December 22, 2000 Special to Commercial Real Estate DirectNewhall Land & Farming (NYSE:NHL), the biggest property owner in northern Los Angeles County's booming Santa Clarita Valley, has sold four apartment complexes totaling 924 units within its Valencia master-planned...
December 22, 2000 TORONTO – Cadillac Fairview has agreed to pay Toronto Dominion Bank C$1.28 billion (US$843.9 million) for its interests in the real estate assets they jointly own.The sale involves several of Canada's most prominent landmark properties,...
December 22, 2000 Lowe Enterprises Investment Management to buy Tower Place 200 for about $50 MlnThe Atlanta Journal Constitution, December 22ATLANTA – Lowe Enterprises Investment Management plans to buy Tower Place 200, a 14-story, 260,000-sf building at the...
December 22, 2000 ATLANTA – Fred N. Pratt, Jr. has been named president and chief operating officer of Lend Lease Real Estate Investments Inc.Pratt joined Lend Lease in November 1999 when Lend Lease acquired Boston Financial Group LP,...
December 22, 2000 Warren Buffett has taken a 5.66 percent stake in HRPT Properties Trust (NYSE:HRP).The billionaire investor controls about 7.5 million shares in the REIT, according to a Schedule 13G filed with the SEC.In April, Buffett reported...
December 22, 2000 CRANFORD, N.J. – Mack-Cali Realty Corp. (NYSE:CLI) has sold $15 million of senior unsecured notes.The notes priced to yield 253 basis points over Treasuries. They carry a rate of 7.835 percent and mature in December...
December 22, 2000 Fortis Properties Buys Aliant/Blue Cross Properties for $80 MlnFortis Properties Corporation completed the purchase of three major office properties in Atlantic Canada for about $80 million. The properties included, the Fort William Building, located in...
December 21, 2000 West Broward Business Park sells for $39 Mln.Daily Business Review, December 21PLANTATION, Fla. – PG Plantation CS One LLC has purchased the Cornerstone Business Park in Plantation for $39.11 million. The property, at 1200 S....
December 21, 2000 center>Chase Commercial Mortgage Securities Corp., Series 2000-FL1ClassAmount($mln)Sub.Rate(%)Rating S&PAvg.LifePriceTalk*(BP)Priced(BP)BenchMarkA180.344AAA2.9+27-28+28LiborB27.335.5AA2.9+45 area+45LiborC23.328.25A2.9+80 area+80LiborD825.75A-2.9NA+100LiborE16.920.5BBB2.9+180 area+190LiborF818BBB-2.9+245 area+245Libor* Revised. Earlier price guidance was not available.
December 21, 2000 Credit Suisse First Boston Securities Corp., Series 2000-FL1ClassAmount($mln)RatingS&PRatingMoody'sAvg.LifeOrig.PriceTalk(BP)RevisedPriceTalk(BP)Priced(BP)BenchMarkA-1221.8AAAAaa1.5+25-26+28 area+28LiborA-231.7AAANR1.85+32-34+38 area+40LiborB23.1AANR2.03+39-42+45 area+55LiborC26.9ANR2.22+80 area+85-90+90LiborD21.1BBBNR2.28+175 area+175 area+175LiborE5.8BBB-NR2.49+225 area+225 area+225LiborAX*330.4AAAAaaNANANANALiborAY**75.8AAAAaaNANANANALibor* Initial aggregate notional principal balance of classes A through E.** Initial aggregate notional principal balance of Floor Rate Loans.
December 21, 2000 LAFAYETTE, Calif. – Bedford Property Investors Inc. REIT (NYSE: BED) secured two leases at Waterpark at Briarwood Phase I, a 103,181-square-foot, two-building, office complex in Denver.Bedford leased 50,988 sf to Arrow Electronics Inc. and 15,362...
December 21, 2000 RALEIGH N.C – Winston Hotels Inc. (NYSE: WXH) hasopened an $8.5 million Jacksonville Hampton Inn at Ponte Vedra Beach, Florida.The 5-story, 118-room hotel, located off I-95 and J.T. Butler Boulevard, is operated under a joint...
