Valuation: More than $150 million

May 31, 2001 TORONTO - TrizecHahn Corp. has purchased three office properties for about $180 million.The properties, totaling 818,000 square feet, include Two Ballston Plaza in Arlington, Va., 550 West Washington in Chicago and 1225 Connecticut Ave. in Washington, D.C.The ...

May 30, 2001ARROYOMOLINOS, Spain – The Mills Corp. (NYSE:(NYSE: MLS) plans to develop a nearly 2 million-square-foot, $300 million retail/entertainment center 13.6 miles from Madrid, the capital of Spain.Construction on 1.2 million-sf Phase I of the Madrid Xanadu retail complex ...

May 30, 2001 SAN MATEO, Calif. – Glenborough Realty Trust (NYSE:GLB) has increased its credit line to $180 million from $142 million, and extended the maturity date to June 2003 from June 2002. "Our conservative debt level provides safety, and ...

The two firms, which recently structured a collateralized debt obligation, might be looking to raise capital to buy CMBS rated double-B and below. They are also said to be planning a follow-up CDO, which combines CMBS and REIT debt.

May 30, 2001 Commercial Real Estate Direct Staff ReportGMAC Commercial Mortgage and its subsidiary, Newman & Associates, is out with a $420 million floating-rate CMBS deal, industry sources said today. Newman is lead-managing the deal, with Greenwich Capital Markets acting ...

The REIT has agreed to buy 233 N. Michigan Ave. from Travelers Life and Tishman Speyer for $173.5 million. Deutsche Banc is providing $106 million in financing for the purchase, which is expected to close next month.

May 25, 2001 Commercial Real Estate DirectAn Australian property company is floating A$500 million (US$258.6 million) of CMBS.Westpac Banking Corp. and ANZ Banking Group are co-lead managing the transaction on behalf of Mirvac Group, with collateral comprised of 25 modern, ...

May 25, 2001 Prime Group Realty Trust is close to inking a huge deal that would raise cash for the troubled REIT, The Chicago Tribune reported.The company is in final negotiations to sell all but one of its suburban office ...

CIBC World Markets and Merrill Lynch advised Nomura on the purchase, which was financed with a combination of debt and equity from various sources.

May 25, 2001 LOS ANGELES – Maguire Partners has hired Credit Suisse First Boston to sell a majority stake in its portfolio, worth about $2 billion, in order to finance development at Playa Vista and other projects, The Los Angeles ...