July 27, 2001 Commercial Real Estate Direct Staff ReportSonnenblick-Goldman Co., one of the firms competing for the job of advising the Arizona State Retirement System on a $185 million loan sale, has teamed up with Condor Capital Advisors...

July 27, 2001 New York-area investor Rubin Schron is in negotiations to buy out his partners in the Fresh Meadows apartment complex in Queens, N.Y., in a deal that values the massive property at up to $300 million,...

July 27, 2001 Haverty Furniture plans regional distribution center in Braselton, Ga.BRASELTON, Ga. - Haverty Furniture Cos. is having a regional distribution center developed by John W. Rooker and Associates of Atlanta, which will own the 511,000 square...

July 27, 2001 Residential Equities REIT buys two Niagara region propertiesTORONTO - Residential Equities REIT purchased 351 and 363 Geneva Street in St. Catharines for C$4.3 million (US$2.8 million) and C$3.9 million, respectively. The properties contain a combined...

July 26, 2001BEVERLY HILLS, Calif. – G&L Realty Corp. (NYSE:GLR), which has received a $15/share buyout proposal, said it would support the offer if it were increased to $16/share.G&L, a health-care REIT, gave the group that made the...

July 26, 2001 PALO ALTO, Calif. – Essex Property Trust Inc. (NYSE:ESS) has formed an investment fund that has been capitalized with $105 million of equity. The apartment REIT, which is among the fund's investors, also sold to...

July 26, 2001 Cingular move boosts N. Fulton, Ga.ALPHARETTA, Ga. - Cingular Wireless has leased an office complex at Winward and Westside parkways that was built for Nortel Networks. The 376,000-square-foot complex is spread over two buildings. Barry...

July 26, 2001 Class Amount Rating Moody's Rating Fitch Avg. Life Price Talk Benchmark A 211.2 Aaa AAA 4.5 +30 area Libor B 19.3 Aa1 AA+ 4.5 +38 area Libor C 26.8 Aa2 AA 4.5 +45 area Libor...

July 26, 2001 NEW YORK – Moody's Investors Service has upgraded DLJ Mortgage Acceptance Corp., 1996-CF1, because the collateral pool, which has performed well, has shrunk by nearly 15 percent because of prepayments and amortization. That has resulted...

July 26, 2001 Fairmont Hotels & Resorts Inc. has purchased a 50 percent equity interest in The Fairmont Copley Plaza Boston, a luxury hotel in Boston's Back Bay that it has managed since 1996.The $23 million deal also...

July 26, 2001 IRVING, Texas - FelCor Lodging Trust Inc. (NYSE:FCH) has raised a $700 million line of credit that it will use to fund its $2.7 billion acquisition of MeriStar Hospitality Corp. (NYSE:MHX)The 5-year, floating rate line...

July 26, 2001 Class Amount Rating Moody's Rating Fitch Avg. Life Priced Benchmark A 211.2 Aaa AAA 4.5 +30 Libor B 19.3 Aa1 AA+ 4.5 +38 Libor C 26.8 Aa2 AA 4.5 +45 Libor D 14.9 Aa3 AA-...

July 25, 2001 TUSTIN, Calif. – Guthrie Development Co. purchased the Tustin Freeway Commerce Center for $10.1 million.The 184,032-square-foot industrial complex, at 320-694 B St. and 320-437 6th St., is about 95 percent leased to tenants such as...

July 25, 2001 Class Amount Sub. Rate Rating Moody's Rating S&P Avg. Life Price Talk Priced Benchmark A-1 50 23 Aaa AAA 2.6 +35 area +33 Swaps A-2 172.7 23 Aaa AAA 6.6 +44 area +47 Swaps A-3...

July 25, 2001 CUPERTINO, Calif. – Mission West Properties Inc. (AMEX:MSW) has purchased three research and development properties in San Jose and Sunnyvale, Calif., during the latest quarter.The properties, which were bought from the Berg Group, added 206,000...

July 25, 2001 TORONTO - Residential Equities REIT completed a public offering of 3.41 million units at C$13.00/unit.The Canadian REIT raised C$44.3 million (US$28.8 million), which will be used to pay down debt and fund capital improvements.The offering...

July 25, 2001Golf car maker to call Charlotte, N.C. homeCHARLOTTE, N.C. - Textron Golf, Turf & Specialty Products signed a lease for 14,000 square feet at Whitehall Corporate Center in southwest Mecklenburg County. The company will relocate from...

July 25, 2001 Residential Equities REIT buys Burlington property TORONTO - Residential Equities REIT purchased 1360-1422 Tyandaga Park Drive in Burlington, Ontario, for C$7.4 (US$4.8 million). The 84-unit property consists of two three-story apartment buildings and three two-story...

July 25, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterRREEF Funds has purchased the recently completed 590-unit Villa Miranda Apartments in Irving, Texas from JPI, a local merchant builder.The principals to the transaction declined to disclose...

July 25, 2001Commercial Real Estate Direct Staff ReportThe month of July, already one of the busiest ever for CMBS issuance volume, is showing no signs of letting up. So far, more than $5.4 billion has been priced since...

July 25, 2001 WARREN, N.J. – Lucent Technologies has raised $460 million by selling and refinancing some of its real estate.The company, which has seen more than its share of woes, has signed a letter of intent to...

July 25, 2001 NEW YORK – SL Green Realty Co. ((NYSE: SLG) sold 5 million common shares at $30.66/share.The company received net proceeds of $149 million, or $29.80/share. Proceeds will be used to pay down the REIT's $267.3...

July 25, 2001 Brookfield Properties Corp. (NYSE:BPO) has named Richard (Ric) Clark president and chief executive, effective March 31, 2002.Clark is currently president and chief executive of Brookfield's U.S. office property unit. He joined the firm in 1996...

July 25, 2001 Maritz, Wolff & Co. has turned in what appears to be the high bid for the 541-key Regent Las Vegas hotel-casino, according to the Las Vegas Review-Journal. The Los Angeles company has made an $80...

July 25, 2001 MCLEAN, Va. Capital Automotive REIT (Nasdaq: CARS) has agreed to buy nine automotive retail properties for $102.4 million in seven states.The REIT expects to fund the deal with $150 million of 12-year secured financing from...