May 3, 2001 Ground broken on $40Mln Palm Coast, Fla., beach club Daytona Beach (Fla.) News-JournalPALM COAST, Fla. - Construction has begun on the $40 million-plus Hammock Beach Club. The site is being prepared at the end of...

May 3, 2001Special to Commercial Real Estate DirectRREEF Funds has completed its acquisition of two new industrial buildings totaling 384,000 square feet within the Franklin Industrial Park in Franklin, Mass., about 20 miles southwest of Boston.The Chicago-based investment...

May 3, 2001 Class Amount Sub. Rate Rating Fitch Rating S&P Avg. Life Price Talk Priced Benchmark A-1 325.9 15 AAA AAA 5.7 +43-44 +41 Swaps A-2 529.7 15 AAA AAA 9.7 +47-48 +46 Swaps B 26.4 12.375...

May 3, 2001 NORTHBROOK, Ill. - Grubb & Ellis Management Services Inc. a subsidiary of Grubb & Ellis Co. (NYSE:GBE), has named Foster Werner vice president of facility management.Werner most recently served as vice president at AIG Global...

May 3, 2001 ARLINGTON, Va. - The Mills Corp. (NYSE:MLS) will issue $75 million of convertible preferred stock in a private placement.The stock has an initial coupon of 10.5 percent with 50 basis point increases in each of...

May 3, 2001 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterNomura Securities, which this year has been re-building its CMBS desk, is throwing a big party at the upcoming Commercial Mortgage Securities Association conference in New...

May 3, 2001GREENWICH, Conn. – Greenwich Capital Markets has hired Fred Matera as managing director to establish the firm's new CDO Group.Matera, who previously worked at Donaldson, Lufkin & Jenrette (and subsequently Credit Suisse First Boston), successfully established...

May 3, 2001 NEW YORK – Standard & Poor's raised its ratings on three classes of Nomura Asset Securities Corp.'s series, 1994-C3, and affirmed other classes it rates. The ratings are as follows: class A-3 to double-A-plus from...

May 3, 2001 HOUSTON – Stanley D. Levy, a former JP Morgan Chase real estate executive, has joined Morgan Group Inc. as executive vice president and chief financial officer.Levy, who formerly served as managing director for JP Morgan's...

May 3, 2001 Commercial Real Estate Direct Staff ReportThe New York State Teachers' Retirement System will invest up to $100 million as a limited partner in CT Mezzanine Partners II LP, a fund that will focus on high-yield...

May 3, 2001 Commercial Real Estate Direct Staff ReportAtlantic Gulf Communities Corp. (OTC Bulletin Board:AGLFE) has filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Delaware.The troubled developer of upscale residential...

May 3, 2001 UNIONDALE, N.Y. – Arbor Commercial Mortgage LLC have provided $12 million of mortgage financing for the Ridley Shopping Center in Ridley, Pa.The fully amortizing 16-year loan carries a rate of 7.33 percent. It was purchased...

May 3, 2001Commercial Real Estate DirectA $406.2 million commercial mortgage-backed securities bidlist is scheduled for noon today.The list is comprised of bonds from eight separate deals, including one floated in 1998 (Mortgage Capital Funding, 98-MC3) and one from...

May 3, 2001 Special to Commercial Real Estate DirectSan Francisco law firm McCutchen Doyle Brown & Enersen LLP has renewed and expanded its lease at the KPMG Tower atop Bunker Hill within downtown Los Angeles' Well Fargo Center...

May 2, 2001 NEW YORK – Standard & Poor's raised its ratings on three classes of Criimi Mae Trust I's series, 1996-C1, and affirmed ratings on three other classes it rates. The rating agency raised its rating on...

May 2, 2001 TORONTO - H&R REIT has completed the acquisition of four properties, including the flagship TransCanada PipeLines Tower in Calgary.The addition of the properties increases the REIT's asset base by $335 million, or 30 percent, to...

May 2, 2001 Special to Commercial Real Estate DirectConfirming a months-long rumor, drugstore.com has publicly said it has cancelled its lease for 140,000 square feet at the proposed Lincoln Square, a mixed-use project in downtown Bellevue, Wash.The lease...

May 2, 2001 SYDNEY, Australia – Jones Lang LaSalle Hotels is marketing for sale a four-star hotel that opened in Western Sydney just prior to last August's Olympics.The 12-story Sebel Parramatta Hotel contains 174 units, a restaurant, bar,...

May 2, 2001 SECANE, Pa. – Riddler Associates received $9.7 million in fixed-rate permanent financing through the Freddie Mac Program Plus for a 266-unit apartment complex. The Laurel Manor, at 1250 Providence Road, consists of nine two-story buildings....

May 2, 2001 Kimco Realty Corp. (NYSE:KIM) has filed with the SEC allowing the company to sell up to $750 million of debt securities, common and preferred stock, depositary shares and warrants.Kimco registered $643.3 million for eventual sale...

May 2, 2001 OAKLAND, Calif. – Precept Corp. has signed a deal with Cohen Financial to drive a projected $5.5 billion of loan applications through its online commercial mortgage program, according to The Wall Street Journal. As previously...

May 2, 2001 BJ's Warehouse to fill retail gap in Charlotte, N.C. CHARLOTTE, N.C. - The Target store on Independence Boulevard will be torn down and replaced with a BJ's Warehouse Club. The empty store is one of...

May 2, 2001 Commercial Real Estate Direct Staff ReportA unit of MONY Life Insurance Co. has provided $45 million of construction financing to Dennis Herman, who is developing the Beekman Regent, a high-end residential condominium project on Manhattan's...

May 2, 2001 MIAMI – Corporate Center Holdings has purchased the Lennar Corporate Center from Plantation Development Co. for $21.5 million. The 281,985-square-foot office property, on the west side of 107th Ave., consists of four four-story buildings. Major...

May 2, 2001 Priced April 30. Class Amount ($mln) Rating Moody's Rating S&P Avg. Life Pricetalk Revisedtalk Priced Benchmark A 154.8 Aaa AAA 5 +28 area +30 area +30 Libor B 105.5 Aaa AA 5 +40 area +43...