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 17, 2001 Nextrom signs lease with ProLogis in Atlanta distribution park ATLANTA - ProLogis has signed a multiyear lease with Nextrom for 51,600 square feet of industrial space in ProLogis Park Sugarloaf. The company will occupy the...

April 17, 2001 KANSAS CITY, Mo. – UBS Realty Investors LLC has outsourced the servicing of its $534 million commercial mortgage portfolio to Midland Loan Services Inc.The addition means Midland services a portfolio of 3,600 loans totaling $11.5...

April 17, 2001 ORLANDO, Fla. – IRT Property Co. (NYSE:(NYSE: IRT) has acquired a 102,985-square-foot shopping center in the city's Winter Park area for about $8 million.The Unigold Shopping Center is 97 percent leased and anchored by a...

April 17, 2001 DOMINICAN REPUBLIC – Bass Hotels & Resorts (NYSE:BAS) will build two Crowne Plaza hotels here, one in the capital, Santo Domingo, and one in Santiago.The $16 million Crowne Plaza in Santo Domingo, on El Malecon...

April 17, 2001 The owners of the Bank of America building in downtown San Francisco have reportedly pulled the trophy office tower off the sales block.The Shorenstein Co. and BofA are looking for other ways to recapitalize the...

April 17, 2001 DENVER - AmeriVest Properties Inc. (NYSE:AMV) will purchase shares of its common stock for its dividend reinvestment plan.The purchase will be in the open market for its first-quarter dividend of $0.125/share, payable to shareholders of...

April 17, 2001 BILLERICA, Mass. – McCracken Financial Software Inc., an affiliate of GMAC Commercial Mortgage, has acquired FASRE Field Services Inc., a large commercial property inspection firm.The purchase gives McCracken, whose software is widely used by servicers...

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 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 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 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 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 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 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 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 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 12, 2001 COLUMBIA, Md. – Humphrey Hospitality Trust (Nasdaq:HUMP) has appointed Cohen & Steers Capital Advisors LLC as financial adviser to assist in exploring the REIT's various alternatives.The decision is a result of a $2.4 million loss...

April 12, 2001 SAN DIEGO – Pan Pacific Retail Properties Inc. (NYSE:PNP) has sold $150 million of 7.95 percent senior notes due April 15, 2011.The notes were priced at 99.225 percent.Proceeds were used to retire the company's $100...