property type: Retail

September 27, 2001 SAN FRANCISCO – Cannery Properties has received about $19.4 million in permanent, fixed-rate financing for a 100,000-square-foot mixed-use property it owns. The 10-year mortgage carries a 30-year amortization schedule. The lender was not disclosed.The financing replaces a ...

September 27, 2001 NEW YORK – Fitch is predicting that CMBS will see an increase, but no dramatic spike, in loan defaults.The rating agency, like other market observers, had been anticipating a market slow-down. But the terrorist attack on the ...

September 27, 2001 SAN FRANCISCO – Salomon Smith Barney provided the $19.4 million permanent, fixed-rate financing for Cannery Properties.As reported earlier today, the financing for the 100,000-square-foot mixed-use property, known as the Cannery, was used to replace a $9 million ...

September 27, 2001 NEW YORK – Fitch has upgraded Commercial Mortgage Acceptance Corp., 1996-C1, because subordination levels have increased as a result of amortization and loan paydowns.The rating agency upgraded the deal's $16.1 million class D to triple-A from double-A; ...

September 26, 2001 ROSELAND, N.J. – Chelsea Property Group (NYSE:CPG) has completed its $180 million purchase of a portfolio of 31 retail centers from Konover Property Trust (NYSE:KPT).Chelsea's portfolio, including joint venture properties, now consists of 55 outlet centers and ...

The Canadian firm has board approval to convert to U.S. REIT status. The plan, subject to shareholder approval, will result in two publicly traded companies, the new REIT and a Canadian company that will control a big stake of the ...

September 26, 2001 NEW YORK – New York-based Greendel Development Ltd. has sold The Villager building, a 64-unit mixed-use apartment building in Manhattan's lower East Village for about $21 million.New Jersey-based Skyline Development paid about $328,125/unit for the property at ...

September 26, 2001 HONOLULU – Bear Stearns Funding Inc. has provided $14 million in fixed-rate, permanent financing for the King Kalakaua Plaza.The proceeds of the 30-year loan, which is due in 2011, will be used for future investments. The loan ...

September 26, 2001 NEW YORK – Fitch has downgraded three classes in Merrill Lynch Mortgage Investor Inc., 1999-C1, and placed one class on rating watch negative due to expected losses and the deterioration in the transaction's performance.The ratings are as ...