General News

November 29, 2000 Clarion Partners has paid $33.26 million, or $120.50/sf, for 70/100 Inner Belt Road, a telecom facility and distribution center in Somerville, Mass.The two-story building, which has 276,000 sf, is on the periphery of downtown Boston. It was...

November 29, 2000SAN DIEGO – Starwood Capital Group has agreed to invest $50 million into Westcore Industrial Properties, a San Diego company that invests in industrial properties. "Our goal is to align ourselves and invest significant private capital with the...

November 29, 2000 Hotel-casino seeks buyer The Las Vegas Review-Journal, November 28 BILOXI, Miss. – Ralph Engelstad has put his Imperial Palace of Mississippi on the block for $200 million, considerably less than the three-year-old property's reported $350 million price...

November 29, 2000 Revenue Properties board recommends rejection of Acktion offerPR Newswire, November 28 TORONTO – The board of directors of Revenue Properties Co. Ltd. has recommended a rejection of the unsolicited offer from 3391361 Canada Inc., an affiliate of...

November 29, 2000 BOSTON – Boston is one of the best U.S. markets for commercial real estate investment, according to a new report issued by PricewaterhouseCoopers and Lend Lease Real Estate Investments Inc.The study, which ranks Bean Town third, after...

November 29, 2000 Go To Moody's Presale Report.GMAC Commercial Mortgage Securities Inc., Series 2000-C3ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sAvg.LifePriceTalk(BP)BenchMarkA-1148.521.25AAAAaa5.7+29-31SwapsA-2855.221.25AAAAaa9.7+41-43SwapsB54.217AAAa29.9+56-58SwapsC57.312.5AA29.9+71-73SwapsD12.711.5A-A39.9+81-83SwapsE358.75BBBBaa29.9+130 areaSwapsF19.17.25BBB-Baa39.9+295 areaTreas.G8NANRNR------H9.85.85NABa1------J25.53.85NABa2------K4.43.5NABa3------L9.52.75NAB1------M15.91.5NAB2------N3.11.25NAB3------O3.11NACaa2------P12.722.5NANR------X*1274.7NAAAAAaaNANANAInterest only, notional amount.

November 29, 2000 Go To Fitch Presale Report.Go To Moody's Presale Report.Go To Standard & Poor's Presale Report.Banc One/FCCC Commercial Mortgage Loan Trust Series 2000-C1ClassAmount($mln)Sub. Level(%)RatingFitchRatingMoody'sRatingS&PAvg.LifePriceTalk(BP)BenchMarkA-151519AAAAaaAAA2.4+23-24SwapsA-2182.819AAAAaaAAA2.5+22-231-mo. LiborB4314AANRAA5.9+53 areaSwapsC34.410ANRA6.8+68 areaSwapsD8.69A-NRA-7.4+78 areaSwapsE157.25BBBNRBBB7.7+120 areaSwapsF8.66.25BBB-NRBBB-7.9+280 areaTreas.X861.5NAAAAAaaAAA------

November 29, 2000 DALLAS – GMAC Commercial Mortgage Corp. has arranged a $14.5 million fixed-rate permanent financing for Grapevine Mills II LLC for the Grapevine Mills retail center.The funding financed a 308,407-square-foot expansion of the 1.4 million-sf mall, which is...

November 28, 2000 BROOKLYN, N.Y. – Wexford Bancgroup has provided $19 million of construction/bridge financing to transform the former New York Daily News headquarters into the NewsWalk condominium and retail complex.Upon completion, the property, which is being constructed by an...

November 28, 2000 Starwood Capital Group LLC has invested between $40 million and $50 million in a joint venture with Senior Resource Group LLC to develop, market and manage full service retirement communities in the West.The partnership, which will keep...