April 17, 2001 HOUSTON - Kennedy-Wilson Inc. (NYSE:KWIC) has completed the acquisition of a suburban office portfolio consisting of three properties for the company's KWI Property Fund I LP.Terms of the deal were not disclosed.KWI Property Fund I...

April 17, 2001 DIAMOND BAR, Calif. – Pacific Gulf Properties Inc. (NYSE:PAG) has sold Daisy 7-11, the last of its properties in its southern California apartment portfolio, for $21.75 millionThe $106,617/unit price that Eagle Real Estate Group paid...

April 17, 2001 ATLANTA – A partnership between Hines and General Motors Asset Management has completed its purchase of the Atlanta Financial Center. The 900,000-square-foot building was originally slated to be purchased by Hines and General Electric's pension...

April 17, 2001ROCKVILLE, Md. – Criimi Mae Inc. (NYSE:CMM) is back in businesss.The once-dominant player in the subordinate CMBS market today completed its reorganization and emerged from bankruptcy.The company now owns a fraction of the CMBS it owned...

April 17, 2001 SCOTTSDALE, Ariz. – Franchise Finance Corp. of America (NYSE:FFA) has provided $50 million of fixed-rate mortgage financing to the Wills Group for its purchase of 78 Shell and Texaco gasoline outlets.The outlets are all dealer-operated...

April 17, 2001 Special to Commercial Real Estate DirectSkechers USA is about to take over the lease on a huge warehouse in the heart of southern California's booming Inland Empire distribution hub that is being vacated by bankrupt...

April 16, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterThe prestigious Brooks Institute of Photography in Santa Barbara, Calif., is expanding and relocating its film division with the lease of a 73,000-square-foot studio in Ventura.Terms of...

April 16, 2001 BEVERLY HILLS, Calif. – G&L Realty Corp. (NYSE:GLR) has agreed to sell its outstanding shares of common stock to its chief executive officer and its president.Under the healthcare REIT's agreement with CEO Daniel M. Gottlieb...

April 16, 2001ROCKVILLE, Md. – Criimi Mae Inc. (NYSE:CMM) is slated to emerge from bankruptcy tomorrow, April 17.The REIT, which had been arguably the most active buyer of subordinate CMBS before 1998, said all the key parties to...

April 16, 2001 BALTIMORE – Kramont Realty Trust (NYSE:(NYSE: KRT) has sold the Anneslie Shopping Center to a local office developer for $6.3 millionThe 173,000-square-foot retail center contained a vacant 94,000-sf, three-story department store building that formerly housed...

April 16, 2001 CHICAGO – PNC Bank has hired JBS & Associates of Chicago to market for sale some $20 million of nonperforming and charged-off commercial loans. JBS plans to sell the loans to the highest bidders via...

April 16, 2001 BOCA RATON, Fla. – The National Council on Compensation Insurance Holdings Inc. has paid $52.5 million, or about $169/sf, for its new corporate headquarters in Boca Raton.St. Joe Commercial, a unit of The St. Joe...

April 16, 2001 S.C. site tapped for development The Business Journal of Charlotte (N.C.)CHARLOTTE, N.C. - Robert C. Rhein Interests Inc. and The Crosland Group Inc. are planning a 482-acre, mixed-use project in Lancaster County that includes a...

April 16, 2001 NEW YORK – Fitch has upgraded two classes in Structured Asset Securities Corp.'s series 1994-C1.It also withdrew one rating and affirmed other classes it rates.The rating agency raised the $16.3 million class E to double-A...

April 16, 2001 Reflects tightening of guidance for the A-1 and A-4 tranches. No other classes were changed. Final pricing is expected mid-week. Class Amount Sub. Rate Rating S&P Rating Moody's Rating Fitch Avg. Life Price Talk Revised...

April 16, 2001 Two Penn Center and 11 Penn Center in Philadelphia's central business district are being put up for sale. According to the Philadelphia Business Journal, CB Richard Ellis has been hired by the owner of 11...

April 16, 2001 IRVING, Texas - American Industrial Properties REIT (NYSE:IND) will hold a special meeting of shareholders on May 14 to approve the REIT's agreement to sell itself to Developers Diversified Realty Corp. (NYSE:DDR)In addition, shareholders will...

April 16, 2001 GLENDALE, Calif. - Public Storage Inc. (NYSE:PSA) has increased the number of common shares it will repurchase to 25 million from 20 million.The shares may be repurchased periodically on the open market or in privately...

April 16, 2001 Commercial Real Estate Direct Staff ReportCriimi Mae, which said it would emerge from bankruptcy tomorrow, is getting $263 million of financing from Merrill Lynch and Deutsche Bank.In addition, the REIT – Criimi will remain a...

April 16, 2001 Equity Office Properties Trust (NYSE:EOP) has filed to sell up to $3 billion of unsecured debt.The REIT's operating limited partnership filed a shelf registration with the SEC to sell the debt securities and warrants.The REIT...

April 16, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterTerrapark Inc. has purchased a development site in downtown Los Angeles – the first such deal in the area in a decade.The New York firm purchased the...

April 12, 2001 SAN RAMON, Calif. - Cranbrook Realty Investment Fund LP has received $14 million financing for the Canyon Place Office Park.The property includes four two-story office buildings totaling 121,000 square feet. The properties include tenants such...

April 12, 2001 MESQUITE, Texas – Mitchell Vexler, owner of the Barons Apartments, has received $12.7 million in construction financing from South Trust Bank to develop Phase II at the complex.Phase II will consist of 240 units and...

April 12, 2001 Class Amount Rating Moody's Rating Fitch Rate Avg. Life Price Talk Benchmark A-1 41.8 Aaa AAA Fixed 5.6 +57-60 Swaps A-2 98.2 Aaa AAA Floating 10 +47-50 Libor B 27.1 Aa1 AA+ Fixed 9.9 +80-85...

April 12, 2001 WINSTON-SALEM, N.C., - Republic Mortgage Insurance Co., a subsidiary of Old Republic International Corp. (NYSE:ORI), has acquired RealtyLogix Inc. of Atlanta.Terms of the deal were not disclosed."The acquisition of RealtyLogix contributes to RMIC's strategy of...