July 23, 2001 DENVER – Robertson Properties Group has acquired Crescent V, a class-A office building in Denver, from TCD North Inc., the development subsidiary of The Denver Technological Center. The Los Angeles-based firm paid $16.8 million, or...

July 23, 2001 Championship golf courses are centerpiece of Falls projectBusiness First of BuffaloNIAGRA FALLS, Ontario. – Grand Niagara Resort Corp. is working with Niagara Falls, Ont., officials on a proposed C$150 million (US$97.2 million) development. Plans call...

July 23, 2001 NEW YORK – Brown Brothers Harriman & Co. has committed to move its long-time Wall Street operations to 140 Broadway, a 1.2-million-square-foot office tower owned by Silverstein Properties and Morgan Stanley Real Estate Fund III.Brown...

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 20, 2001 NEW YORK – Moody's Investors Service has upgraded Morgan Stanley Capital I Inc., 1997-XL1, because the properties securing the 12 collateral loans have performed well.The rating agency said it upgraded the deal's Class C to...

July 20, 2001 STAMFORD, Conn. – The Financial Accounting Standards Board's statement 140 was officially approved and implemented, effective yesterday, by the board's Emerging Issues Task Force.Sources say that there was not much discussion about the rules, officially...

July 20, 2001 By Susanna Potter, Commercial Real Estate Direct Staff WriterAnalysts and investors who tuned into a special conference call to learn more about Chelsea Property Group Inc.'s (NYSE:CPG) recent agreement to pay $180 million for a...

July 20, 2001 Cingular expects to move into Nortel office space in Alpharetta, Ga.The Atlanta Journal-ConstitutionALPHARETTA, Ga. - Cingular Wireless is negotiating to sublease 200,000 square feet of office space at Nortel Networks' campus at Windward and Westside...

July 20, 2001 Class Amount Sub. Rate Rating S&P Rating Fitch Avg. Life Price Talk Benchmark A-1 50 22 AAA AAA 2.5 +35 area Swaps A-2 153.25 22 AAA AAA 7 +44-45 Swaps A-3 573.75 22 AAA AAA...

July 20, 2001 NEW YORK – Lexington Corporate Properties Trust has amended the terms of its agreement to buy two Delaware limited partnerships in a deal valued at $140 million.Net 1 LP and Net 2 LP own 24...

July 20, 2001 BOCA RATON, Fla. – Teachers Insurance and Annuity Association – College Retirement Fund has sold the Boca Industrial Park to an undisclosed buyer for $24.85 million.The $64/sf price represents a capitalization rate, or initial yield,...

July 20, 2001 The Commercial Real Estate Direct CMBS global and domestic bookrunner rankings have been updated.Click here to view global and domestic bookrunner rankings.Comments? E-mail

July 20, 2001 NEW YORK – Fitch has upgraded four classes in American Southwest Financial Securities Corp., 1995-C1, and affirmed other classes it rates. The ratings are as follows: The $17.6 million class A-3 to triple-A from single-A-plus;...

July 20, 2001 NEW YORK – REITS could be affected by Albertson's Inc. decision to close 165 of its grocery and drug stores over the next year.REITs with the biggest exposure to Albertson's stores are Regency Centers Corp.,...

July 19, 2001 WHITE PLAINS, N.Y. – Starwood Hotels & Resorts Worldwide (NYSE:HOT) has retained Deutsche Bank, Jones Lang LaSalle and JP Morgan to market for sale its Ciga hotel portfolio. As previously reported in December 2000, industry...

July 19, 2001 NEW YORK – Fitch has launched a scoring system for evaluating large loans that are securitized. The system, Fitch Large Loan Index, provides a numerical score ranging from zero to six, with six being the...

July 19, 2001 BOCA RATON, Fla. – Jefferson Pilot Life Insurance Co. has provided $12 million in permanent financing for the Palmetto Park Square retail center. Holliday Fenoglio Fowler arranged the 20-year, fixed-rate financing on behalf of Selig...

July 19, 2001 BUSAN, South Korea – EDG plans build a 215 billion won ($162 billion), three-story, 56,000-square-meter shopping center in the city.EDG Korea LLC will develop, finance and operate Centum City Pavilions, according to The Wall Street...

July 19, 2001 ROCHESTER, N.Y. – Home Properties (NYSE:HME) has paid $47.5 million for the former Windsor at Hauppauge, a 297-unit apartment complex on Long Island, N.Y.Home has renamed the property Home Properties of Hauppauge. It funded the...

July 19, 2001 Office tower to be developed in downtown OttawaOTTOWA - Canril Corp. and Morguard Investments Ltd. are filing an agreement that will see the development of a 250,000-square-foot office tower facing Queen Street and Sparks Street...

July 19, 2001 Banking on a new building in BirminghamThe Birmingham (Ala.) NewsBIRMINGHAM, Ala. - SouthTrust Corp. has begun construction on an office building at its Wildwood campus. The facility will be located north of Wildwood II. The...

July 19, 2001 NEWPORT BEACH, Calif. – Health Care Property Investors (NYSE:HCP) has agreed to buy 12 medical office buildings and six health-care research and laboratory facilities for about $126 million. The REIT is buying the 863,759 square...

July 19, 2001 MELVILLE, N.Y. – Precept Corp., which has developed an online mortgage underwriting system, has added two marketing executives to its ranks. The firm has hired Angela Strauss to head up marketing on the West Coast...

July 19, 2001 ORLANDO, Fla. – The Peabody Hotel Group, of Memphis, Tenn., has purchased a 50 percent stake in the Peabody Orlando hotel. Terms were not disclosed.The transaction gives the company full ownership of the 891-key resort...