January 8, 2001 NEW YORK – Fitch has withdrawn its ratings on Central Life Assurance's 1994-1. The notes have been paid in full and were terminated as of Dec. 15, 2000.

January 8, 2001 Hines to buy Atlanta Financial CenterReal Estate Finance & Investment, January 8ATLANTA – Hines Properties will buy the 885,000-square-foot Atlanta Financial Center for more than $160 million, or $181/sf. Tenants include, Robinson Humphrey and Sedgewick...

January 8, 2001 (NewsTraders.com) – Interstate Properties disclosed today in regulatory paperwork that it has lowered its equity stake in Insituform Technologies (Nasdaq:INSUA) to 3.7 percent from 5.3 percent and now controls 912,672 shares of the construction services...

January 8, 2001 NEW YORK – Rob Stiles, the founding managing director of Sonnenblick-Goldman Co.'s Asian operations, is joining the U.S. firm as a principal and managing director in its San Francisco office. Stiles, who is currently based...

January 8, 2001 JERSEY CITY, N.J. – Charles Schwab & Co. has fully preleased the Harborside Financial Center Plaza 10, a 575,000-square-foot Class-A office property being developed by a joint venture between Mack-Cali Realty Corp. (NYSE:CLI) and Columbia...

January 8, 2001 GERMANTOWN, Tenn. – Hilton Hotels Corp. has agreed to manage 16 Hilton-branded hotel properties for two years, including 15 Hampton Inns and one Homewood Suites by Hilton, owned by Equity Inns Inc. (NYSE:ENN).The properties were...

January 5, 2001 LAS VEGAS – As anticipated, Station Casinos Inc. (NYSE:STN) has closed on its $185 million purchase of the Fiesta Casino Hotel in North Las Vegas. The new owner plans to keep the property's Fiesta name...

January 5, 2001 Westbrook Partners has secured a $170 million loan for its purchase of a half interest in downtown Boston's One Beacon St.An unidentified offshore bank is providing the loan, which was arranged by Sonnenblick-Goldman Co., adviser...

January 5, 2001 Atlanta Financial center may have a buyerThe Atlanta Journal-Constitution, January 5BUCKHEAD, Ga. –GE Pension Trust and Hines are planning to buy the Atlanta Financial Buckhead. The three-building complex, located on Peachtree Road, is about 886,000...

January 5, 2001 GE Pension Trust and Hines are in talks to buy Atlanta Financial Center for $160 million to $175 million, or up to $197.50/sf., The Atlanta Journal-Constitution reported today.GE and Hines are said to be negotiating...

January 5, 2001 By Thomas J. Walsh, Commercial Real Estate Direct Senior WriterBear Stearns will co-lead manage the upcoming $1.2 billion commercial mortgage-backed securities conduit deal with Morgan Stanley.The transaction will include collateral originated by Wells Fargo, Principle...

January 5, 2001 ATLANTA – Alston & Bird LLP has named 13 new partners in its Atlanta office, among them are two in the law firm's real estate practice group.The two are Christina K. Braisted, who represents institutional...

January 5, 2001 AUSTIN, Texas – Stratus Properties Inc. (NYSE: STRS ) has established a $30 million credit facility with Comerica Bank.The facility, which matures in December 2002, will consist of a $20 million revolving line of credit...

January 5, 2001 ATLANTA – Gables Residential (NYSE:GBP) has sold 91 percent of its interests in three Tennessee apartment communities to a joint venture with CMS Companies, a Philadelphia investment banking firm, for $60 million.The properties are the...

January 5, 2001 NASHVILLE, Tenn. – A lending group led by Bank of America has expanded the revolving credit facility of Healthcare Realty Trust Inc. (NYSE:HR) to $300 million from $265 million.The expansion was done when UBS Warburg...

January 4, 2001 MOUNTAIN VIEW, Calif. – An affiliate of Goldman Sachs has paid about $276 million for real estate owned by SGI (NYSE:SGI), which was formerly known as Silicon Graphics Inc.The Goldman affiliate, presumably one of the...

January 4, 2001PHILADELPHIA – Pennsylvania REIT (NYSE:PEI) has refinanced its credit line with a $250 million combination credit/construction facility led by Wells Fargo Bank.The facility combines a $175 million revolving credit and a $75 million two-year construction loan....

January 4, 2001 PALO ALTO, Calif. – Pacific Property Co. has purchased two apartment communities, totaling 126 units in southern California for $10.3 million.The properties, located about four miles apart, are the 84-unit Casa Del Prado in South...

January 4, 2001 MEMPHIS, Tenn. – RFS Hotel Investors Inc. (NYSE:RFS) on Jan. 1 terminated its operating lease and management contract relationships with Hilton Hotels Corp. (NYSE:HLT).Following a recently laid out plan, RFS paid Hilton about $60 million...

January 4, 2001 WASHINGTON – Millennium Hotels and Resorts will spend $70 million renovating 12 hotels.The properties were purchased this year by London-based Millennium and Copthorne Hotels and are located in various cities.As each of the Regal hotel...

January 4, 2001 NEW YORK – Lexington Corp. Properties Trust (NYSE:LXP) has raised $39 million through fixed-rate mortgages on three properties in Pennsylvania, South Carolina and Virginia.The properties are the Jones Apparel property in Bristol, Pa., the Fleet...

January 4, 2001 ATLANTA – David P. Stockert has joined Post Properties Inc. (NYSE: PPS) as president and chief operating officer.Stockert will replace Jeffrey A. Harris, who is leaving the company to pursue other opportunities.Previously, Stockert was senior...

January 4, 2001 ATLANTA – Summit Properties Inc. (NYSE:SMT) has sold a 323-unit apartment community, formerly known as Summit Village, for $22.6 million, or $70,200 per home, to a pension fund adviser.Proceeds from the sale will fund company's...

January 4, 2001 Commercial Real Estate Direct Staff ReportColonial Bank of Birmingham, Ala., has provided $48 million of construction financing for Bentley Bay Towers, a proposed residential condominium development in South Miami Beach, Fla.The ultra-luxury property will feature...

January 4, 2001 PHILADELPHIA – Pennsylvania REIT (NYSE:PEI) has entered into a three-year interest-rate swap agreement with Fleet Bank and Wells Fargo.The swap agreement covers a total debt of $75 million. PREIT will pay the counterparties a fixed...