August 21, 2001 NEW YORK – Standard & Poor's has upgraded Merrill Lynch Mortgage Investors Inc., 1995-C1 because the collateral pool has had significant paydowns that have resulted in improved subordination. The rating agency upgraded the issue's class...

August 21, 2001 NEW YORK – Fitch has upgraded J.P. Morgan Commercial Mortgage Finance Corp., 1997-C5 because loan payoffs and amortization have resulted in improved subordination levels. The rating agency upgraded the deal's $51.7 million class B to...

August 21, 2001 Newman Financial Services Inc. has provided a $25 million debt package on 1700 California St., a mixed-use property in downtown San Francisco.The package, comprised of a mezzanine and debt component, will allow the owner to...

August 20, 2001 CLERMONT, Fla. – GMAC Commercial Mortgage Corp. has arranged a $14.3 million Freddie Mac loan for a 272-unit apartment complex at 16554 Crossing Blvd.Cagan Crossings LLC used the fixed-rate permanent loan, which amortizes over 30...

August 20, 2001 NEW YORK – Moody's Investors Service has upgraded AMC Depositor LLC, AMC, because amortization has resulted in a lower collateral loan balance and the underlying property's performance has improved.The agency upgraded the deal's Class C...

August 20, 2001 Commercial Real Estate Direct Staff ReportJohn P. McElwaine, who had been managing director at LoanAuction Inc., has left the online operation to join Coface North America.McElwaine is overseeing a newly opened Philadelphia office for Coface...

August 20, 2001Gwinnett park in Atlanta making progress The Atlanta Journal-ConstitutionATLANTA - Hurricane Alcovy Investments has purchased 608 acres at the Gwinnett Progress Center for $13.3 million. The land is located in the western and southern portions of...

August 20, 2001 SEATTLE – WestCoast Hospitality Corp. (NYSE:WEH) has secured a $36.1 million fixed-rate mortgage for its WestCoast Grand Hotel on Fifth Avenue.Los Angeles-based Sonnenblick-Eichner Co. arranged long-term financing for the 297-unit luxury hotel, which is the...

August 20, 2001 Four Seasons Hotels Inc. (NYSE:FS) has sold its 25 percent interest in the entity that subleases The Inter-Continental Hong Kong for HK$185 million (US$23.7 million).A member of the New World group of companies, which owns...

August 20, 2001PMRealty Advisors has sold, on behalf of two pension fund clients, offices in Maryland.In the Symphony Woods Office Building deal, which closed earlier this month, Liberty Property Ltd. paid about $133/sf, or $12.5 million, for the...

August 20, 2001 Commercial mortgage-backed securities spreads remained relatively flat last week, according to the Commercial Real Estate Direct CMBS Pricing Matrix, which has been updated for the week ended Aug. 17, 2001.Spreads for 10-year generic conduit paper...

August 17, 2001 Class Amount Sub. Rate Rating S&P Rating Fitch Avg. Life Price Talk Priced Benchmark A-1 102 22.75 AAA AAA 3.7 +35 area +35 Swaps A-2 86.9 22.75 AAA AAA 6.3 +38 area +38 Swaps A-3...

August 17, 2001 MONTREAL – Cominar Real Estate Investment Trust (TSE:CUF) has agreed to buy a 175,060-square- foot office building under construction.The REIT is paying about C$32 million(US$20.7 million) for the eight-story building at 8500 D?carie Blvd. The...

August 17, 2001 GMAC's investment advisory arm has teamed with the City and County of San Francisco Employees' Retirement System to form a private partnership that will invest in value-added multifamily real estate properties nationwide.With equity and existing...

August 17, 2001 Banc of America Securities LLC has hired Janice M. Smith to head conduit operations for the company's CMBS Capital Markets group in Charlotte, N.C. As principal and head of conduit operations, Smith will report to...

August 17, 2001 DESTIN, Fla. – Intrawest Corp. has sold the Market Shops at Sandestin here for $13.5 million to an undisclosed buyer. The $254/sf price sets a record high price for a retail property in northwestern Florida,...

August 17, 2001 NEW YORK – Fitch has downgraded one class in Deutsche Mortgage & Asset Receiving Corp.'s 1998-C1 and affirmed other classes it rates.The $40.9 million class L was downgraded to triple-C from single-B-minus.The downgrade is due...

August 17, 2001 Cousins to manage ConcourseThe Atlanta Journal-ConstitutionALANTA – Teachers Insurance and Annuity Association has retained Cousins Properties to manage and lease the 2.1 million-square-foot Concourse Corporate Center near Ga. 400 and I-285. Cousins will replace Trammell...

Second Quarter 2nd Quarter 2001 2nd Quarter 2000 Company FFO ($Mln) FFO/shr (diluted) Net Income ($Mln) Net Income/shr (diluted) Revenue ($Mln) FFO ($Mln) FFO/shr (diluted) Net Income ($Mln) Net Income/shr (diluted) Revenue ($Mln) Aegis Realty 0.7 0.08 (0.6)...

August 17, 2001 NEW YORK – Standard & Poor's has raised its ratings on six classes of GGP-Ivanhoe's 1999-C1 and affirmed other classes it rates.S&P upgraded the following classes:– class B to triple-A from double-A-plus;– class C to...

August 16, 2001 Ivanhoe Cambridge transforming former Eaton Building in MontrealMONTREAL – The C$200 million (US$131 million) renovation of the former Eaton building is under way with reopening set for August 2002. Property owner Ivanhoe Cambridge is converting...

August 16, 2001 DALLAS - Delaware Lincoln Investment Advisers has provided $24 million in permanent, fixed-rate financing to Berwind Property Group for the Melrose Hotel. Terms of the five-year loan were not disclosed. Proceeds were used to replace...

August 16, 2001 Developer of Sandy Lake Towers in Orlando files Chapter 11Orlando (Fla.) Sentinel ORLANDO, Fla. – Developer Sergio Naya, the developer of the unfinished Sandy Lake Towers on International Drive, has filed for Chapter 11 bankruptcy...

August 16, 2001 TUCSON – General Growth Properties Inc. (NYSE:GGP) has purchased the Tucson Mall from Forest City Enterprises Inc. (NYSE:FCEA) for about $180 million.General Growth financed the purchase of the mall with a short-term acquisition loan and...

August 16, 2001 HENDERSON, Nev. – Column Financial has provided $20.6 million in fixed-rate, permanent financing for the Horizon Pointe Shopping Center.The 10-year loan has a 30-year amortization schedule and bears an interest rate under 7.5 percent. It...