May 21, 2001Graybar finds 208,000-sf home at Parkway Center in Tampa Bay, Fla.The Business Journal of Tampa BayTAMPA BAY, Fla. - Crescent Resources LLC is building a 208,000-square-foot distribution center at Parkway Center at Oak Creek for Graybar...

May 21, 2001 Class Amount Sub. Rate Rating Moody's Rating Fitch Avg. Life Price Talk Priced Benchmark A-1 183.7 20.75 Aaa AAA 5.7 +41 area +41 Swaps A-2 536 20.75 Aaa AAA 9.6 +46 area +46 Swaps B...

May 18, 2001 50% stake in tower at Ravinia up for sale in Atlanta The Atlanta Journal-ConstitutionATLANTA - Royal Dutch/ Shell Group's pension fund wants to sell its 50 percent stake in 3 Ravinia Drive. The price tag...

May 18, 2001 Industrial parts plant to set up in Portsmouth, Va. The Virginian-PilotPORTSMOUTH, Va. - Hanmi International Corp. will build its plant at the PortCentre Commerce Park. The manufacturer of industrial parts and transporters plans to invest...

May 18, 2001 Developer has ideas for Circle C propertyAustin American StatesmanAUSTIN, Texas – Stratus Properties Inc. will propose a plan for its Circle C land in Southwest Austin. Stratus hopes its plan will resolve years of dispute...

May 18, 2001 NEW YORK – Fitch has upgraded four classes in 1633 Broadway Trust.The ratings are as follows: the $54.2 million class A-1 and the $44.3 million class A-2 were upgraded to single-A from triple-B-plus; the $15...

May 18, 2001 1st Quarter 2001 1st Quarter 2000 Company FFO (Mln) FFO/shr (diluted) Net Income (Mln) Net Income/shr (diluted) Revenue (Mln) FFO (Mln) FFO/shr (diluted) Net Income (Mln) Net Income/shr (diluted) Revenue (Mln) Amerivest Properties Inc. $413.1...

May 18, 2001 Yale Properties USA has acquired an R&D building in San Diego's Sorrento Mesa submarket for about $16.5 million, or roughly $153/sf.Yale, a privately owned real estate development and investment company, bought the Carroll Vista Center...

May 18, 2001 DALLAS – Bass Hotels & Resorts, owner of the Holiday Inn brand, is in talks to buy the hotel chain Wyndham International Inc.The talks are in the early stages and might not lead to an...

May 18, 2001 TOKYO - Standard & Poor's has assigned its average ranking outlook to Tokyo Servicer Inc. as a special servicer. The outlook is stable.Tokyo Servicer was established in October 1998 to conduct servicing operations. The company...

May 18, 2001 NEW YORK – Standard & Poor's has assigned its above average ranking to Hatfield Philips Inc. as a commercial special servicer.The ranking reflects the company's advancements in technology during the past year, which should help...

May 18, 2001 WASHINGTON - The Union Labor Life Insurance Co. has formed The Real Estate Equity Fund.The fund offers public and private pension funds and jointly managed trust funds ownership in income-producing properties.It will provide group variable...

May 18, 2001 NEW YORK – Fitch has upgraded CDC Securitization Corp., 1999-FL1 because loan payoffs have resulted in significant increases in subordination levels.The rating agency upgraded the deal's $41 million class B to triple-A from double-A; the...

May 18, 2001 NEW YORK - Standard & Poor's has placed its single-A-1 rating to the $109.1 million AML Leasing Trust commercial paper program on credit watch negative.The rating follows the placement of Aetna Life Insurance Co.'s credit...

May 18, 2001 Resort to rise on Concord siteThe New York TimesKIAMESHA LAKE, N.Y. – The developer who owns the 1,600-acre Concord property on Kiamesha Lake signed a deal with a hotel operator to build and manage a...

May 18, 2001 NEW YORK – Nomura Capital Investment Co. Ltd. has selected Lend Lease Real Estate Investments Inc. as primary servicer for a $120 million loan backed by 11 office and residential properties in Japan.Lend Lease Japan...

May 18, 2001 50% stake in tower at Ravinia up for sale in Atlanta The Atlanta Journal-ConstitutionATLANTA - Royal Dutch/ Shell Group's pension fund wants to sell its 50 percent stake in 3 Ravinia Drive. The price tag...

May 17, 2001 Development on the horizon in Forth Worth, TexasFort Worth (Texas) Star-TelegramFORT WORTH – The Walsh Ranch, 7,000 acres of rolling land that straddles Tarrant and Parker counties west of Fort Worth, might be headed toward...

May 17, 2001 Prudential Real Estate Investors is part of The Davis Cos. joint venture that has agreed to buy Polaroid Corp.'s four-building office and manufacturing campus in Waltham, Mass., for about $70 million.Polaroid said it expects net...

May 17, 2001 $40Mln redevelopment for Rochester Hills, Mich.The Detroit NewsROCHESTER HILLS, Mich. - Construction will begin next month on a $40 million redevelopment and expansion of Meadowbrook Village at Adams and Walton Roads. The 32-acre plan calls...

May 17, 2001 PALO ALTO, Calif. - Essex Property Trust Inc. (NYSE:ESS) will purchase up to $50 million of its common stock at a price not above $48/share.Proceeds from the sale of properties or working capital will be...

May 17, 2001 Wells Fargo banks on First Interstate TowerLOS ANGELES – Wells Fargo & Co has reportedly agreed to buy Equitable Life Assurance Society's 50 percent stake in the First Interstate Tower, a 1.3 million square-foot tower...

May 17, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterPacTen Partners has switched course with development plans for a site it owns in Valencia, Calif.The firm now plans to develop a 540,000-square-foot industrial technology park on...

May 17, 2001 LOUISVILLE, Ky. – Kindred Healthcare Inc., formerly Vencor Inc., has renewed its leases on 22 nursing centers with Health Care Property Investors (NYSE:HCP).The annual rent on the 10-year leases, which were due to expire in...

May 17, 2001 WASHINGTON – The per share fund from operations for REITS increased 7.5 percent on average in the first quarter, when compared with the same period last year.Year-over-year FFO per share growth for fourth quarter 2000...