January 19, 2001 DALLAS – Amresco Capital Trust (Nasdaq:AMCT) has completed the sale of its remaining three CMBS holdings for $16.5 million.The company's portfolio now consists of five mortgage loans and one equity investment in real estate. As...

January 19, 2001 NASHVILLE, Tenn. – Corrections Corp. of America (NYSE:CXW) has received preliminary court approval of the revised terms to settle all outstanding stockholder litigation against the company and certain of its existing and former directors and...

January 18, 2001 NEW YORK – John R. Shain has been appointed a principal of Prudential Real Estate Securities Investors, a unit of Prudential Real Estate Investors.He will manage the North American Property SecuritiesTrust, for which Prudential Real...

January 18, 2001 By Brad Berton, Commercial Real Estate Direct Contributing Writer TDK USA Corp.'s semiconductor unit has purchased a 164,330-square-foot manufacturing, distribution and office facility in Anaheim, Calif., from Fujitsu Ltd.'s business communications systems for almost $12.4...

January 18, 2001 Commercial Real Estate DirectA Taiwan-based investor group operating as SY Ventures II and SY Ventures V has acquired most of the Chino Spectrum Marketplace power center in Chino, Calif. The group bought the property from...

January 18, 2001 INDIANAPOLIS – Simon Property Group Inc. (NYSE:SPG) and its partnership subsidiary Simon Property Group LP has completed the private placement of $500 million of debt securities.The issue included $300 million of 7.675 percent notes due...

January 18, 2001 Commercial Real Estate DirectA commercial mortgage-backed securities bid list containing about 15 non-investment grade bonds is due to come to market at 1:30 p.m. EST today.The $100 million list contains mostly single-A, triple-B or triple-B-minus...

January 18, 2001 Industry news: CarrAmerica sells buildings, land for $33.37 Mln in Boca Raton, Fla.Daily Business Review, January 18BOCA RATON, Fla. – CDR Glades LLC has purchased office buildings west of 22nd Avenue and north of Executive...

January 18, 2001 VALENCIA, Calif. – Newhall Land and Farming Company (NYSE:NHL) Chairman and Chief Executive Thomas L. Lee will retire effective March 31.Gary M. Cusumano, the current president and chief operating officer, has been appointed by the...

January 18, 2001 STONE MOUTNAIN, Ga. – Wells Real Estate Funds has sold the Crowe's Crossing retail center for $6.8 million to Infinity Property Management Corp.The 93,728-square-foot shopping center, which sits on South Hairston Road, is 100 percent...

January 18, 2001 RENTON, Wash. – Unico Properties Inc. has sold several office properties to an affiliate of HAL Real Estate Investments Inc. for $83.3 million.The properties, which comprise more than 670,000 square feet, are: One, Two and...

January 18, 2001 BOSTON – Despite the recent reports of an impending recession, top real estate markets in the United States continue to post strong growth, according to Colliers International, a partnership of more than 40 commercial real...

January 18, 2001 Report: Commercial real estate fundamentals to remain positive in 2001Canada Newswire, January 18TORONTO – The Canadian commercial real estate market had another strong year in 2000, according to Colliers International's annual Canadian Real Estate Review...

January 18, 2001 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) has signed 10 leases with six companies for office space totaling 257,550 square feet at several of its New York, New Jersey and Pennsylvania properties.The lease transactions are...

January 18, 2001 Credit Suisse First Boston Securities Trust 2001-FL1ClassAmount($mln)Sub. Level(%)RatingS&PRatingMoody'sRatingFitchAvg.LifePriceTalk(BP)BenchMarkA247.538.5AAAAAAAAA2+26-28LiborB24.132.5NRNRAA2.4+45-50LiborC28.225.5NRNRA2.4+80-85LiborD28.218.5NRNRBBB2.3+175-180LiborE816.5NRNRBBB-2.7+225-230Libor

January 17, 2001 SAN FRANCISCO – Catellus Development Corp. (NYSE:CDX) today signed an agreement with marchFIRST to terminate its lease for a future 270,000-square-foot office building at Mission Bay.Catellus is continuing its plans to develop and lease the...

January 17, 2001 Go to S&P's pre-sale report.Go to Fitch's pre-sale report. Morgan Stanley Dean Witter Capital I Trust 2001-PPMClassAmount($mln)Sub. Level(%)RatingS&PRatingFitchAvg.LifePriceTalk(BP)BenchMarkA-19914.75AAAAAA3.4+27 areaSwapsA-2269.814.75AAAAAA5.85+36 areaSwapsA-3166.814.75AAAAAA7.3+44 areaSwapsB15.612.25AAAA10.8+59 areaSwapsX*623.5NAAAAAAANANASwapsC-O**76.4NANANANANA--* Notional amount, interest only.** Classes privately placed.

January 17, 2001WASHINGTON – The National Association of Real Estate Investment Trusts' Public Equity 100 index rose 29 percent in 2000. "The Dow was down, the S&P 500 stumbled and Nasdaq plummeted," said Steven A. Wechsler, president and...

January 17, 2001 Cushman & Wakefield has named Thomas P. Falus president of the strategic ventures group.The group will be the company's first research and development/merger and acquisition division.Falus joined the company in January 1997. He has been...

January 17, 2001 KENNETT SQUARE, Pa. – ElderTrust (NYSE:ETT), an equity healthcare REIT, will continue to list on the New York Stock Exchange since it has increased its market cap and stock price.The NYSE will monitor the company's...

January 17, 2001 PHILADELPHIA – The Brickstone Cos. has hired Sonnenblick-Goldman Co. to sell the Mellon Independence Center, a landmark office and retail complex in Center City, in a deal that could fetch more than $100 million, or...

January 17, 2001 Fort Lauderdale, Fla., has several projects in the worksMiami Herald, January 17FORT LAUDERDALE, Fla. – The uptown Fort Lauderdale corridor has at least eight office projects representing more than $137 million either under construction or...

January 17, 2001 PALO ALTO, Calif. – DOIT City Heights Los Angeles entered into a lease-hold interest with Essex Property Trust Inc. (NYSE:ESS) for $9.7 million.The acquisition gives Essex the 34-year lease to the land underlying City Heights...

January 17, 2001 CORAL GABLES, Fla. – Hines has bought the First Union Financial Center from First Union National Bank for about $16.5 million, with plans to develop the downtown site into a mixed-use development.The site, a city...

January 17, 2001 SAN DIEGO, Calif. – Burnham Pacific Properties Inc. (NYSE:BPP) has agreed to sell a 19-property portfolio of grocery-anchored shopping centers in California to Weingarten Realty Investors (NYSE:WRI) for about $277.5 million in cash and debt.Weingarten...