General News

January 10, 2000 Buckhead's One Alliance Center awaits go-aheadAtlanta Journal-Constitution, January 9ATLANTA – Construction of the fourth office tower on the Buckhead Loop, recently renamed Lenox Road, is expected to start as early as next month. One Alliance Tower could...

January 10, 2000 NCC buys 'key' Sparks St. buildingThe Ottawa Citizen, January 10 OTTAWA – The National Capital Commission has bought a 10-story commercial building at the corner of Sparks and Metcalfe streets to start the revitalization of a large...

January 10, 2000 (NewsTraders.com) -- SL Green Realty Corp. (NYSE:SLG) was initiated today with a lukewarm "hold" rating in new coverage by McDonald Investments analyst Anatole Pevnev, who noted his belief that the company's shares are fully priced in the...

January 10, 2000 NEW YORK – Wellsford Real Properties Inc. (AMEX:WRP) repurchased 1.5 million of its common stock through Dec. 31 as part of its plan to buy back 2 million shares. The amount purchased represents 7 percent of the...

January 10, 2000 OAK BROOK, Ill. – CenterPoint Properties Trust (NYSE:CNT) has raised $150 million through the issuance of senior unsecured notes.The notes are due Jan. 15, 2003 and carry a 7.9 percent interest rate. The notes were priced at...

January 10, 2000Moody's has published a Pre-Sale Report for J.P. Morgan Commercial Mortgage Finance Corp., 2000-C9, an $814.4 million conduit issue that includes loans originated by J.P. Morgan and LaSalle Bank.Go to Story in the IPGDirect.com Archive

January 10, 2000 TORONTO – RioCan Real Estate Investment Trust (Toronto:REI.UN) paid Canadian $40 million for four Quebec shopping centers.The properties total 622,000 square feet and were purchased from Burnac Corp. They are anchored by Metro-Richelieu, a dominant Quebec grocery...

January 10, 2000Principal Life, Wells Fargo, John Hancock Mutual Life and Morgan Stanley are planning to team up on a $750 million commercial mortgage-backed securities transaction next month, according to Commercial Mortgage Alert.The newsletter said Morgan Stanley will underwrite the...

January 10, 2000 NewsTraders.com) -- First Industrial Realty Trust (FR) received an improved outlook from Merrill Lynch, which raised its intermediate-term rating on the real estate investment trust, or REIT, to "accumulate" from "neutral" with a $30 price target.The brokerage...

January 10, 2000 Walden Residential Properties Inc. (NYSE:WDN) has filed a Form 8-K with the SEC. The report relates to an amended and agreed merger among Walden, Oly Hightop Corp., and Oly Hightop Parent LP.