General News

December 7, 2000 NEW YORK – Fitch has upgraded two classes in the Danbury Fair Mall's 1994 $52.5 million commercial mortgage and affirmed three other classes.The rating agency has upgraded class A-1 and class A-2 to double-A-plus from double-A.The transaction...

December 7, 2000 Salomon Bros. Commercial Mortgage Trust 2000-C3ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA-1180.723AAAAaa5.7+28-29SwapsA-2523.623AAAAaa9.37+41-42SwapsB43.418.25AAAa29.82+56-59SwapsC35.514.25AA29.9+71-74SwapsD13.712.75A-A39.91+81-84SwapsE13.711.25BBB+Baa19.91+120 areaSwapsF13.79.75BBBBaa29.91+130 areaSwapsG13.78.25BBB-Baa39.91+280 areaTreas.IO914.6NAAAAAaa8.82NANA

December 7, 2000 First Industrial Realty Trust Inc. has sold 35 industrial holdings on Long Island, N.Y., to Long Island Industrial Investors LLC, an investor group led by Ruben Schron for $180 million.The properties total 3.5 million square feet.The Schron...

December 7, 2000 Tampa Bay Hotel plannedThe Tampa Tribune, December 7, 2000TAMPA BAY, Fla. – Westin Hotels & Resorts will build a 300-unit luxury hotel at Tampa Bay 1, the $200 million office and retail center planned for Interstate 275....

December 7, 2000 NASHVILLE, Tenn. – Irving E. Lingo Jr. has joined Corrections Corporation of America (NYSE:CXW) as chief financial officer. Lingo will be responsible for financial accounting and reporting, including SEC compliance, and also will coordinate investor relations and...

December 7, 2000 BINGHAM FARMS, Mich. – Malan Realty Investors Inc. (NYSE:MAL) has elected Edward T. Boutrous to its board of directors. Boutrous, is the managing member of The Boutrous Cos. LLC, an Auburn Hills, Mich.-based developer of neighborhood shopping...

December 7, 2000 CHICAGO – Security Capital Group Inc. (NYSE:SCZ) and SC-U.S. Realty (NYSE:RTY) have set a record date for shareholders to vote on their proposed $1.4 billion merger.Shareholders of record at Security Capital and at SC-U.S. Realty as of...

December 7, 2000 GMAC Commercial Mortgage Securities Inc., Series 2000-C3ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)Priced(BP)BenchMarkA-1148.521.25AAAAaa5.7+29-31+30SwapsA-2855.221.25AAAAaa9.7+41-43+43SwapsB54.217AAAa29.9+56-58+60SwapsC57.312.5AA29.9+71-73+75SwapsD12.711.5A-A39.9+81-83+85SwapsE358.75BBBBaa29.9+130 area+135SwapsF19.17.25BBB-Baa39.9+295 area+290Treas.G8NANRNRNRNA+400Treas.H9.85.85NABa1--------J25.53.85NABa2--------K4.43.5NABa3--------L9.52.75NAB1--------M15.91.5NAB2--------N3.11.25NAB3--------O3.11NACaa2--------P12.722.5NANR--------X*1274.7NAAAAAaaNANA+400**Treas.*Interest only, notional amount.**At 100 percent CPY.

December 7, 2000Lehman Bros. Floating-Rate Commercial Mortgage Trust 2000-LLF C7ClassAmount($mln)Sub. Level(%)RatingS&PAvg.LifePriceTalk*(BP)Priced(BP)BenchMarkA1,09624AAA1.59+22 area+231-mo. LiborB39.721.25AA+2.49+32 area+321-mo. LiborC3618.75AA2.53+37 area+371-mo. LiborD21.617.25AA-2.58+45 area+451-mo. Libor* Private "A-B-C" deal; pricing on only four of the deal's 27 tranches listed by Standard & Poor's available.

December 6, 2000 SAN DIEGO – Burnham Pacific Properties has recovered $48.7 million from the sale of two retail centers, one in California and one in Washington to the Retail Value Investment Program, a joint venture between Developers Diversified, Coventry...