June 25, 2001MELVILLE, N.Y. – Precept Corp. has opened an office in suburban New York.The office is in Melville, N.Y.The loan-underwriting firm will continue to be headquartered in Oakland, Calif., but opening up shop in New York allows...

June 25, 2001 Champion sells TradeCenter II to pension fund for $17Mln in MemphisMemphis (Tenn.) Business JournalMEMPHIS - Champion Partners has sold its 629,000-square-foot TradeCenter II facility for about $17 million to L&B Realty Advisors Inc. The pension...

June 25, 2001 BOSTON – Boston Devonshire Investors LLC has paid $18.72 million, or $237/sf, for 185 Devonshire St. in downtown Boston's financial district.The investment group purchased the 79,000-square-foot office building from AEW Capital Management. AEW was advised...

June 25, 2001 Commercial Real Estate Direct Staff ReportMoody's Investors Service has published a special report explaining why it maintains a critical eye toward bonds that were rated by other services and are included in collateralized debt obligations...

June 22, 2001 Prudential Real Estate Investors has acquired the Rossmor Regency, a senior-living facility in Laguna Woods, Calif., for $21.5 million, or about $102,380/unit.American Retirement Corp. (NYSE:ACR) sold the 210-unit community to Senior Housing Partners II LP,...

June 22, 2001 Special to Commercial Real Estate DirectCrown Realty & Development has purchased a 258,000-square-foot office/industrial property in El Monte, Calif., and quickly found a tenant for two-thirds of the property. Crown, an active commercial property developer/investor...

June 22, 2001Brazilians unveil $110Mln project in MiamiOrlando (Fla.) Sun-SentinelMIAMI – CL Financial Ltd. is teaming up with several partners, including Brazilian race car driver and Miami resident Emerson Fittipaldi, on the $110 million Mary Brickell Village project....

June 22, 2001 Starwood Hotels and Resorts Worldwide Inc. (NYSE:HOT) has agreed to a long-term management contract under which the company will operate the 310-unit Sheraton Salobre Hotel and Golf Resort that will be developed in the Gran...

June 22, 2001 JERICHO, N.Y. – The Board of Directors of Getty Realty Corp. (NYSE:GTY) has elected Leo Liebowitz as president and chief executive officer of the company.The board also elected Thomas J. Stirnweis as corporate controller and...

June 22, 2001 Metropolitan Properties of America has bought two upscale apartment communities in Texas that it will place under a brand of management it's launching.MPA bought the former Post Shores at 385 E. Las Colinas Blvd. in...

June 22, 2001 DENVER – Apartment Investment and Management Co. (NYSE:AIV) has paid $57.5 million for a 50 percent interest in Lincoln Place Apartments, a 795-unit complex in Venice, Calif.Aimco's purchase price included the assumption of $20 million...

June 22, 2001CHICAGO – Prudential Real Estate Investors and Panattoni Development Co. have signed an agreement to purchase AMLI Commercial Properties Trust's Chicago portfolio, four business parks in the Chicago suburbs. Terms of the deal, expected to close...

June 22, 2001 Summit REIT to sell Halifax office propertyTORONTO - Summit REIT has agreed to sell its Halifax office property for C$11.8 million (US$$7.7million), according to a company statement. The Class-B office tower, at 5991 Spring Garden...

June 22, 2001 Commercial Real Estate Direct Staff ReportRed Mortgage Capital has provided a total of $125 million of financing under Fannie Mae's delegated underwriter and servicer program, to a Portland, Ore., multifamily developer.Although the Columbus, Ohio, lender...

June 22, 2001 LONDON – Ashtenne Holdings PLC, a public British property company, is forming an investment fund with fund manager Morley Fund Management Ltd. and Commercial Union Life Assurance Co.The fund will be seeded with a portfolio...

June 21, 2001 MILPITAS, Calif. – Lexington Corporate Properties Trust (NYSE:LXP) has raised $17.1 million of mortgage financing for a 100,026-square-foot office/research building. The three-year, floating-rate loan bears a 6.92 percent interest rate. The property was previously unencumbered...

June 21, 2001 A development team led by RFR Holdings has put up for sale the Wellington Tower, an upscale rental apartment building in Manhattan's upper East Side, according to the New York Post.The newspaper said the fully...

June 21, 2001 Trinidad conglomerate considers $2Bln in Broward, Fla., real estate projects Orlando (Fla.) Sun-SentinelFORT LAUDERDALE, Fla. - CL Financial Ltd., based in Trinidad, plans to invest more than $2 billion in real estate redevelopment projects this...

June 21, 2001 Microsoft signs major lease in Mississauga business parkMISSISSAUGA, Ontario -Penreal Capital Management completed a long-term lease agreement with Microsoft Canada for the development of Microsoft's Canadian head office facility. The site is located at the...

June 21, 2001 NOTE: Deal is due to price this afternoon. Class Amount Sub. Rate Rating Fitch Rating S&P Avg. Life Price Talk Benchmark A 359.6 37.375 AAA AAA 1.8 +25-27 Libor B 39.5 30.5 AA AA 2...

June 21, 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 Christina Caprio, or call her at (215) 504-4288, Ext. 214.

June 21, 2001 MILPITAS, Calif. – Pacific Property Co. has closed on its purchase of the 137-unit Suntree Garden Apartments.The Palo Alto-based multifamily investment firm paid $21.05 million, or about 153,650/unit, for the complex, which as already reported,...

June 21, 2001 DENVER – Shareholders of AmeriVest Properties Inc. (AMEX:AMV) have approved issuing 1.1 million shares of restricted common stock to buy two multi-tenant office buildings, both in Denver.The purchase price for the building, known as Sheridan...

June 21, 2001 NEW YORK - Standard & Poor's raised its ratings on five classes of J.P. Morgan Commercial Mortgage Finance Corp.'s commercial mortgage pass-through certificates 1996-C3. The deals other classes have been affirmed.The rating agency upgraded class...

June 21, 2001 Class Amount Sub. Rate Rating Fitch Rating S&P Avg. Life Price Talk Priced Benchmark A 359.6 37.375 AAA AAA 1.8 +25-27 +27 Libor B 39.5 30.5 AA AA 2 +40-42 +40 Libor C 34.4 24.5...