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 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 12, 2001 NEW YORK – W.P. Carey & Co. LLC (NYSE:WPC) has purchased four facilities from Gibson Guitar Corp. for $22 million.W.P. Carey purchased the sites on behalf of Corporate Properties Associates 14 Inc., one of its...

April 12, 2001 Charlotte, N.C., cotton mill to become lofts Charlotte (N.C.) ObserverCHARLOTTE, N.C. - Winter Properties has begun renovating the city's historic Highland Park Mill No. 3 into loft offices. This is the first phase of a...

April 12, 2001 AMB PROPERTY   1st-Qtr 01 1st-Qtr 00 FFO (Mln) $51.5 $49.4 FFO/shr (diluted) $0.57 $0.55 Net Income (Mln) $42.3 $28.9 Net/shr (diluted) $0.50 $0.34 Revenue (Mln) $144.8 $110.3 Shares Outstanding (Mln) 90.5 89.7

April 12, 2001 PRIME RETAIL   4th-Qtr 00 4th-Qtr 99 12-mos 00 12-mos 99 FFO (Mln) $13.5 $3.1 $58 $84.2 FFO/shr (diluted) $0.14 $(0.06) $0.65 $1.10 Net Income (Loss) (Mln) $(117.1) $(61.4) $(165.1) $(44.8) Net/shr (Loss) (diluted) $(2.69)...

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 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 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 Commercial Real Estate Direct will not publish tomorrow, Friday, April 13. We will resume publishing Monday morning, April 16.

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...

April 12, 2001 The New York State Teachers Retirement System has provided $67.5 million in financing for 1900 K Street, a 337,000-square-foot trophy office building in Washington, D.C.National Office Partners – a partnership of the California Public Employees'...

April 12, 2001 CHINO, Calif. –TimesSquare Real Estate Investors has provided $34 million in financing to the Carson Cos., its venture partner for the development of the Chino Business Park.Phase I of the speculative park will include two...

April 12, 2001 SEATTLE – AvalonBay Communities has purchased 995 apartment units in three communities for $129.3 million during the first quarter.The properties are: the 333-unit Avalon Wynhaven; the 424-unit Avalon Brandemoor; and the 238-unit Avalon Wildwood.The company...

April 12, 2001 NEW YORK - Fitch has removed TrizecHahn's $167.5 million senior notes for rating watch negative and returned the outlook to stable.The triple-B-minus rating of the 10.875 percent notes has been affirmed. The action was prompted...

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...

April 11, 2001 Post Creek sells Atlanta apartment complex for $67.3MlnThe Atlanta Journal-ConstitutionATLANTA - Post Properties sold its Post Creek apartment complex west of Doraville to Investcorp for $67.25 million. The company will use the proceeds to pay...

April 11, 2001 DALLAS – American Realty Investors Inc. (NYSE:ARL) has increased its stake in Transcontinental Realty Investors Inc. (NYSE:TCI) to 46 percent.American Realty bought nearly 1.9 million common shares, or 21 percent, of Transcontinental Realty from Gotham...

April 11, 2001By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterMorgan Stanley Dean Witter Mortgage Capital is out with the $279.8 million securitization of two "super-regional" malls in Virginia and Illinois totaling 3.3 million square feet.The transaction...

April 11, 2001 WASHINGTON – Moody's Investors Service Inc. – which pleaded guilty yesterday to an obstruction of justice charge stemming from destruction of documents during a 1996 antitrust probe – has restructured several management positions.The reassignments follow...