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 24, 2001 Special To Commercial Real Estate DirectTibbett & Britten Group plc, which provides logistics services for consumer products giant Proctor & Gamble, has leased an entire 458,262-square-foot cross-dock distribution building within the Centrepointe-South business park in...

July 24, 2001 DALLAS – Amresco Inc. (Nasdaq:AMMBQ) has reached an agreement with Prudential Securities Credit Corp. to extend the maturity date of its warehouse line to August 10, 2001. In addition, The Nasdaq Stock Market Inc. has...

July 24, 2001 Special to Commercial Real Estate DirectGeneral Motors Corp. has received initial bids for nearly 2.6 million square feet of distribution properties on a total of 170.2 acres in key markets around the country including Philadelphia;...

July 24, 2001Special to Commercial Real Estate DirectIn the wake of Equity Office Properties Trust's (NYSE:EOP) acquisition of Spieker Properties Inc., EOP has engaged Insignia/ESG to manage and lease a large portfolio of Southern California real estate that...

July 24, 2001 VAIL, Colo. – Vail Resorts Inc. (NYSE:MTN) has agreed to buy the Vail Marriott Mountain Resort from Host Marriott Corp. (NYSE:HMT) for $49.5 million. The transaction is expected to close in December. The property will...

July 24, 2001 Construction to begin on $39Mln Huntsville, Ala., von Braun complexHUNTSVILLE, Ala. - Construction will soon begin on a $39 million, 220,000-square-foot office building for the U.S. Army Space and Missile Defense Command. It will become...

July 24, 2001 BINGHAM FARMS, Mich. – Gregory P. Kloiber, a top-producing broker with Grubb & Ellis' Detroit-area office, has joined Colliers International as senior vice president of the firm's corporate services group.Kloiber will help Colliers' clients sell,...

July 24, 2001 NEW YORK – Moody's Investors Service has affirmed the ratings of MeriStar Commercial Mortgage Trust, 1999-C1, which is secured by a mortgage on 19 full-service hotels. The affirmation is significant because the underlying hotels' profitability...

July 24, 2001Allied Capital Corp. (NYSE:ALD), one of the few investors that regularly buy subordinate CMBS, said it invested $54.9 million in non-investment grade mortgage bonds during the three months ended June 30.The firm invested in

July 24, 2001 NEW YORK – Fitch has upgraded Morgan Stanley Capital I Inc., 1996-C1, because prepayments and amortization have resulted in improved subordination levels.The rating agency lifted the following classes:– the $20.4 million class B to triple-A...

July 24, 2001 Silverstein Properties Inc. and Westfield America Inc. (NYSE:WEA) have completed their $3.2 billion acquisition of a lease on Manhattan's World Trade Center.Under the 99-year lease, Westfield America gains control over the retail component of the...

July 24, 2001 The Commercial Real Estate Direct weekly CMBS Pricing Matrix has been updated. Click Here to view the latest Matrix.

July 24, 2001 THOUSAND OAKS, Calif. – Verizon has signed a letter of intent to sell its 426,000-square-foot, three-story office building at One Verizon Way to Baxter Healthcare Corp, for an undisclosed sum.The sale is expected to be...

July 24, 2001 Class Amount Sub. Rate Rating Fitch Rating S&P Avg. Life Price Talk Priced Benchmark A-1 350.2 18 AAA AAA 5.8 +42 area +44 Swaps A-2 779.4 18 AAA AAA 9.7 +45 area +47 Swaps B...

July 24, 2001 MIAMI BEACH, Fla. - Vector Holdings Corp. has completed negotiations and secured a contract to buy two hotels in South Beach for about $12 million.The hotels, located on Ocean Drive between 5th and 14ths streets,...

July 24, 2001 Class Amount Sub. Rate Rating Moody's Rating Fitch Avg. Life Price Talk Priced Benchmark A-1 50 15 Aaa AAA 3.1 +32 area +32 Swaps A-2 100 15 Aaa AAA 5.7 +42 area +42 Swaps A-3...

July 24, 2001 FARMINGTON, Conn. – Konover & Associates Inc., a Connecticut investment firm, has decided to sell its portfolio of 67 shopping centers. The company, which declined to speak about specifics of its offering, said it plans...

July 23, 2001 INDIANAPOLIS – Duke Realty Corp. (NYSE:DRE) commenced about $150 million of new developments and third-party construction contracts in the second quarter, according to a statement from the firm. The investments include $85 million of new...

July 23, 2001 NEW YORK – SL Green Realty Corp. (NYSE:SLG) and Prudential Real Estate Investors have formed an investment program that will invest up to $250 million in structured finance investments in New York City commercial real...

July 23, 2001 BINGHAM FARMS, Mich. – Malan Realty Investors, Inc. (NYSE: MAL) has filed its response to a lawsuit by Grand/Sakwa Acquisitions, LLC regarding the planned redevelopment of up to 90 acres at the intersection of Orchard...

July 23, 2001 INDIANAPOLIS – A portfolio of three class A office buildings and one office/flex property, all located in the Carmel suburb of Indianapolis and totaling more than 600,000 square feet, have been acquired by Zeller Realty...

July 23, 2001 NEW YORK – iStar Financial Inc. (NYSE:SFI) has hired Chase J. Curtis as senior vice president, credit.Curtis joins iStar Financial from Bank of America, according to a brief mention in iStar's second quarter earnings release.The...

July 23, 2001 LOS ANGELES – CB Richard Ellis Services Inc. (NYSE:CBG) has closed on its $800 million deal to go private by merging with Blum CB Corp., which is controlled by Blum Capital Partners.Under the terms of...