March 9, 2001 NEW YORK – First Union Real Estate Equity and Mortgage Investments (NYSE: FUR) has completed the sale of certain of its real estate for $205 million in cash and debt to Radiant Investors LLC.Of the...

March 9, 2001 Lend Lease Real Estate Investments provided $11.8 million of financing through a Fannie Mae program for the purchase of Summerchase Apartments in Duluth, Ga.A March 7 story, "Fannie Mae Provides $11.8 Mln Loan for Georgia...

March 9, 2001 LaSalle Hotel Properties paid well north of $40 million for the four downtown Washington, D.C., hotels it just bought from local investment group AGCCM Hotels LLC.The portfolio of hotels, totaling 502 units, had originally been...

March 9, 2001CHICAGO – A national condominium developer paid $20.5 million for a 189-unit apartment building in Chicago and plans to convert it into condominiums.Polo Builders bought the 44-year-old property, Marine Terrace Apartments at 4180 N. Marine Drive,...

March 9, 2001 GARDEN GROVE, CA – Frome Development Omega LLC bought a 218,000-square-foot industrial complex from Voit Cal Portfolio Partners of Newport Beach, Calif., for $14.8 million.The property, built in 1978, is at 12755-12891 Western Avenue.Voit Commercial...

March 8, 2001 By Patrick Crowley, Commercial Real Estate Direct Contributing Editor A joint venture involving a construction company and a family of turkey farmers is hoping to develop a 1 million-square-foot business park on 60 acres of...

March 8, 2001 Industry News: Fla. warehouse project sells for $14.2 Mln Daily Business ReviewREEFF America REIT II Corp. bought a 254,960 sf warehouses on 12.95 acres from AMB Property Ltd. for $14.2 million or $55.70/sf. The property...

March 8, 2001 NEW YORK – Brian L. Phillips has joined Fitch as a senior director in the firm's REIT group.Prior to joining Fitch, Phillips worked in the fixed income research group at Barclays Bank PLC and Donaldson,...

March 8, 2001 ATLANTA – D. Boyd Johnson has joined Lend Lease Real Estate Investments Inc. as a principal within the company's fixed income investments group. Johnson heads the company's debt advisory group, which is responsible for over...

March 8, 2001 WESTON, Fla. – L&J Schmier Management and Investment Co. has received $22.4 million of fixed-rate financing from Lehman Brothers for the purchase of the Weston Corporate Centre I and II, from Cigna Corp.The loan carries...

March 8, 2001 COLUMBUS, Ohio – Red Capital Advisors LLC, a Fannie Mae delegated underwriter and servicer, has provided $18.5 million of financing for Courtyard at San Marcos, an upscale assisted-living facility near San Diego.Red Capital, which was...

March 8, 2001Clarification: Lend Lease Provides $11.8 Mln Loan for Georgia Apartment BuyLend Lease Real Estate Investments provided $11.8 million of financing through a Fannie Mae program for the purchase of Summerchase Apartments in Duluth, Ga.A March 7...

March 8, 2001NEW YORK – Moody's Investors Service has upgraded four tranches of BTR-2 Trust, 1999-S1, because of a "significant" increase in subordination due to collateral loan paydowns.Class B was upgraded to Aaa from Aa2; Class C went...

March 8, 2001 Developer Barclay Group has secured $45 million in joint venture funding for a power center it's developing in Phoenix.The 500,000-square-foot project is on 65 acres at 91 Street and Northern Avenues in the Peoria section...

March 8, 2001LaSalle Hotel Properties (NYSE:LHO) has bought four full-service hotels with a total of 502 guestrooms in the heart of Washington, D.C. The properties were purchased from AGCCM Hotels LLC, a Washington-based investment group. The firm last...

March 7, 2001 MURFREESBORO, Tenn. – National Health Investors, Inc. (NYSE: NHI), a health care real estate investment trust, will pay a first quarter preferred stock dividend of 53.125 cents per share to shareholders of its cumulative convertible...

March 7, 2001 Capital Pacific Holdings Inc. has secured construction financing for the St. Regis Hotel Monarch Beach Resort in Dana Point, Calif.The Newport Beach, Calif., developer last summer hired Sonnenblick-Eichner of Los Angeles to help find financing...

March 7, 2001 Zethus Inc., the highly touted leasing site funded by Goldman Sachs, is apparently closing up shop.According to the Wall Street Journal, Goldman, which invested some $15 million in the site, would no longer fund the...

March 7, 2001 Class Amount ($mln) Sub. Rate Rating S&P Rating Moody's Priced* Benchmark A 254.1 36.1 AAA Aaa +26 Libor B 18.2 32.2 AA+ Aaa +36 Libor C 53.8 20.7 AA- Aa2 +55 Libor D 61.1 7.6...

March 7, 2001 Industry News: REIT buys Delray Beach, Fla., apartments for $17.9 MlnDaily Business ReviewDELRAY BEACH, Fla. - RREEF America REIT II Corp. bought 212 rental apartments in Delray beach from Lincoln Florida at Lakeview Ltd. for...

March 7, 2001 O & Y Properties may pursue REIT strategyTORONTO - O&Y Properties Corp. said it is considering becoming a REIT, responding to speculation that it would take that route. However, the company said it has not...

March 7, 2001 BOSTON – Visible Markets Inc. has launched its fixed-income securities trading platform for Global Link, an Internet initiative of State Street Corp.The Visible Markets platform will permit users of Global Link to trade asset-backed securities,...

March 7, 2001NEW YORK - Insignia Financial Group Inc. (NYSE:IFS) has purchased Grupo Inmobiliario Inova S.A de C.V. for an undisclosed amount.Inova, based in Mexico City, provides corporate real estate services, capital markets services andinvestment/development services throughout Mexico....

March 7, 2001 AUSTIN, Texas – AMI Capital Inc. has provided a $10.8 million low-income housing tax credit loan on the Lodge at Merrilltown, an aged-restricted apartment community in Austin, Texas.The 18-year loan, which refinanced an existing loan,...

March 7, 2001 RALEIGH, N.C. – Konover Property Trust Inc. (NYSE:KPT) has appointed J. Michael Maloney as interim president and chief executive officer.The appointment follows the resignation of C. Cammack Morton, as president, chief executive officer and director...