General News
Transcontinental Was Buyer of Mack-Cali’s Nebraska Asset
November 30, 2000 Transcontinental Realty Investors Inc. has purchased the Brandeis Building in Omaha, Neb., from Mack-Cali Realty Corp. As Commercial Real Estate Direct reported earlier this week, Mack-Cali sold the 319,230-square-foot office building to TCI Brandeis LP (Transcontinental) for...
AIMCO to Modifiy Sr. Management Investment Program
November 30, 2000 DENVER – Apartment Investment and Management Co. (NYSE:AIV) plans to modify its senior management's investment program, effective Jan. 1. The modified High Performance Unit program will raise the minimum investment hurdle to an annual rate of 11...
Vectiv Secures $13 Mln in Second Round Financing
November 30, 2000 BERKELEY, Calif. – Vectiv Corp., which is developing an online site selection service for retailers and hotel operators, has raised $13 million in its second round of financing. AC Ventures, the venture capital unit of Andersen Consulting...
Aimco to Buy Tax-Free Fund, Eyes Refinancing Mortgages
November 30, 2000 DENVER – Apartment Investment and Management Co. (NYSE:AIV) has agreed to acquire Oxford Tax-Exempt Fund II LP (Amex:OTF) for $206 million.The acquisition gives Aimco, which already owns the managing general partner of Oxford Tax-Exempt, the fund's tax-free...
Lee Wielansky to Lead JDN’s Development Arm
November 30, 2000 ATLANTA – Lee S. Wielansky, head of investments for Regency Realty Corp. (NYSE:REG), has been named president and chief executive of JDN Development Co., the development arm of JDN Realty Corp. (NYSE:JDN)Wielansky co-founded and was chief executive...
Criimi Names Five to Serve on Expanded Board
November 30, 2000 ROCKVILLE, Md. – Criimi Mae Inc. (NYSE:CMM) has increased its six-member board of directors to nine and appointed five new directors, including three real estate industry executives. Among the five new members are Donald J. MacKinnon, chief...
Southeast Regional Digest (11/29/00): Mississippi hotel-casino for sale for $200 Mln
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...
Canada Digest (11/29/00): Revenue Properties board reject Acktion offer to buy 3.4 million shares
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...
Survey: Boston’s Tight Market Promises Stable Investment Opportunities
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...
PRICE TALK: $1.27 Bln GMAC Commercial Mortgage Securities Inc., Series 2000-C3
November 29, 2000 Go To Moody's Presale Report.GMAC Commercial Mortgage Securities Inc., Series 2000-C3ClassAmount($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.
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