April 27, 2001 MEMPHIS, Tenn. – AF Memphis LLC has received $17.7 million in permanent financing from Nationwide Life Insurance Co. for a 1.1 million-square-foot warehouse building.The 10-year fixed-rate loan has a 25-year amortization and carries an interest...

April 27, 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) Agree Realty Corp. $3.1...

April 27, 2001 Special to Commercial Real Estate DirectCrown Realty & Development has purchased office properties in Brea, Calif., and Colorado Springs, Colo., totaling about 320,000 square feet, for $33 million.The Brea deal includes two recently renovated two-story...

April 27, 2001 NEWTOWN SQUARE, Pa. - Brandywine Realty Trust has closed on a $66 million loan with Metropolitan Life Insurance Co.The 12-year loan is secured by nine properties and has a fixed 7.25 percent interest rate and...

April 27, 2001LOS ANGELES - Westfield America Inc., one of developer Larry Silverstein's partners in its agreement to lease Manhattan's World Trade Center, will lease and manage 427,448-square-feet of retail space in the massive property. As previously reported,...

April 27, 2001 PLEASANT HILL, Calif. – Burnham Pacific Properties (NYSE:BPP) has closed on the sale of the downtown Pleasant Hill Shopping Center for about $62.4 million to Retail Value Investment Program.The buyer is a joint venture of...

April 27, 2001 ATLANTA – Roberts Realty Investors Inc. (AMEX:RPI) has received a $17 million construction/permanent loan from Compass Bank.Proceeds will be used to complete construction of the 250-unit Old Norcross community. Construction is expected to be completed...

April 27, 2001 Sunrise, Fla., apartments sell for more than $11MlnDaily Business ReviewSUNRISE, Fla. - Summerbreeze Sunrise Apartments LLC bought a 260-unit project at 9997 Summerbreeze Drive from Kimmins Realty Investment Ltd. for $11.38 million.Regulations lead Atlanta developer...

April 27, 2001 Class Amount ($mln) Rating Moody's Rating S&P Avg. Life Pricetalk Revisedtalk Benchmark A 154.8 Aaa AAA 5 +28 area +30 area Libor B 105.5 Aaa AA 5 +40 area +43 area Libor C 86.8 A1...

April 27, 2001 2 Montreal apartment towers plannedThe Montreal GazetteMONTREAL - Local investors are planning to build two projects which will add as many as 461 units of high-end rental construction downtown. One project will be 1445 Stanley,...

April 27, 2001 Special to Commercial Real Estate DirectO'Hearn Trust has acquired the Home Depot store in San Fernando, Calif., for $14.65 million.The property sits on an 8.7-acre site. Home Depot is expanding the store and related facilities...

April 27, 2001 MILWAUKEE – Schlitz Rivercenter LLC received $29 million in permanent financing from LaSalle Bank for a 470,000-square-foot office building.The four-story Rivercenter Office Building also includes warehouse space.The 10-year loan has a 30-year amortization and carries...

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 26, 2001 Larry Silverstein, Westfield America Inc. (NYSE:WEA) and investor Lloyd Goldman have just clinched a lease on the World Trade Center, Manhattan's biggest real estate trophy.The 99-year net lease on the 10.6 million-square-foot office and retail...

April 26, 2001 GREENSBORO, N.C. – Steven D. Bell & Co. is selling 12 apartment properties in the Southeast to the Berwind Property Group of Philadelphia in a deal valued at more than $136 million.Bell, a real estate...

April 26, 2001TORONTO – Canadian Apartment Properties Real Estate Investment Trust (TSE:CAR) has acquired two apartment buildings in Ontario – one in Mississauga and another in Toronto.CAP REIT paid C$11.2 million (US$7.2 million, or $52,852/unit) for the 137-suite...

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...