December 21, 2000 ATLANTA – Wells REIT bought a 300,633-square-foot, Class-A suburban office building in Minnetonka, Minn., for $53 million, or $176/sf.The nine-story office building at 10900 Wayzata Boulevard in the Crescent Ridge Corporate Center, is fully leased...
December 21, 2000 NEWPORT BEACH, Calif. – Pacific Gulf Properties Inc. REIT (NYSE:PAG) has removed three properties from a portfolio of industrial properties that it is selling to CalWest Industrial Properties LLC. The company intends to market the...
December 21, 2000 DENVER – A syndicate of banks led by Chase Manhattan, Wells Fargo and Bank of America has provided Archstone Communities (NYSE:ASN) with a $580 million unsecured revolving line of credit.The three-year line, which has a...
December 20, 2000 ATLANTA – Post Apartment Homes LP (NYSE: PPS) has priced a $185 million offering of senior notes.The 10-year notes, which mature on Dec. 20, 2010, were priced to yield 7.7 percent. The notes were rated...
December 20, 2000 TrizecHahn Corp. (NYSE:TZH) plans to turn its U.S. office property business into a REIT by the end of 2001.The Toronto-based company is planning to split its core operations, one involved in the ownership of carrier...
December 20, 2000 CHICAGO - AMLI Residential Properties Trust (NYSE:AML) in a joint venture with an existing institutional partner, purchased Jefferson Estates at Lowry, a 414-unit luxury apartment community located in Denver.The renamed AMLI at Lowry Estates is...
December 20, 2000 RALEIGH, N.C. – A group of lenders has provided Highwoods Properties Inc. (NYSE:HIW) with a $300 million unsecured credit facility.The facility, which matures in December 2003, replaces Highwoods current $450 million credit line.It carries a...
December 20, 2000 Credit Suisse First Boston Securities Corp., Series 2000-FL1ClassAmount($mln)RatingS&PRatingMoody'sAvg.LifeOrig.PriceTalk(BP)RevisedPriceTalk(BP)BnchMarkA-1221.8AAAAaa1.5+25-26+28 areaLiborA-231.7AAANR1.85+32-34+38 areaLiborB23.1AANR2.03+39-42+45 areaLiborC26.9ANR2.22+80 area+85-90LiborD21.1BBBNR2.28+175 area+175 areaLiborE5.8BBB-NR2.49+225 area+225 areaLiborAX*330.4AAAAaaNANANALiborAY**75.8AAAAaaNANANALibor* Initial aggregate notional principal balance of classes A through E.** Initial aggregate notional principal balance of Floor Rate Loans.
December 20, 2000Condo in limbo at Hammock DunesDaytona Beach News-Journal, December 20BUNNELL, Fla. – Developer Bobby Gin's plans for a luxury resort development in Hammock Dunes have been kicked back to the County Commission planning board for recommendation....
December 20, 2000 Chase Commercial Mortgage Securities Corp., Series 2000-FL1ClassAmount($mln)Sub.Rate(%)RatingS&PAvg.LifePriceTalk*(BP)BnchMarkA180.344AAA2.9+27-28LiborB27.335.5AA2.9+45 areaLiborC23.328.25A2.9+80 areaLiborD825.75A-2.9NALiborE16.920.5BBB2.9+180 areaLiborF818BBB-2.9+245 areaLibor* Revised. Earlier price guidance was not available.
December 20, 2000First Industrial Realty Trust (NYSE:FR) CEO Michael Brennan is to be interviewed this hour (1 p.m.) on CNBC's "Power Lunch" program.Brennan will be commenting on REIT stocks and investments after any pending Federal Reserve actions.
December 20, 2000SEAL BEACH, Calif. – GreenPark Group LLC, which has invested $110 million in developing contaminated properties mainly in California and Nevada, is expanding east with a second fund, according to The Wall Street Journal.The group hopes...
December 20, 2000 Special to Commercial Real Estate DirectMBK Real Estate is looking to build and/or redevelop roughly 1.5 million square feet of retail space next year, mostly in California, Oregon and Washington.The firm's work will "include both...
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