April 26, 2001 Sun International Hotels Ltd. (NYSE:SIH) has sold the Resorts Casino Hotel to an affiliate of Colony Capital LLC for $144.5 million in cash and notes. Under the deal, Sun International received about $127 million in...

April 26, 2001 WEST CONSHOHOCKEN, Pa. – Keystone Property Trust (AMEX:KTR) has priced 7.5 million shares at $12.20/share, or $86.1 million. Proceeds of $29.4 million will be used to complete the purchase of 2.5 million shares and units...

April 26, 2001 The table below shows pricing released today on Credit Suisse First Boston's Ginnie Mae project deal from mid-March, scheduled for settlement this coming Monday. The first pay date is May 16. Collateral is composed of...

April 26, 2001 Daytona, Fla., advances beachfront transformation planThe News-Journal (Daytona, Fla.)DAYTONA BEACH, Fla. - The City Commission has voted to go ahead with a $300 million renovation of the beachside boardwalk area by Trammel Crow, Carlsberg Management...

April 26, 2001 NEW YORK – A group led by developer Larry Silverstein, which had been negotiating with the Port Authority of New York and New Jersey over a 99-year lease for the 10.6 million-square-foot World Trade Center,...

April 26, 2001NEW YORK – Boston Properties Inc. (NYSE:BXP) and Allied Partners will pay $755 million for Citigroup Center in Manhattan, once closing and other costs are factored into the deal. The REIT and its partner paid $725...

April 26, 2001 NEW YORK – W.P. Carey & Co. LLC (NYSE:WPC) has appointed Edward V. LaPuma as president of Carey Institutional Properties. LaPuma will be responsible for strategic and capital market decisions; he will continue as a...

April 26, 2001 Commercial Real Estate Direct Staff ReportThe Port Authority of New York and New Jersey is meeting at 2:30 this afternoon to decide the future of the World Trade Center. Late last night, the Authority was...

April 26, 2001 RioCan REIT enters lease transactions with major U.S. retailersTORONTO - RioCan REIT has entered into lease agreements with Old Navy and HomeSense. Three Old Navy stores are involved in the deal: A 20,000-square-foot store at...

April 26, 2001 ENGLEWOOD, Colo. – BentleyForbes has acquired a Class-A office building from RSA Cos. Inc. for $11 million.The property consists of a four-story, 65,179-square-foot building on 5.3 acres in the Southfield Business Park.RSA has signed a...

April 25, 2001 BELTSVILLE, Md. – Monmouth Real Estate Investment Corp. (Nasdaq:MNRTA) has acquired an industrial building from Scannell Properties #19 LLC for $9 million.The 109,735-square-foot structure is net leased to FedEx Ground Package System Inc. for 10...

April 25, 2001 NEW YORK - Fitch has upgraded four classes of Salomon Brothers Mortgage Securities VII Inc.'s 1996-C1 mortgage pass-through certificates.The following classes were upgraded:- $14.8 million class C to triple-A from double-A-plus- $9.5 million class D...

April 25, 2001 Cornerstone Realty Income Trust   1st-Qtr 01 1st-Qtr 00 FFO (Mln) $17.2 $18.3 FFO/shr (diluted) $0.32 $0.32 Net Income (Mln) $0.5 $24.6 Net/shr (diluted) $0.01 $0.65 Revenue (Mln) $35.9 $37.1 Shares Outstanding (Mln) 34.5 38.0

April 25, 2001 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterThe $1.14 billion CMBS conduit deal from G.E. Capital (Series 2001-1) is due to price this afternoon, traders say. Price guidance, shown below, is said to...

April 25, 2001 NEW YORK – Nissho Iwai American Corp. has formed an alliance with Whiteweld, Barrister & Brown Inc. to provide capital for real estate investments.The alliance would serve as a co-investor on deals originated by other...

April 25, 2001 LOS ANGELES – California State Teachers' Retirement System has committed to invest $45 million into the California Urban Real Estate Fund, a vehicle that aims to invest in commercial and residential developments in urban areas...

April 25, 2001 CALGARY, Alberta - Boardwalk Equities Inc. (NYSE:BEI) intends to sell up to 410,000 common shares from their combined holdings.The controlling shareholders own or have control of more than 17.2 million common shares, representing about 34.4...

April 25, 2001 Commercial Real Estate Direct Staff ReportKeystone Property Trust has filed to raise $93.9 million from a secondary stock offering of 7.5 million shares.Keystone will use proceeds of about $64.5 million to repay debt under its...

April 25, 2001 Washington Real Estate Investment Trust   1st-Qtr 01 1st-Qtr 00 FFO (Mln) $16.9 $14.8 FFO/shr (diluted) $0.47 $0.42 Net Income (Mln) $10.7 $10.9 Net/shr (diluted) $0.30 $0.31 Revenue (Mln) $35.3 $32 Shares Outstanding (Mln) 36.2...

April 25, 2001 Note: The price guidance seen below is originally from April 19. Talk was said to have tightened on some classes since that time. Class Amount Sub. Rate Rating Moody's Rating Fitch Avg. Life Price Talk...

April 25, 2001 RALEIGH, N.C. - Highwoods Properties (NYSE:HIW) will repurchase up to an additional 5 million shares and units of its current 61.9 million outstanding common shares and operating partnership units The shares will be purchased through...

April 25, 2001 The Chicago office of LaSalle Bank has provided $15 million in acquisition financing to Lake Creek Partners Ltd. for Lake Creek Festival, a 285,355-square-foot shopping center in Austin, Texas.Lake Creek paid a private pension fund...

April 25, 2001 NEW YORK - Reis Inc. has launched online commercial real estate forums for Atlanta, Chicago and Dallas at its Web site.The forums assist investment professionals with information on market conditions and transactions.The discussions allow real...

April 25, 2001 NEW YORK – SL Green Realty Corp. (NYSE:SLG) has agreed to sell 1412 Broadway to an affiliate of JER Partners, a subsidiary of J.E. Robert Cos., for $91.5 million.Under the terms of the transaction, SL...

April 25, 2001 TORONTO, Ontario - O&Y Properties Corp. (TSE:OYP) and CB Richard Ellis Ltd. have formed a partnership to develop facilities management and corporate real estate services in Canada.The venture, O&Y CB Richard Ellis Facilities Management, will...