March 1, 2001 NEW YORK – Citigroup Center for Community Development Enterprise has provided UrbanAmerica with a $75 million line of credit for the acquisition and improvement of properties leased to commercial and social services tenants in low-...

March 1, 2001 Fla. property sold to Houston REIT for $54 MlnThe Orlando (Fla.) SentinelORLANDO, Fla. - Weingarten Realty Investors, a Houston-based REIT, has purchased Colonial Plaza Marketcenter for $54 million from Cousins Properties Inc. Weingarten's only other...

March 1, 2001 Bental Corp. ? 4th-Qtr 00 4th-Qtr 99 12-mos 00 12-mos 99 FFO (Mln) $16.9 $19.0 $63.9 $59.9 FFO/shr (diluted) $0.59 $0.65 $2.23 $2.00 Net Income (Mln) $11.8 $6.3 $43.1 $20.9 Net/shr (diluted) $0.41 $0.21 $1.48...

March 1, 2001 A unit of Principal Capital Management has provided $10.5 million of mezzanine financing for One Old Country Road, a 320,000-square-foot office building in Carle Place, N.Y.The financing was provided by Principal Capital Acceptance Corp. through...

March 1, 2001 Class Amount ($mln) Sub. Rate Rating Fitch Rating Moody's Avg. Life Price Talk Benchmark A 50 55 AAA Aaa 1 +50-60 Libor B 6.7 49 AA Aa2 1.1 NA NA C 7.8 42 A A2...

March 1, 2001 Commercial Real Estate Direct Staff ReportAllied Capital Corp. (Nasdaq:ALLC) is raising $10 million through the sale of common shares to an institutional investor.The Washington-area small-business lender will use the capital for, among other things, purchases...

March 1, 2001 NEW YORK – Standard & Poor's has upgraded two classes of Credit Suisse First Boston Mortgage Securities Corp., 1998-FL1, because of improved credit enhancement and performance of the underlying collateral pool.The rating agency upgraded the...

March 1, 2001 MIAMI BEACH, Fla. - An affiliate of The Arden Group Inc. has purchased the Savoy Hotel at 455 Ocean Drive for about $18 million.The company acquired the building in a sale supervised by the U.S....

March 1, 2001 WEST PALM BEACH, Fla. – Christine A. Reich is stepping down as president of Ocwen Financial Corp. (NYSE:OCN) to spend more time with her family.Reich, who will continue as a consultant to the company, will...

March 1, 2001 BETHESDA, Md. - First Washington Realty Trust Inc. (NYSE:FRW) has completed the $800 million sale of the REIT to an affiliate of the California Public Employee's Retirement System.Holders of First Washington's common stock will receive...

March 1, 2001 National Golf Properties   4th-Qtr 00 4th-Qtr 99 12-mos 00 12-mos 99 FFO (Mln) $21.7 $20.2 $62.5 $59.7 FFO/shr (diluted) $1.06 $0.96 $3.00 $2.80 Net Income (Mln) $9.4 $9.1 $19.4 $17.3 Net/shr (diluted) $0.72 $0.73...

March 1, 2001 CHICAGO - Security Capital Group Inc. (NYSE:SCZ) has closed on the secondary public offering of Security Capital's shares of beneficial interest in Archstone Communities Trust (NYSE:ASN).Security Capital sold 29.5 million shares in the offering. The...

March 1, 2001 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterGoldman Sachs – which will be contributing $400 million of the investment capital for the latest Whitehall Street Real Estate Fund (its eighth, said to be...

March 1, 2001 NEW YORK – Fitch has upgraded four classes of Structured Asset Securities Corp., 1998-C2, because of significant mortgage payoffs.In addition, the rating agency withdrew the rating of five other classes (B, C, D, E and...

March 1, 2001 DALLAS – Silverleaf Resorts Inc. (NYSE:SVR) has retained UBS Warburg to help evaluate is strategic alternatives.As exclusive financial adviser, UBS Warburg will help Dallas-based Silverleaf review its business plan and financial restructuring. The firm replaces...

March 1, 2001 CHICAGO – The Westin Chicago LP, a Starwood Hotels partnership, has hired Jones Lang LaSalle Hotels to market the Westin Michigan Avenue Chicago at 909 North Michigan Ave. in downtown.Though an asking price could not...

March 1, 2001 CHICAGO – Kimco Realty Corp.'s KRC Acquisition Corp. beat out developer Klaff Realty LP in a bidding war for the marketing rights for Montgomery Ward & Co.'s properties, according to a report in Crain's Chicago...

March 1, 2001 Commercial Real Estate DirectThe Bond Market Association is scheduling a meeting next week to address new rules for securitization accounting under the Financial Accounting Standards Board that some believe will profoundly affect the sale and...

March 1, 2001 Trammell Crow Co. (NYSE:TCC) is reorganizing its internal operations and will create a national organization focused solely on the company's development and investment activities.The company also said it will cut costs by "focusing on inefficiencies...

March 1, 2001NEW YORK - Fitch has upgraded four classes of J.P Morgan's $191.5 million series 1996-C2 certificates.The $16.8 million class C is upgraded to double-A-plus from double-A-minus while the $16.8 million class D has been upgraded to...

February 28, 2001 NEW YORK – Moody's Investors Service has upgraded two classes of iStar Asset Receivables Trust, 2000-1, because of increased subordination levels resulting from principal payments.The rating agency upgraded the deal's Class B to Aaa from...

February 28, 2001 Class Amount ($mln) Sub. Level (%) Rating Fitch Rating Moody's Avg. Life Price Talk (bp) Benchmark A-1 160.9 26.00 AAA Aaa 5.7 45-47 Swaps A-2 418.1 26.00 AAA Aaa 9.6 55-57 Swaps B 46.9 20.00...

February 28, 2001 SEATTLE - Shurgard Storage Centers Inc. (NYSE:SHU) has completed a $75 million offering of 3 million shares of 8.75 percent Series D Cumulative Redeemable Preferred Stock.The shares have a $25/share liquidation preference and can be...

February 28, 2001 NEW YORK – Fitch has upgraded five classes of iStar Asset Receivable Trust, 2000-1 because mortgage prepayments and maturities have led to an increase in the deal's subordination levels.The rating agency upgraded the classes as...

February 28, 2001 COLLEYVILLE, Texas - Wild Pony Colleyville LLC has purchased the Village Park Shopping center from Praedium Centennial Associated LP.The center, located at 4709-4843 Colleyville Blvd., contains 45,153 square feet of net rentable space. The Staubach...