NEW YORK CITY-The shopping center REIT has sold four shopping centers and its interest in a redevelopment site for $124 million. Its seven remaining assets are up for sale.

NEW YORK CITY-Senior/subordinated pass-through certificate series 1998-C and 1999-A were placed on CreditWatch, in part, because of high projected cumulative net losses. Letters of credit issued by Societe Generale SA should allow them to pay both principal and interest.

NEW YORK-The new division will provide title insurance to US-based companies in Europe and Central and South America. The firm currently has operations in Canada, Mexico and the Caribbean.

NEW YORK CITY-Approximately $163 million of the industry's outstanding senior secured notes, medium-term notes, subordinated debt and preferred stock are covered in this on-line accessible document.

AUSTIN-The high cost of homes and rising interest rates are driving new hires here into rentals. Apartment rates are expected to increase 6% next year on top of an 8% rise over the 12 months.

NEW YORK CITY-In-place rents for the property are $28.50 per sf, about 35% below the market level. SL Green will act as the joint venture's operating partner.

NEW YORK CITY-In exchange for paying $150 per sf, the tenant who takes the space will have its name displayed from a second or third story window.

NEW YORK CITY-The REIT bought the condominiums three years ago for $9.8 million. The acquiring company is controlled by Joseph Nakash, a principal of Jordache Enterprises.