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Joe Runk joins his former Ocwen Financial colleague, Stephen Scorgie, at the Carlton Group of New York. His mandate: to broaden the firm's geographic reach.

Secondary trading continued to be brisk despite a widening of spreads in non-triple-A classes for the re-issued deal, which is slightly smaller than it was in its original form.

The well-known REIT mutual fund manager is raising a fund that will target investments in real estate related Internet firms. The fund, Internet Realty Partners, has already raised $25 million, which it is ready to deploy.

A new report from Marcus & Millichap says development of shopping centers and big box outlets has stalled in Los Angeles and San Diego. Retail properties sales were down in 1999 and are expected to fall again this year.

The deal, known as Mach One, is made up of commercial and residential mortgage-backed securities, along with REIT debt from more than a dozen firms. Investors say there will be more like it to come.

R. Donahue Peebles, who is developing the Royal Palm Hotel in Miami's ritzy South Beach area, is looking for a lender willing to provide $55 million of financing when construction is completed later this year.

Once a down-in-the-dumps suburb of Atlanta, the West End is beginning to get noticed by developers because of its perfect location near fiber-optic lines. Decrepit buildings are being converted into carrier hotels.

Vacancies in office and flex sectors fell early this year despite 4.5 million sf of new space and high net absorption.

The firm had planned to become a specialty commercial finance company, but it changed plans after learning of shareholder disapproval for the merger.

The Florida developer is planning to build up to 2 million sf of high-tech space at Beacon TradePort in Miami. Much of the space will be built on a speculative basis. When done, the $100 million project could be the...