestmark...

September 10, 2001 PHILADELPHIA – Sylvan M. Cohen, who in 1960 founded one of the nation's first REITs, died Saturday at his home in Center City Philadelphia. He was 87.He was chairman of Pennsylvania Real Estate Investment Trust,...

September 10, 2001 RIVERSIDE, Calif. – Marcus & Millichap has brokered the sale of the Chicago Plaza, a 98,483-square-foot neighborhood retail center in Riverside, for $11 million.A St. Louis-based limited partnership bought the property at Chicago and University...

September 10, 2001 Industry news: South Fulton industrial project ready to startAtlanta Business ChronicleSOUTH FULTON, Ga. – Lincoln Property Co. is set to start construction on an industrial project on more than 50 acres at World Business Center,...

September 7, 2001 By Christina Caprio, Commercial Real Estate Direct Staff WriterCredit Suisse First Boston has knocked Morgan Stanley out of the top position in Commercial Real Estate Direct's domestic bookrunner ranking by virtue of a $487 million...

September 7, 2001 COLUMBIA, Md. – Corporate Office Properties Trust (NYSE: OFC) has priced 1.2 million shares of series F cumulative redeemable preferred shares at $25/share.Proceeds of $31 million will be used to pay down debt under the...

September 7, 2001 HOUSTON – Wells Real Estate Investment Trust has purchased a 157,792-square-foot office property in Houston for about $20.8 million, or $132/sf. The property, in the city's Greenspoint District, will provide the private REIT with a...

September 7, 2001Commercial Real Estate Direct Staff ReportFirst Union has agreed to proved a $155 million three-year floating-rate mortgage for the Chelsea Market on Manhattan's west side.The financing replaces a $77 million three-year loan that Deutsche Bank had...

September 7, 2001 ARLINGTON, Va. – Peter B. McMillan, president and chief operating officer of the Mills Corp. (NYSE: MLS), has resigned to pursue other interests. Laurence Siegel, the company's chairman and chief executive officer, will assume McMillan's...

September 7, 2001 Commercial Real Estate Direct Staff ReportA total of 22 CMBS transactions contain loans on theaters run by Regal Cinemas, which plans to file for Chapter 11 bankruptcy protection. According to an analysis by Merrill Lynch,...

September 7, 2001 Georgia officials approve convention center expansion in Atlanta Atlanta Journal-ConstitutionATLANTA – Georgia legislators have approved the expansion of the Georgia World Congress Center. The conference center will have more than 400,000 square feet of exhibit...

September 7, 2001NAPERVILLE, Ill. – Home Properties (NYSE: HME) has acquired two apartment buildings, one in Silver Spring, Md. and one in Naperville, Ill., for $49.2 million. The 435-unit Manor apartment complex, in the Aspen Hill area of...

September 7, 2001 ALEXANDRIA, Va. – AvalonBay Communities Inc. (NYSE: AVB) has priced a $300 million offering of medium-term notes under its existing shelf registration statement.The 10-year notes are rated Baa1 by Moody's and triple-B-plus by Standard &...

September 7, 2001 Joe Segal buying heritage Granville bank buildingVancouver SunVANCOUVER – Joe Segal, president of his privately-held Kingswood Capital Corp., is paying about C$5 million (US$3.2 million) for the former Bank of Montreal building at Granville and...

September 7, 2001 LOS ANGELES – The Los Angeles Unified School District is in contract to buy a 29-story office building in downtown Los Angeles for its new consolidated headquarters.The school district is paying $74.5 million, or about...

September 7, 2001 GMAC Commercial Holding has struck a relationship with a substantial player in the French, Belgian and Portuguese real estate markets that will allow it to broaden its servicing and asset management capabilities in Europe. The...

September 7, 2001 DALLAS – Brinker International Inc. (NYSE:EAT) has reached an agreement to buy 39 Chili's Grill & Bar restaurants from their franchise operator, Sydran Group LLC of San Ramon, Calif.The $55 million acquisition also includes future...

September 7, 2001 WASHINGTON – The Bernstein Cos. and Union Realty Partners have sold 1500 Eckington Place NE in Washington, D.C., to one of the building's tenants for $34 million, or $136/sf.The 250,000-square-foot building was purchased by Bernstein's...

September 6, 2001 Alpro pulls $35 million plant planFlorida Times-UnionJACKSONVILLE, Fla. – Soy-based products producer Alpro North-America Inc. has nixed plans to build a $35 million 180,000-square-foot processing plant and distribution center on the city's Westside. The Belgian...

September 6, 2001 Bank of America has provided $25 million of permanent financing for 625 Massachusetts Ave., a 125,000-square-foot mixed-use building in Cambridge, Mass.The financing was arranged by Legg Mason Real Estate Services/Spectrum Financial, which was formed through...