Valuation: More than $150 million

March 12, 2003 Boston Properties Inc. (NYSE:BXP) has priced $300 million of senior unsecured notes, its third such issue in the past four months.The Boston REIT's notes, which mature April 15, 2015, were priced at 99.898 percent of face value, ...

March 11, 2003 Westfield Trust has purchased Sydney Central Plaza, a 581,300-square-foot shopping center in downtown Sydney, Australia, in a sale-leaseback deal with Australian retail company Coles Myer Ltd.Westfield paid $390 million Australia dollars (US$239.6 million, or $245.8 million when ...

The investment bank wrote the large mortgage for One IBM Plaza, a 1.4 million-sf office building owned by Prime Group Realty. The loan carries a three-year term and pays a rate of 285 bp over Libor.

March 11, 2003 IStar Financial Inc. (NYSE:SFI) has priced a $150 million offering of senior unsecured notes.The New York specialty finance company priced the notes, which mature in March 2008 and carry a coupon of 7 percent, at par to ...

A joint venture between Starwood Opportunity Fund IV LP and New Jersey developer G. Heller Enterprises Inc. has agreed to sell a 1 million-sf retail portfolio. The Chicago-based buyer will put financing on seven of the portfolio's unencumbered properties.

March 7, 2003 The pension fund for an unidentified Fortune 500 company has allocated an initial $250 million to SSR Realty Advisors' core separate accounts business.SSR will invest the capital in apartment, industrial, office and community retail centers across the ...

The REIT has agreed to buy six malls near Philadelphia for $548 million from the Rouse Co.

March 6, 2003 Commercial Real Estate Direct Staff ReportRAIT Investment Trust (NYSE:RAS) has filed to sell up to $299.3 million of debt securities, common and preferred shares and warrants.The offering actually totals $300 million, since the Philadelphia-based REIT is adding ...

The company, which wants to focus on the retail sector, is selling its multifamily portfolio. And, as part of a tax-deferred exchange, it is buying a portfolio of shopping malls from the Rouse Co.

March 5, 2003 Lowe Enterprises has set up a fund to buy subordinated debt on U.S. hotels and resorts.The Los Angeles-based real estate investment firm raised some $160 million in equity commitments from institutions and high net worth individuals for ...