June 29, 2001 HARRISON, N.Y. – Vornado Realty Trust (NYSE:VNO) has entered into an agreement to sell an office building in upstate New York for about $95.75/sf.The REIT is selling its leasehold interest in 550/600 Mamaroneck Ave., a...

June 29, 2001 TAIPEI, Taiwan – Jones Lang LaSalle (NYSE:JLL) has entered Taiwan with the acquisition of property consultancy firm Investec Taiwan Ltd.Calvin Wang, president of Investec, has been appointed managing director of Jones Lang LaSalle Taiwan and...

June 29, 2001 Commercial Real Estate Direct Staff ReportPatrick J. Cassidy, chairman of the board and managing director of brokerage firm Cassidy & Pinkard, died today, June 29, after a two-year battle against brain cancer. He was 55...

June 29, 2001DALLAS – HQ Global Workplaces has named David J. Rupert chief executive officer of the company, effective July 3. He replaces Gary Kusin, who is leaving after three years at HQ to pursue a position at...

June 29, 2001 A New York investment firm has agreed to buy 63 Wall St. in downtown Manhattan, according to the New York Post.But the firm, Kingston Investors, which is led by Peter E. Krulewitch, is waiting to...

June 28, 2001INDIANAPOLIS - Ray Weeks has resigned his position as vice chairman of Duke-Weeks Realty Corp.'s (NYSE:DRE) Board of Directors.There are no plans to fill the vacancy. The resignation has resulted in a board with 13 members,...

June 28, 2001 The Rouse Co. (NYSE:RSE) today confirmed that it is looking to sell the Hughes Center, a massive, Class-A mixed-use business park in Las Vegas.The Columbia, Md., retail REIT has retained Merrill Lynch & Co. to...

June 28, 2001 LAKE TAPPS, Wash. – Fremont Investment and Loan has provided $13.6 million in floating-rate bridge financing for the redevelopment of the Market at Lake Tapps Shopping Center, owned by Time Equities Inc. and William Felton...

June 28, 2001 LOS ANGELES – Equity Office Properties Trust (NYSE:EOP) has purchased a 87.5 percent equity interest in a joint venture with Maguire Partners to develop a 450,000-square-foot office complex.The total cost for the purchase of the...

June 28, 2001 TOLEDO, Ohio - Health Care REIT Inc. (NYSE:HCN) will offer an additional 450,000 common shares at $22.75/share.The shares were added to the REIT's offering of 3 million common shares when the underwriters of the offering...

June 28, 2001 NEWTON, Mass. – Senior Housing Properties Trust (NYSE:SNH) has priced a public offering of 3.2 million common shares of beneficial interest for $13/share.The settlement is expected to occur on July 3.In addition, SNH has granted...

June 28, 2001 BOSTON – Jamestown has completed its $375 million, or $341/sf, purchase of One Federal Street in Boston. The property was purchased from Clarion Partners, which owned it on behalf of the IBM Retirement Fund. The...

June 28, 2001 TETERBORO, N.J. – Keystone Property Trust (NYSE:KTR) has agreed to sell a 332,352-square-foot distribution center for $35 million to an undisclosed buyer.The sale is anticipated to close in August. The property is at 200 Industrial...

June 28, 2001 The Manhattan office market continues to soften and for the first time has seen a decline in asking rents.According to New York City Office Market Trends by Grubb & Ellis, another 1.3 million square feet...

June 28, 2001 WASHINGTON – The SEC has signed a lease valued at no less than $365 million for a new headquarters that will be built in Washington.Louis Dreyfus Properties LLC of New York will develop the building,...

June 28, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterNorth America's Cresa tenant representation network now has even greater access to Europe-based space users – and vice versa.France-based European brokerage services giant Grope Vendome Rome has...

June 28, 2001 Cost watcher at Orlando, Fla., convention center wants more moneyOrlando (Fla.) SentinelORLANDO, Fla. - O'Brien Kreitzberg has asked Orange County for more money to oversee the $748 million convention-center expansion. The request for more money...

June 28, 2001 Equity Office Properties Trust and Lend Lease US Office Trust, the joint owners of Promenade II in Atlanta, have increased the debt secured by the 38-story office tower by $20 million.The Lend Lease venture will...

June 28, 2001 OAK BROOK, Ill. – Banyan Strategic Realty Trust (Nasdaq:BSRTS), which has sold nearly all its assets to Denholtz Associates, still has three properties on its books. While the company tries to dispose of the three...

June 27, 2001 NEW YORK – Fitch has upgraded Asset Securitization Corp., 1995-D1, because amortization and loan payoffs have resulted in increased subordination levels. The rating agency has upgraded the deal's $12.7 million class A-2 to double-A-plus from...

June 27, 2001 TORONTO – O&Y Real Estate Investment Trust has completed its initial public offering of 15 million limited voting units at a price of C$10 per unit, resulting in total proceeds of C$150 million.The limited voting...

June 27, 2001FORT LAUDERDALE, Fla. - Extended Stay America Inc. (NYSE:ESA ) has completed the private placement of $300 million of 9.875 percent senior subordinated notes due 2011.Proceeds will be used to repay debt under existing credit facilities....

June 27, 2001 ARLINGTON, Va. - Charles E. Smith Residential Realty Inc. (NYSE:SRW) has begun a secondary public offering of 2.3 million shares of common stock.The preferred shares and units were purchased in September 1999 for about $90...

June 27, 2001 ROUND ROCK, Texas – GMAC Commercial Mortgage's Commercial Capital Initiatives has provided $10.8 million in financing for a 183,547-square-foot retail center.The Renaissance Square Shopping Center in Round Rock, which is outside of Austin, was built...

June 27, 2001 LOS ANGELES - CB Richard Ellis has named Calvin Frese chief operating officer/Americas.Frese will oversee the financial planning and strategic operations of all business units within the Americas with exception to CB Richard Ellis' independently...