March 20, 2001 Town Center will give Harrisburg, N.C., a Main StreetThe Charlotte (N.C.) ObserverHARRISBURG, N.C. - J & B Development and Management has formed a joint venture with JDH Capital to develop and own the initial office/retail...

March 20, 2001 NEW YORK - Newmark & Co. Real Estate Inc. has merged with Jacobson, Goldfarb & Tanzman Co. LLC.The merger combines Newmark's existing New Jersey capabilities and national reach with JGT's New Jersey market presence, according...

Editor's note: This story was updated March 21 to include Moody's specific upgrades, originally published here March 19, but omitted in a later posting. March 20, 2001JOHNSTOWN, Pa. - Moody's Investors Service has upgraded the rating on five...

March 20, 2001 Commercial Real Estate DirectMorgan Stanley Dean Witter and Goldman Sachs will be co-bookrunners on a mammoth single-borrower CMBS transaction for TrizecHahn Corp. (NYSE:TZH) set for April.The $1.4 billion deal, which involves about 20 office properties...

March 20, 2001NEWPORT BEACH, Calif. – A lawsuit has been filed against Pacific Gulf Properties Inc. (NYSE:PAG), alleging the company's board breached their fiduciary duties.Kenneth Garvey alleges that Pacific Gulf's board violated their fiduciary duties by approving the...

March 20, 2001 By Brad Berton, Commercial Real Estate Direct Contributing WriterThe Phoenix area's industrial real estate market, which totals 183 million square feet, appears to be in as good a shape as it's ever been.The overall vacancy...

March 20, 2001 The Swiss property groups Feldsch?sschen-H?rlimann Holding and Swiss Prime Site intend to merge next month, a move that would form Switzerland's largest listed property group, according to EuroProperty, a monthly industry trade journal. SPS was...

March 20, 2001 The $91 million Danbury Fair Mall Trust, 2001-DFM single-asset deal from Morgan Stanley Dean Witter Mortgage Capital priced earlier this month. Class Amount Rating Moody's Rating Fitch Avg. Life Priced Benchmark A 20.3 Aaa AAA...

March 20, 2001 SILVERTHORNE, Colo. – Prime Retail Inc. (NYSE:PRT) has sold a 257,000-square-foot outlet center to Silverthorne Factory Stores LLC for about $29 million.Prime Retail plans to use the $9 million of net proceeds from the sale...

March 20, 2001 NEW ORLEANS – Julia Court LLC has received an $18 million loan for the 202-key Courtyard by Marriott New Orleans Convention Center from GMAC Commercial Mortgage. The loan carries a 25-year amortization. The five-story, 128,478-square-foot...

March 19, 2001 Developer plans $60 Mln project for High Point, N.C. The Business Journal of the Greater Triad Area HIGH POINT, N.C – Carolina Investment Properties Inc. is planning to add a significant amount of office and...

March 19, 2001 SPRUCE PINE, N.C. – Correctional Properties Trust (NYSE:CPV) has bought the Mountain View Correctional Facility from Corrections Corporation of America (NYSE:CXW).Correctional Properties Trust paid about $25.2 million for the 576-cell, medium-security prison, which is leased...

March 19, 2001 NEW YORK - Fitch has assigned its double-B-plus rating to the Apartment Investment and Management Co.'s offering of $55 million class Q cumulative redeemable preferred stock.Proceeds from offering will be used to reduce bank borrowings....

March 19, 2001 NEW YORK – Sonnenblick-Goldman Co. arranged the $135 million loan used for the recent acquisition of the Rihga Royal New York in Midtown Manhattan.The New York brokerage firm acted as adviser to Thayer Lodging Group,...

March 19, 2001DENVER – Newman Financial Services Inc., an affiliate of GMAC Commercial Holding Corp., has acquired the Paramount Financial Group LLC for an undisclosed sum.Granville, Ohio-based Paramount specializes in affordable housing investment funds that provide equity in...

March 19, 2001 Commercial Real Estate Direct Staff ReportA dozen lenders have so far agreed to compete for the right to originate loans underwritten through the Precept Corp. Internet-based platform.Precept, which is based in Oakland, Calif., has developed...

NEWPORT BEACH, Calif. - Health Care Property Investors Inc. (NYSE:HCP) closed $21 million of real estate investments during the first quarter.The company bought two health care facilities in Indiana for $14.8 million, which will be leased to a...

March 19, 2001 NEW YORK – Vornado Realty Trust (NYSE: VNO) is said to have worked out a deal with the Port Authority of New York and New Jersey to buy the 99-year lease on Manhattan's World Trade...

March 19, 2001 BRUSSELS, Belgium – Shurgard Europe has closed on its credit facility of 215 million euros (US$193.1 million) with its bank group, led by Credit Suisse First Boston.The facility was expanded from 140 million euros (US$125.7...

March 19, 2001 DALLAS - Prentiss Properties Trust (NYSE:PP) has closed on a five-year, $75 million unsecured term loan.The terms include an initial interest rate of Libor plus 137.5 basis points.Banking participants included Commerzbank as lead arranger and...

March 19, 2001 RICHMOND, Va. – John S. Schneider will retire as chief operating officer and director of United Dominion Realty Trust Inc. (NYSE:UDR) by the end of March.Tom Toomey, president and chief executive officer, will oversee apartment...

March 19, 2001 BETHESDA, Md. – AMI Capital Inc. has provided $16.6 million of fixed-rate financing under Fannie Mae's DUS program for a 506-unit apartment complex in Dallas.The 10-year loan carries a fixed-rate of 7.10 percent and amortizes...

March 19, 2001 WHITEFISH, Mont. – Winter Sports Inc. has selected Hines Resorts as developer of the $300 million base village at Big Mountain Ski & Summer Resort.Plans for the village, to be called Glacier Village at Big...

March 19, 2001 NEW YORK – Moody's Investors Service has upgraded GE Capital Mall Finance Corp., 1998-1, because the performance of the deal's underlying collateral properties has improved since issuance.The upgrades were as follows:– Class A-2 went to...

March 19, 2001 NEWPORT BEACH, Calif. – Nationwide Health Properties Inc. (NYSE:NHP) has named Donald D. Bradley as senior vice president and general counsel. Bradley was the general counsel of Furon Co., a polymer manufacturer. Comments? E-mail Christina...